Ujjivan SFB on a high

Ujjivan Small Finance Bank (SFB) posted its best-ever performance across all parameters for Q1FY24. Its PAT came in at Rs.309 crore, up 145% (YoY).

NII for the quarter was at Rs.738 crore, up 36%.

In terms of assert quality, the news was great – Gross NPA dipped from 3.64% to 2.88% (QoQ) and there was improvement in Net NPA too – down from 0.05% to 0.04%.

The Bank’s deposits grew 40% (YoY) to Rs.25,538 crore while CASA ratio was at 26.4%.

The market has obviously given these numbers a big thumbs up with the stock price going on to hit a new 52-week high at Rs.49.13, up11%.