Ujjivan reports stable numbers for Q1FY19

Ujjivan Financial Services reported net interest income of Rs. 222.4 crore in Q1FY19, an increase of 60.9 per cent over Q1FY18. The financial institution's total income was Rs. 461.7 crore in Q1FY19, an increase of 28.7 per cent over Q1FY18. While the net interest margin stood at 11.6 per cent in Q1FY19, an increase from 9.2 per cent in Q1FY18.

The loan book grew strongly by 20.5 per cent yoy to Rs. 7,787 crore in Q1F19. Further, the disbursements for the quarter also witnessed 22.9 per cent yoy to Rs. 2,092 crore in Q1FY19.

For the quarter, Ujjivan reported significant improvement in asset quality with GNPAs at 2.7 per cent in Q1FY19 as against 3.6 per cent in the previous quarter. While NNPA also improved to 0.3 per cent in Q1FY19 as against 0.7 per cent in the previous quarter.

Lastly, the company reported net profit for the quarter at Rs. 45 crore in Q1FY19 as against a net loss of Rs. 74.9 per cent in Q1FY18.

The stock was trading down by 2.87 per cent at Rs. 388 per share, on Tuesday