Ujjivan Financials reports strong results.

Ujjivan Financial services reported best quarterly results with strong revenue growth and improving asset quality. The NII for the quarter rose by 76 per cent yoy and 24.3 per cent qoq to Rs. 269 crore in Q4FY18 vs Rs.152 crore in Q4FY17 and Rs.216 crore in Q3FY18.

The interest revenue grew by 34.6 per cent to Rs. 422 crore, while the interest expenses for the quarter declined by 5 per cent to Rs. 153 crore in Q4FY18.

The provisions elevated substantially over the quarter to Rs. 34 crore an increase of 388 per cent yoy vs Rs.7.1 crore in previous year corresponding quarter. For the full year FY18, the provisions rose by 314 per cent yoy to Rs. 310 crore 

The bottom-line more than doubled to Rs. 64 crore in Q4FY18 vs Rs.19.35 crore in Q4FY17. The net profit over the quarter rose by 120 per cent qoq.

The finserv's loan book grew strongly by 18.5 per cent yoy to Rs. 7,560 crore for Q4FY18. While the asset quality also improved with GNPAs at 3.6 per cent in Q4FY18 vs 4.2 per cent previously.

The stock closed  almost 1 per cent up at Rs.407 mark