Ujjivan Small Bank reports 2x yoy growth in Q3 PAT; stock up 4%

Ujjivan Small Bank reports 2x yoy growth in Q3 PAT; stock up 4%

surged over 4% after the bank reported its Q3FY20 earnings late on Wednesday.


The bank's Gross Advances stood at Rs13,617cr, a growth of 46% over Q3FY19.

Non-MicroBanking portfolio now contributes 22% to the portfolio against 14% Q3FY19.

GNPA stood at 0.9% and NNPA at 0.4% in Q3FY20 against 1.4% and 0.3%, respectively, in Q3FY19; write-off of Rs12cr in Q3FY20.

Net Profit rose to Rs90cr in Q3FY20 against Rs45cr in Q3FY19. Net Interest Income was Rs427cr in Q3FY20, an increase of 52% over Q3FY19. Net Interest Margin came in at 10.9% in Q3FY20, against 11.0% in Q3FY19.




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