Ujjivan posts consolidated net profit at Rs44.30cr in Q2FY19 vs. net loss of Rs12cr yoy : In-line with Estimates

The company’s consolidated total income stood at Rs467.40cr, up 23.65% yoy.

Nov 15, 2018 03:11 IST India Infoline Research Team

Ujjivan Q2FY19

Consolidated Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 467.40 23.7
Net Profit (adjusted) 44.30 0.0

Ujjivan Financial Services Ltd consolidated Q2FY19 NII came at Rs239cr, which has improved by 45.4% yoy. Ujjivan’s consolidated Q2FY19 net profit was in-line with consensus estimates, which has come at Rs44.3cr against loss of Rs12cr in corresponding quarter last year. Its GNPA for Q2FY19 stood at 2.7% against 1.9% qoq, which has declined by 80 bps. NNPA for the quarter came was flat at 0.3% qoq.

  • Loan Book stood at Rs8,317cr for the quarter, growth of 24.7% over Q2FY18.
  • Non-MFI portfolio now contributes 12.1% to the portfolio in Q2FY19 against 4.3% in Q2FY18.
  • Disbursement for Q2FY19 was at Rs2,383cr, an increase of 22% over Q2FY18.
  • Secured portfolio constitutes 9% to the portfolio in Q2FY19 compared to 3% in Q2FY18.
  • The bank has ddded 180 full service banking outlets in H1FY19 taking total count as of September 2018 to 367 (187 as on March 31, 2018). Balance 95 asset centres to be converted to full service banking outlets.
  • Deposit base at Rs4,188cr in Q2FY19 covering 50% of total advances against 20% in Q2FY18.
  • Retail deposits at 31.3% to total deposits against 9.5% in Q2FY18; CASA ratio improved to 9% from 4.6% in Q2FY18.

Technical View:

Ujjivan Financial Services Ltd ended at Rs. 217.50, up by 6.4 points or 3.03% from its previous closing of Rs. 211.10 on the BSE.
The scrip opened at Rs. 214.95 and touched a high and low of Rs. 219.80 and Rs. 210.40 respectively. A total of 19,86,653 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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