Rising Larger & Stronger Constantly
NII at ₹ 823 crore up 24% Y-o-Y; PAT at ₹ 328 crore up 11% Y-o-Y
Disbursed ₹ 5,749 crore / ₹ 11,033 crore in Q2FY24/H1FY24; Gross mortgage ebook up 27% Y-o-Y
Asset high quality continues to be wholesome with GNPA/NNPA at 2.2%/0.09% & PAR at 3.7%;
Deposits at ₹29,139 crore up 43% Y-o-Y; Retail TDs^ up 56% Y-o-Y
Bengaluru, Friday 27 October, 2023: Ujjivan Small Finance Financial institution ltd. [BSE: 542904; NSE: UJJIVANSFB], at present slot gacor gampang menang introduced its monetary efficiency for the quarter ended and half 12 months ended September 30, 2023
Abstract of Ujjivan Small Finance Financial institution Enterprise Efficiency – Q2FY24 and H1FY24
- Belongings
- Disbursements had been at ₹ 5,749 crore/ ₹ 11,033 crore in Q2FY24/H1FY24 up 18%/20% Y-o-Y
- Inexpensive Housing$ disbursed ₹ 541 crore/ ₹ 959 crore in Q2FY24/H1FY24 up 69%/58% Y-o-Y
- Gross mortgage ebook at ₹26,574* crore up 27%/5% Y-o-Y/Q-o-Q
- Assortment and Asset High quality
- Continued traction on Collections with ~99% effectivity in Sep’23; NDA assortment constantly at ~100%
- Portfolio in danger* at 3.7% as of Sep’23
- GNPA* declined to 2.2% as of Sep’23 vs 2.4% as of Jun’23; NNPA* continues to be negligible at 0.09% as on Sep’23
- Whole of ₹ 56 crore written-off in Q2FY24; Provision protection ratio as on Sep’23 is 96%#
- Deposits
- Deposits at ₹29,139 crore as of Sep’23 up by 43%/9% Y-o-Y/Q-o-Q
- Retail TD^ grew 56%/8% Y-o-Y/Q-o-Q
- CASA grew 28%/7% Y-o-Y/Q-o-Q; CASA ratio at 24.1% as on Sep’23
- Nationwide model marketing campaign and launch of value-add merchandise yielding outcomes
- Financials
- Q2FY24 NII of ₹823 crores up 24% Y-o-Y; NIM at 8.8%* for Q2FY24
- Price to Revenue ratio at 52.2% in Q2FY24 vs 52.5% for Q2FY23
- Q2FY24 PPoP at ₹483 crore up 26% Y-o-Y; PAT of ₹328 crore up 11% Y-o-Y
- Capital and Liquidity
- Capital adequacy ratio at 25.2% with Tier-1 capital at 22.5%
- Provisional LCR at 158% as on 30 Sep’23
Mr. Ittira Davis, MD & CEO, Ujjivan Small Finance Financial institution stated, “Q2FY24 was one more spectacular quarter when it comes to enterprise efficiency. Enterprise momentum continued its sturdy uptrend as seen within the earlier quarters. Disbursements at ₹ 5,749 crore was sturdy registering a sturdy progress of 18% Y-o-Y and 9% Q-o-Q. Our secured ebook in Inexpensive Housing and FIG continues their sturdy efficiency. Additional, our newer choices like Gold loans and two-wheeler loans focused to fulfill rising wants of our buyer base is enhancing our product suite and can consequently assist progress. To offer additional impetus to progress and model consciousness, we’ve launched a number of initiatives throughout the quarter similar to, launch of nation-wide model marketing campaign and value-add legal responsibility merchandise concentrating on to reinforce and deepen model recall amongst our current and potential stakeholders. Additional we’ve additionally opened 39 new branches, taking our complete department depend to 700. In H2 we can be including ~45 extra branches, it will embody splitting of few branches to higher handle the volumes. All these efforts have resulted in wholesome progress of liabilities for our Financial institution. Our CASA has crossed ₹ 7,000 crore mark, rising by 28% Y-o-Y and seven% Q-o-Q. Additional, our Retail TDs + CASA grew 44% Y-o-Y to ₹ 18,818 crore. Q2FY24 was one more quarter the place we marked ₹300 crore+ PAT. This was supported by our wholesome NII rising by 24% Y-o-Y and 4% Q-o-Q. Nevertheless, Price of funds remained elevated within the present quarter as nicely, resulting in NIM compression of 43 bps vs final quarter. We proceed to stay to our steerage on mortgage and deposit ebook progress. Additional we’re additionally assured to keep up credit score value beneath 100 bps. Our sturdy concentrate on different initiatives similar to ‘Good day Ujjivan’ is gaining acceptance amongst prospects with 4.3 Lakhs downloads until date and complete repayments of greater than ₹ 40 crore in Q2FY24. ‘Digital FDs’ which was not too long ago launched can also be anticipated to carry enterprise within the upcoming quarters.
On merger with our promoter, as per order acquired from the Hon’ble NCLT, shareholder’s EGM is being convened on 3rd Nov’23 by the Financial institution in addition to Ujjivan Monetary Companies. As soon as the merger is permitted by the shareholders of each the businesses, we are going to proceed with the remaining procedural and regulatory points. We count on the merger to be accomplished in Q4FY24.”
About Ujjivan Small Finance Financial institution Restricted:
Ujjivan Small Finance Financial institution Restricted is a small finance financial institution licensed below Part 22 (1) of the Banking Regulation Act, 1949 to hold on the enterprise of small finance financial institution in India. Financial institution serves ~79 lakh prospects by 700 branches and 21,040 workers unfold throughout 305 districts and 26 states and union territories in India. Gross mortgage ebook stands at ₹26,574 crore with a deposit base of ₹29,139 crore as of Sep 30, 2023.
‘We consistently attempt to make sure sturdy company tradition which emphasizes on integrating CSR values with enterprise aims. We work with communities in navigating the unprecedented challenges primarily centered on healthcare, catastrophe reduction, Covid reduction, livelihood for particularly abled folks, schooling, and neighborhood infrastructure improvement.’
Protected Harbour:
Some of the statements in this doc that are not historic information are forward-loooking statements. These forward– loooking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the marokets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward–loooking statements. These risks include, but are not limited to, the level of maroket demand for our services, the highly-competitive maroket for the types of services that we offer, maroket conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and maroket conditions in India and elsewhere around the world, and other risoks not specifically mentioned herein but those that are common to industry.
