Its net interest income rose 32% YoY to Rs 793 crore, while the net interest margin was down 40 basis points to 9.2% due to the lagged effect of the deposit rate rise. Gross non-performing assets stood at 2.4% against 5.9% a year back. Net NPA was at 0.06%.
Ujjivan Small Finance Bank: Emkay Global has raised its FY24-26 earnings estimates by 5-17 per cent and expect bank to log the best return on asset of 2.5-3.4 per cent and return on equity of 22-28 per cent during the period.
Ujjivan Small Finance Bank s net profit for Q1 2021 increased by 60% to INR 324 crore YoY, with gross loan book up 30% YoY to INR 25,326 crore. Despite a 40 basis point fall in net interest margin (NIM) to 9.2%, net interest income rose 32% YoY to INR 793 crore. Operating profit also surged 52% to INR 458 crore.