Ujjivan SFB Q1 Review - Substantial Earnings Beat On Strong Asset Quality: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Ujjivan Small Finance Bank Ltd. delivered a substantial 59% profit after tax beat driven by much lower-than-estimated credit cost (rather negligible), which was underpinned by continuance of strong collection trends on standard non-one-time restructuring pool and encouraging collections even from OTR and non-performing loan portfolios. Consequently, PAR 0 declined to 7.9% as of June versus 9.6% as on March and gross/net non-performing asset declined to 5.9%/0.1% from 7.1%/0.6%.Ujjivan SFB's write-offs in Q1 FY23 were moderate at Rs 790 million (less than 0.5% of gross adv.) versus Rs 2.7 billion in Q4 FY22. Net interest income and pre-provision operating profit were in-line with our estimates and represented 56% and 68% growth on YoY basis. Annualized return on asset and return on equity was at 3.4% and 28% respectively..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Ujjivan SFB Q1 Review - Substantial Earnings Beat On Strong Asset Quality: Yes Securities

Ujjivan SFB Q1 Review - Substantial Earnings Beat On Strong Asset Quality: Yes Securities

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