Ujjivan Financial Services Ltd.'s Q2FY24 earnings fell by 2%

7 Nov 2023 , 03:26 PM

Ujjivan Financial Services is registered as an NBFC-MFI with the Reserve Bank of India in accordance with the guidelines for Non-Banking Financial Company Micro Finance Institutions (NBFC-MFIs). The RBI gave the company permission to open a Small Finance Bank.

Revenue for Q2FY24 was Rs 1,496.00 crores, up 43.85% year over year from Rs 1,040.00 crores, according to Ujjivan Financial Services Ltd.

The total expenses for Q2FY24 increased by 72.81% to Rs 1,144.00 crores from Rs 662.00 crores in the previous year.

The Consolidated Net Profit for the quarter was Rs 309.00 Crores, a 1.9% decrease from Rs 315.00 Crores.

The profits per share were Rs 18.55, a decrease of 12.17% from Rs 21.12 in the same quarter last year.

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