Ujjivan Small Finance Bank Limited Q1 results show revenue rise from 1363.89 to 1464.10 crores, a 7.35% increase in growth. EPS also rise from Rs.1.47 to Rs.1.66, up by 12.93%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Ujjivan Small Finance Bank shared its Q1 results on Thursday. They earned 1464.10 crores in revenue this quarter, but that’s more than the 1363.89 crores they made last quarter. The bank’s growth increased by 7.35 percent when comparing the two quarters.
In terms of profits, Ujjivan Small Finance Bank’s PAT (Profit After Tax) for this quarter was 324.07 crores, up from 309.50 crores in the previous quarter. Their quarter-to-quarter growth inclined by 4.71 percent.
The Bank’s EPS (Earnings Per Share) this quarter is Rs.1.66, which is an increase of 12.93% from the Rs.1.47 EPS in the previous quarter.
In addition, Bank’s net NPA (Non-Performing Assets) decreased to 0.06% this quarter from 0.04% in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The bank made a total revenue of 1464.10 crores this year (2023), which is 42.16 percent higher than last year’s total revenue of 1029.92 crores.
This Year’s PAT (Profit After Tax) is 324.07 crores, which is also 59.69% higher than last year’s PAT of 202.94 crores.
The EPS (Earnings Per Share) for this year is Rs.1.66, which is 41.88% more than the EPS of Rs.1.17 earned last year.
Bank’s gross NPA (Non-Performing Assets) dropped to 2.62% this year from 6.51% in the previous year, resulting in a decrease of 389 basis points in the bank’s gross NPA.
In addition, the bank’s net NPA (Non-Performing Assets) decreased to 0.06% this year from 0.11% in the previous year.
The CAR (capital adequacy ratio) of the bank increased to 26.69% percent this year from 20.03% percent in the previous year.
The ROA (return on assets) of the bank increased to 0.97% percent in this quarter from 0.86% percent in the previous year.
Also Read: Bajaj Finserv Q1FY24 Results: Consolidated PAT of Rs. 1,942.63 Cr
Ujjivan Small Finance Bank Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Ujjivan Small Finance Bank:
Ujjivan Small Finance Bank Limited, headquartered in Bangalore, India, started its operations on 1st February 2017. The bank is primarily owned by Ujjivan Financial Services, holding an 80 percent stake.
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