Q3FY17 Quarterly Results: Ujjivan Financial Services Ltd

Bhagyashree Vivarekar / 19 Jan 2017

Ujjivan Financial Services Ltd. reported its Q3FY17 standalone results during market hours on Thursday. The NII for the quarter grew 6 per cent sequentially and 43.9 per cent YoY to Rs 198.1 crore. This growth was equivalent to the 43.5 per cent YoY growth in its loan book

Ujjivan Financial Services Ltd. reported its Q3FY17 standalone results during market hours on Thursday. The NII for the quarter grew 6 per cent sequentially and 43.9 per cent YoY to Rs 198.1 crore. This growth was equivalent to the 43.5 per cent YoY growth in its loan book.

The company’s provisions for bad loans increased about seven times sequentially and eight times on YoY basis to Rs 54.75 crore.
Its net profit for the quarter decreased 12 per cent YoY to Rs 42.8 crore.
The company’s GNP NNPA for the quarter stood at 0.25 per cent and 0.05 per cent, respectively. The company's disbursements and collections had picked up since January 2017

Ujjivan Financial Services provides full range of financial services. The company has been classified as a systemically important non-deposit accepting NBFC. It has obtained the certificate of registration as an NBFC under section 45 IA of the RBI Act. It operates across 24 states and 209 districts across India.

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