Ujjivan Small Finance Bank Ltd reported its financial results for Q2 Financial year 27, registering its highest-ever quarterly profit after tax (PAT) of Rs 365 crore, up 199.9 per cent year-on-year (YoY) and 15.3 per cent quarter-on-quarter (QoQ).
The Bank’s deposits crossed Rs 50,000 crore, reaching Rs 50,643 crore, up 29.2 per cent YoY, while its gross loan book grew 32.1% to Rs 45,699 crore. Quarterly disbursements touched a record Rs 10,495 crore, increasing 32.3 per cent YoY. The secured loan book expanded 47% YoY to Rs 23,803 crore, accounting for 52.1 per cent of the portfolio. Affordable housing loans grew 31.4 per cent to Rs 10,056 crore.
Net interest income (NII) reached a record Rs 1,244 crore, up 35 per cent YoY, with net interest margin (NIM) at 8.4per cent. Asset quality improved, with gross and net non-performing assets (GNPA/NNPA) at 2.10per cent/0.31per cent, compared with 2.45 per cent/0.67 per cent a year earlier.
The Board approved a Rs 409 crore preferential capital infusion, subject to shareholder approval, from IFC, Bajaj Life Insurance, HDFC Life Insurance and Aditya Birla Sun Life Insurance.
The Bank also received the first Rs 500 crore tranche through direct assignment in October, strengthening its funding mix.