{"id":9066,"date":"2018-02-06T03:38:36","date_gmt":"2018-02-06T03:38:36","guid":{"rendered":"http:\/\/faceinews.com\/?p=9066"},"modified":"2018-02-06T03:38:36","modified_gmt":"2018-02-06T03:38:36","slug":"ujjivan-financial-services-registers-a-net-profit-of-%e2%82%b929-crore-in-q3-fy18-and-reduction-in-nnpa-to-1-04","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=9066","title":{"rendered":"Ujjivan\u00a0Financial\u00a0Services\u00a0registers\u00a0a\u00a0Net\u00a0Profit\u00a0of\u00a0\u20b929\u00a0crore\u00a0in\u00a0Q3 FY18\u00a0and reduction\u00a0in\u00a0NNPA\u00a0to\u00a01.04%"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>Disburse<\/strong><strong>m<\/strong><strong>e<\/strong><strong>n<\/strong><strong>t\u00a0back\u00a0to\u00a0normal\u00a0levels\u00a0with\u00a028%\u00a0growth\u00a0y-o-y,\u00a0NII\u00a0growth\u00a0of\u00a019%\u00a0q-o-q<\/strong><\/p>\n<p><strong>Collectio<\/strong><strong>n\u00a0Efficiency\u00a0of\u00a099.7%\u00a0on\u00a0loans\u00a0disbursed\u00a0since\u00a0Jan\u2019\u00a017<\/strong><\/p>\n<p><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" rel=\"attachment wp-att-7654\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7654\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" alt=\"Faceinews Logo - Copy\" width=\"173\" height=\"43\" \/><\/a><\/p>\n<p><strong>B<\/strong><strong>en<\/strong><strong>g<\/strong><strong>a<\/strong><strong>l<\/strong><strong>u<\/strong><strong>r<\/strong><strong>u \/ Chennai<\/strong><strong>,\u00a0February\u00a05,\u00a02018:\u00a0Ujjivan\u00a0Financial\u00a0Services\u00a0Ltd<\/strong>.\u00a0[BSE:\u00a0539874;\u00a0NSE:\u00a0UJJIVAN],\u00a0the\u00a0\u00a0holding\u00a0company\u00a0and\u00a0promoter\u00a0of\u00a0its\u00a0100%\u00a0subsidiary\u00a0\u201cUJJIVAN\u00a0SMALLFINANCE\u00a0BANK\u201d,\u00a0today\u00a0announced\u00a0its\u00a0consolidated\u00a0financial performance\u00a0for\u00a0the\u00a0quarter\u00a0ended\u00a0December\u00a031,\u00a02017.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Su<\/strong><strong>m<\/strong><strong>m<\/strong><strong>a<\/strong><strong>r<\/strong><strong>y\u00a0<\/strong><strong>o<\/strong><strong>f\u00a0\u00a0Business\u00a0Performance\u00a0\u2013\u00a0Q3\u00a0FY\u00a0\u00a02017-18:<\/strong><\/p>\n<p>The\u00a0financials and\u00a0ratios\u00a0as below are\u00a0based\u00a0on\u00a0consolidated\u00a0numbers:<\/p>\n<p>&nbsp;<\/p>\n<p>v\u00a0\u00a0Gross\u00a0Loan\u00a0Book\u00a0at\u00a0\u20b97,095.28\u00a0crore;\u00a0growth\u00a0of\u00a06.39%\u00a0over\u00a0Q2-FY18\u00a0and\u00a0an\u00a0increase\u00a0of\u00a07.71%\u00a0over\u00a0Q3-FY17<\/p>\n<p>v\u00a0\u00a0Off-balance\u00a0sheet\u00a0portfolio as\u00a0of\u00a0December\u00a031,\u00a02017\u00a0at\u00a0\u20b9168.62\u00a0crore<\/p>\n<p>v\u00a0\u00a0Net\u00a0Loan\u00a0Book\u00a0at\u00a0\u20b96,926.66\u00a0crore;\u00a0\u00a0growth\u00a0of\u00a08.83%\u00a0over\u00a0Q2-FY18\u00a0and\u00a0an increase\u00a0of\u00a014.57%\u00a0over\u00a0Q3-FY17<\/p>\n<p>v\u00a0\u00a0Robust\u00a0disbursements\u00a0at\u00a0\u20b92,134.32\u00a0crore;\u00a0an increase\u00a0of\u00a09.21%\u00a0over\u00a0Q2-FY18\u00a0and an\u00a0increase\u00a0of\u00a028.35%<\/p>\n<p>over\u00a0Q3-FY17<\/p>\n<p>v\u00a0\u00a0New\u00a0business\u00a0from\u00a0January\u00a02017\u00a0is\u00a0at\u00a099.7%\u00a0collection\u00a0efficiency\u00a0and\u00a0constitutes\u00a078%\u00a0of\u00a0the\u00a0portfolio<\/p>\n<p>v\u00a0\u00a0Secured portfolio\u00a0(4%\u00a0of\u00a0book)\u00a0increased by\u00a037.92%\u00a0to\u00a0\u20b9279.54\u00a0crore\u00a0from\u00a0\u20b9202.68\u00a0crore\u00a0in\u00a0Q2-FY18<\/p>\n<p>v\u00a0\u00a0GNPA at\u00a04.24%\u00a0and\u00a0NNPA\u00a0at\u00a01.04%\u00a0in\u00a0Q3-FY18\u00a0as against\u00a04.99%\u00a0and\u00a01.38%\u00a0respectively\u00a0in\u00a0Q2-FY18<\/p>\n<p>v\u00a0\u00a0Provision\u00a0Coverage\u00a0Ratio\u00a0at\u00a076.3%<\/p>\n<p>v\u00a0\u00a0Overall\u00a0PAR\u00a0reduced\u00a0to\u00a0\u20b9384\u00a0crore\u00a0in\u00a0December\u201917\u00a0from\u00a0\u20b9445\u00a0crore\u00a0in September\u201917<\/p>\n<p>v\u00a0\u00a0Deposit base\u00a0at\u00a0\u20b92,437\u00a0crore\u00a0in\u00a0Q3-FY18\u00a0as\u00a0against\u00a0\u20b91,349\u00a0crore\u00a0in Q2-FY18<\/p>\n<p>v\u00a0\u00a01.88 lakh\u00a0new\u00a0borrowers\u00a0added during\u00a0the\u00a0quarter<\/p>\n<p>&nbsp;<\/p>\n<p><strong>M<\/strong><strong>r<\/strong><strong>.\u00a0Samit\u00a0Ghosh,\u00a0MD\u00a0&amp;\u00a0CEO,\u00a0Ujjivan\u00a0Small\u00a0Finance\u00a0Bank\u00a0<\/strong>said,\u00a0\u201cThis\u00a0quarter\u00a0has\u00a0been\u00a0significant\u00a0in\u00a0terms\u00a0of\u00a0return to\u00a0profitability\u00a0with\u00a0good\u00a0growth\u00a0in\u00a0disbursements\u00a0and\u00a0reduction\u00a0ofcredit\u00a0and\u00a0funding\u00a0costs.\u00a0Our\u00a0business\u00a0is\u00a0back to\u00a0normal\u00a0levels with\u00a0increase\u00a0in\u00a0portfolio\u00a0this\u00a0quarter, while\u00a0our\u00a0disbursements\u00a0steadily\u00a0increased\u00a0with\u00a0a\u00a028%\u00a0growth\u00a0year\u00a0on\u00a0year.\u00a0Werecorded\u00a0robust\u00a0growth\u00a0in\u00a0disbursements\u00a0in\u00a0MSE\u00a0and\u00a0Affordable\u00a0Housing\u00a0segments\u00a0this\u00a0quarter\u00a0in-line\u00a0with\u00a0our\u00a0plan.\u00a0The\u00a0collection\u00a0efficiency\u00a0continues\u00a0impressively\u00a0at\u00a099.7%\u00a0for\u00a0allnew\u00a0business\u00a0from\u00a0January\u00a02017\u00a0till\u00a0December.\u00a0We\u00a0are\u00a0also\u00a0on\u00a0track\u00a0in\u00a0our\u00a0transformation\u00a0of\u00a0121\u00a0branches\u00a0into\u00a0full-fledged\u00a0bank\u00a0branches\u00a0spread\u00a0across\u00a020\u00a0states.\u00a0Further,\u00a0by\u00a0opening39\u00a0Unbanked\u00a0Rural\u00a0Centres\u00a0till\u00a0January\u00a02018,\u00a0we\u00a0are\u00a0also spreading\u00a0our reach\u00a0to\u00a0the\u00a0un-served and\u00a0underserved\u00a0people in\u00a0rural areas.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Commenting\u00a0on\u00a0the\u00a0performance\u00a0of\u00a0the\u00a0company\u00a0<strong>Ms.\u00a0Sudha\u00a0Suresh,\u00a0MD\u00a0&amp;\u00a0CEO,\u00a0Ujjivan\u00a0Financial\u00a0Services\u00a0<\/strong>said,\u00a0\u201cWe\u00a0have\u00a0posted\u00a0higher\u00a0NIM\u00a0for\u00a0the\u00a0banking\u00a0operations\u00a0at\u00a011.08%\u00a0in Q3-FY18\u00a0as\u00a0compared to\u00a010.20%\u00a0in\u00a0Q2\u2013FY18. This\u00a0is\u00a0due\u00a0to\u00a0reduction\u00a0in\u00a0finance\u00a0cost\u00a0by\u00a0repayments\u00a0of\u00a0high\u00a0cost\u00a0legacy\u00a0loans\u00a0and\u00a0mobilisation\u00a0of\u00a0deposits\u00a0at lower\u00a0costs.\u00a0Ouraverage\u00a0cost\u00a0of\u00a0funds\u00a0has\u00a0reduced\u00a0to\u00a09.3%\u00a0as\u00a0of\u00a0Q3-FY18\u00a0from\u00a010.4%\u00a0in\u00a0FY17.\u00a0We\u00a0have\u00a0also\u00a0prepaid\u00a0more\u00a0than\u00a0half\u00a0of\u00a0our\u00a0high\u00a0cost\u00a0legacy\u00a0loans\u00a0in\u00a0this\u00a0financial\u00a0year.\u00a0Postscheduled\u00a0bank\u00a0status\u00a0in\u00a0August,\u00a0we\u00a0have\u00a0raised\u00a0significant\u00a0amount\u00a0of\u00a0institutional\u00a0deposits\u00a0including\u00a0certificate\u00a0of\u00a0deposits\u00a0as\u00a0per\u00a0our\u00a0strategy\u00a0for\u00a0the first\u00a0year\u00a0of\u00a0our\u00a0banking\u00a0operations<em>.<\/em>Further,\u00a0credit\u00a0costs\u00a0are\u00a0trending\u00a0down\u00a0quarter\u00a0on\u00a0quarter\u00a0as\u00a0demonetisation impact\u00a0has\u00a0been\u00a0largely\u00a0provided for\u00a0in\u00a0the\u00a0first\u00a0two\u00a0quarters\u00a0of\u00a0this\u00a0financial\u00a0year.\u00a0Our\u00a0branch\u00a0conversion\u00a0hasalso\u00a0been successfully\u00a0implemented as\u00a0per\u00a0our\u00a0strategic\u00a0plans.\u201d<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><strong>S<\/strong><strong>u<\/strong><strong>mm<\/strong><strong>ar<\/strong><strong>y\u00a0<\/strong><strong>o<\/strong><strong>f\u00a0Financial\u00a0Performance\u00a0\u2013\u00a0Q3\u00a0FY\u00a0\u00a02017-18:<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>The\u00a0financials and\u00a0ratios\u00a0as below\u00a0are\u00a0based\u00a0on\u00a0consolidated\u00a0numbers:<\/p>\n<p>&nbsp;<\/p>\n<p>v\u00a0\u00a0Net\u00a0Profit\u00a0at\u00a0\u20b929.32\u00a0crore\u00a0in\u00a0Q3-FY18\u00a0against\u00a0loss\u00a0of\u00a0\u20b911.95\u00a0crore\u00a0in\u00a0Q2-FY18\u00a0due\u00a0to\u00a0lower\u00a0credit\u00a0cost\u00a0of\u00a0\u20b960\u00a0crore\u00a0and reduction\u00a0in finance\u00a0cost\u00a0during\u00a0the\u00a0quarter<\/p>\n<p>v\u00a0\u00a0Total\u00a0Income\u00a0at\u00a0\u20b9384.13\u00a0crore,\u00a0an\u00a0increase\u00a0of\u00a01.61%\u00a0over\u00a0Q2-FY18\u00a0and\u00a0an increase\u00a0of\u00a03.45%\u00a0over\u00a0Q3-FY17<\/p>\n<p>v\u00a0\u00a0Net\u00a0Interest\u00a0Income\u00a0at\u00a0\u20b9195.84\u00a0crore,\u00a0an\u00a0increase\u00a0of\u00a019.00%\u00a0over\u00a0Q2-FY18\u00a0and\u00a0a\u00a0decrease\u00a0of\u00a01.60%\u00a0over<\/p>\n<p>Q3-FY17<\/p>\n<p>v\u00a0\u00a0Net\u00a0Interest\u00a0Margin\u00a0at\u00a011.79%\u00a0in\u00a0Q3-FY18,\u00a0an\u00a0increase\u00a0from\u00a010.55%\u00a0in\u00a0Q2-FY18\u00a0and\u00a0a\u00a0decrease\u00a0from<\/p>\n<p>13.22%\u00a0in\u00a0Q3-FY17<\/p>\n<p>v\u00a0\u00a0Cost\u00a0to\u00a0Income\u00a0ratio\u00a0at\u00a069.05%,\u00a0an increase\u00a0from\u00a068.82%\u00a0in\u00a0Q2-FY18\u00a0and an\u00a0increase\u00a0from\u00a049.33%\u00a0in<\/p>\n<p>Q3-FY17<\/p>\n<p>v\u00a0\u00a0ROA at\u00a01.35%\u00a0and ROE\u00a0at\u00a06.99%\u00a0for\u00a0Q3-FY18\u00a0against\u00a0(0.56%)\u00a0and\u00a0(2.86%)\u00a0respectively\u00a0for\u00a0Q2-FY18<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Disbursement\u00a0back\u00a0to\u00a0normal\u00a0levels\u00a0with\u00a028%\u00a0growth\u00a0y-o-y,\u00a0NII\u00a0growth\u00a0of\u00a019%\u00a0q-o-q Collection\u00a0Efficiency\u00a0of\u00a099.7%\u00a0on\u00a0loans\u00a0disbursed\u00a0since\u00a0Jan\u2019\u00a017 Bengaluru \/ Chennai,\u00a0February\u00a05,\u00a02018:\u00a0Ujjivan\u00a0Financial\u00a0Services\u00a0Ltd.\u00a0[BSE:\u00a0539874;\u00a0NSE:\u00a0UJJIVAN],\u00a0the\u00a0\u00a0holding\u00a0company\u00a0and\u00a0promoter\u00a0of\u00a0its\u00a0100%\u00a0subsidiary\u00a0\u201cUJJIVAN\u00a0SMALLFINANCE\u00a0BANK\u201d,\u00a0today\u00a0announced\u00a0its\u00a0consolidated\u00a0financial performance\u00a0for\u00a0the\u00a0quarter\u00a0ended\u00a0December\u00a031,\u00a02017. &nbsp; Summary\u00a0of\u00a0\u00a0Business\u00a0Performance\u00a0\u2013\u00a0Q3\u00a0FY\u00a0\u00a02017-18: The\u00a0financials and\u00a0ratios\u00a0as below are\u00a0based\u00a0on\u00a0consolidated\u00a0numbers: &nbsp; v\u00a0\u00a0Gross\u00a0Loan\u00a0Book\u00a0at\u00a0\u20b97,095.28\u00a0crore;\u00a0growth\u00a0of\u00a06.39%\u00a0over\u00a0Q2-FY18\u00a0and\u00a0an\u00a0increase\u00a0of\u00a07.71%\u00a0over\u00a0Q3-FY17 v\u00a0\u00a0Off-balance\u00a0sheet\u00a0portfolio as\u00a0of\u00a0December\u00a031,\u00a02017\u00a0at\u00a0\u20b9168.62\u00a0crore v\u00a0\u00a0Net\u00a0Loan\u00a0Book\u00a0at\u00a0\u20b96,926.66\u00a0crore;\u00a0\u00a0growth\u00a0of\u00a08.83%\u00a0over\u00a0Q2-FY18\u00a0and\u00a0an increase\u00a0of\u00a014.57%\u00a0over\u00a0Q3-FY17 v\u00a0\u00a0Robust\u00a0disbursements\u00a0at\u00a0\u20b92,134.32\u00a0crore;\u00a0an increase\u00a0of\u00a09.21%\u00a0over\u00a0Q2-FY18\u00a0and an\u00a0increase\u00a0of\u00a028.35% over\u00a0Q3-FY17 v\u00a0\u00a0New\u00a0business\u00a0from\u00a0January\u00a02017\u00a0is\u00a0at\u00a099.7%\u00a0collection\u00a0efficiency\u00a0and\u00a0constitutes\u00a078%\u00a0of\u00a0the\u00a0portfolio v\u00a0\u00a0Secured portfolio\u00a0(4%\u00a0of\u00a0book)\u00a0increased by\u00a037.92%\u00a0to\u00a0\u20b9279.54\u00a0crore\u00a0from\u00a0\u20b9202.68\u00a0crore\u00a0in\u00a0Q2-FY18 v\u00a0\u00a0GNPA at\u00a04.24%\u00a0and\u00a0NNPA\u00a0at\u00a01.04%\u00a0in\u00a0Q3-FY18\u00a0as against\u00a04.99%\u00a0and\u00a01.38%\u00a0respectively\u00a0in\u00a0Q2-FY18 v\u00a0\u00a0Provision\u00a0Coverage\u00a0Ratio\u00a0at\u00a076.3% v\u00a0\u00a0Overall\u00a0PAR\u00a0reduced\u00a0to\u00a0\u20b9384\u00a0crore\u00a0in\u00a0December\u201917\u00a0from\u00a0\u20b9445\u00a0crore\u00a0in September\u201917 v\u00a0\u00a0Deposit base\u00a0at\u00a0\u20b92,437\u00a0crore\u00a0in\u00a0Q3-FY18\u00a0as\u00a0against\u00a0\u20b91,349\u00a0crore\u00a0in Q2-FY18 v\u00a0\u00a01.88 lakh\u00a0new\u00a0borrowers\u00a0added during\u00a0the\u00a0quarter &nbsp; Mr.\u00a0Samit\u00a0Ghosh,\u00a0MD\u00a0&amp;\u00a0CEO,\u00a0Ujjivan\u00a0Small\u00a0Finance\u00a0Bank\u00a0said,\u00a0\u201cThis\u00a0quarter\u00a0has\u00a0been\u00a0significant\u00a0in\u00a0terms\u00a0of\u00a0return to\u00a0profitability\u00a0with\u00a0good\u00a0growth\u00a0in\u00a0disbursements\u00a0and\u00a0reduction\u00a0ofcredit\u00a0and\u00a0funding\u00a0costs.\u00a0Our\u00a0business\u00a0is\u00a0back to\u00a0normal\u00a0levels with\u00a0increase\u00a0in\u00a0portfolio\u00a0this\u00a0quarter, while\u00a0our\u00a0disbursements\u00a0steadily\u00a0increased\u00a0with\u00a0a\u00a028%\u00a0growth\u00a0year\u00a0on\u00a0year.\u00a0Werecorded\u00a0robust\u00a0growth\u00a0in\u00a0disbursements\u00a0in\u00a0MSE\u00a0and\u00a0Affordable\u00a0Housing\u00a0segments\u00a0this\u00a0quarter\u00a0in-line\u00a0with\u00a0our\u00a0plan.\u00a0The\u00a0collection\u00a0efficiency\u00a0continues\u00a0impressively\u00a0at\u00a099.7%\u00a0for\u00a0allnew\u00a0business\u00a0from\u00a0January\u00a02017\u00a0till\u00a0December.\u00a0We\u00a0are\u00a0also\u00a0on\u00a0track\u00a0in\u00a0our\u00a0transformation\u00a0of\u00a0121\u00a0branches\u00a0into\u00a0full-fledged\u00a0bank\u00a0branches\u00a0spread\u00a0across\u00a020\u00a0states.\u00a0Further,\u00a0by\u00a0opening39\u00a0Unbanked\u00a0Rural\u00a0Centres\u00a0till\u00a0January\u00a02018,\u00a0we\u00a0are\u00a0also spreading\u00a0our reach\u00a0to\u00a0the\u00a0un-served and\u00a0underserved\u00a0people in\u00a0rural areas.\u201d &nbsp; Commenting\u00a0on\u00a0the\u00a0performance\u00a0of\u00a0the\u00a0company\u00a0Ms.\u00a0Sudha\u00a0Suresh,\u00a0MD\u00a0&amp;\u00a0CEO,\u00a0Ujjivan\u00a0Financial\u00a0Services\u00a0said,\u00a0\u201cWe\u00a0have\u00a0posted\u00a0higher\u00a0NIM\u00a0for\u00a0the\u00a0banking\u00a0operations\u00a0at\u00a011.08%\u00a0in Q3-FY18\u00a0as\u00a0compared to\u00a010.20%\u00a0in\u00a0Q2\u2013FY18. This\u00a0is\u00a0due\u00a0to\u00a0reduction\u00a0in\u00a0finance\u00a0cost\u00a0by\u00a0repayments\u00a0of\u00a0high\u00a0cost\u00a0legacy\u00a0loans\u00a0and\u00a0mobilisation\u00a0of\u00a0deposits\u00a0at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-9066","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/9066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9066"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/9066\/revisions"}],"predecessor-version":[{"id":9067,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/9066\/revisions\/9067"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}