Ujjivan SFB logs 38.3% yoy growth in Advances for Q1FY23; stock trades higher

5 Jul 2022 , 03:10 PM

Ujjivan Small Financial Bank reported its results for the quarter ended June 2022 and has logged substantial growth during the quarter.

It has reported a 38.30% yoy growth in Advances during the quarter at Rs19,409 crore as against Rs14,037 crore in the previous corresponding quarter.

Further, it has witnessed a significant reduction in PAR and GNPA from March 2022. Its GNPA for the quarter reduced to 5.9% and PAR at 7.9%, down from 9.6% and 7.1% respectively as of Mar’22.

For the month of May and June 2022, the collection efficiency was 99%, remaining robust with a persistent focus on stressed buckets and reducing incremental overdues.

Company logged total deposits of Rs18,433 crore in June 2022 as against Rs13,673 crore in June 2021, up by 34.80% yoy.

CASA Ratio of the company was reported at 28% in the quarter under review as compared to 20.30% in June 2021.

Disbursements for the June 2022 quarter witnessed a growth of 229.90% yoy at Rs4,327 crore as against Rs1,311 crore in the quarter ended June 2021.

Ujjivan SFB was trading at Rs15.55, up by 2.30% against its previous close of Rs15.20 on NSE.