Ujjivan Small Finance Q3 Results Review - Sustained Strong Performance: Yes Securities

Yes Securities Report

Ujjivan Small Finance Bank Ltd.’s sustained strong performance was characterised by -

1. Brisk loan growth of 27% YoY,

2. Robust accretion of granular deposits (improvement in current account saving account share),

3. Stable net interest margin,

4. Firm asset quality (modest credit cost) and

5. Robust return on asset / return on equity of 3.1%/24%.

Ujjivan Small Finance Bank delivered a mild beat on our net interest income/pre-provision operating profit /profit after tax estimates. Commentary from the management remains sturdy with no change in outlook for balance sheet growth, cost/income ratio and long-term return on equity.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.