Hold Ujjivan Small Finance Bank; target of Rs 33 : Emkay Global Financial
Emkay Global Financial recommended hold rating on Ujjivan Small Finance Bank with a target price of Rs 33 in its research report dated February 03, 2023.06-02-2023
06-02-2023
Ujjivan Small Finance Bank Ltd - 542904 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Intimation of link of recording of the investor call held on February 03, 202303-02-2023
Ujjivan Small Finance Bank Ltd - 542904 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Copy of Newspaper Publication of the Financial Results for the quarter ended December 31, 202203-02-2023
Ujjivan Small Finance Bank Results Earnings Call for Q3FY23
Conference Call with Ujjivan Small Finance Bank Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.02-02-2023
Q3FY23 Quarterly Result Announced for Ujjivan Small Finance Bank Ltd.
Ujjivan Small Finance Bank announced Q3FY23 results: Gross loan book at Rs 21,895 crore up 33% YoY and 5% QoQ Disbursements sustaining Rs 4,000+ crore mark – Rs 4,838 crore in line with Q3FY22; Dec 22 witnessed the highest ever disbursement. Deposits at Rs 23,203 crore as of Dec 22 up by 49% YoY; Retail deposits at 62% of total deposits against 53% as of Dec 21; CASA ratio at 26.2% on Dec 22 vs 26.5% on Dec 21. Healthy retail liability customer acquisition. Continued traction on collections with ~100% efficiency in Dec 22; NDA collection consistently at ~100% Portfolio at risk at 4.9% as of Dec 22 vs 6.1% as on Sep 22 GNPA/ NNPA declined to 3.4% / 0.05% as of Dec 22 against 4.4% / 0.04% respectively as of Sep 22; a total of Rs 179 crore written-off in Q3FY23; Provision coverage ratio as on Dec 22 is 99%. Substantial reduction in the restructured book; constitutes 1.4% of gross loan book with provision cover of 64% and collection efficiency of 98% on Dec 22 Net Interest Income (NII) of Rs 697 crore up 54% YoY; Net interest margin at 9.4% in Q3FY23 against 9.1% in Q3FY22 Operating expenses to average assets at 6.2%; Cost to income ratio at 53.5% in Q3FY23 vs 72% in Q3FY22 PPoP at Rs 389 crore vs Rs 154 crore in Q3FY22; PAT of Rs 293 crore vs Rs (34) crore YoY Capital adequacy ratio at 26.02% with Tier-1 capital at 22.84%; Provisional LCR at 198% as of Dec 22. Mr. Ittira Davis, MD & CEO, Ujjivan Small Finance Bank said, “Q3FY23 was another successful quarter in a row with our balance sheet size crossing the 30K mark this quarter. Overall disbursements for the quarter remained strong driving 5% QoQ growth in the gross loan book. Deposit growth outpaced assets growth taking out the CD ratio toward more comfortable levels. We continued to expand our physical presence; this quarter we added 8 branches and also entered into a new state – Telangana. We will look to add few more branches in Q4 and 50- 70 in FY24. We would continue to leverage our digital capabilities in addition to brick-and-mortar. Our mobile application “Hello Ujjivan” will help us bring more of our customers into the digital ecosystem. Also, we continue to expand our product suite to be more relevant to our target customers and have a larger share of their wallet. Through our wider presence, product suite and services, we not only look to strengthen relationship with our existing base of 73 lakh customers, but also be acquiring new relationships. Update on Reverse Merger: On February 01, 2023, we received the NOC from RBI; the process is on track and we believe to complete the reverse merger by Sep 23. FY23, continue to be a good quarter in multiple ways as we pulled back from a rough patch; lower credit cost and higher bad-debt recoveries added to the tailwind. Going ahead while credit cost would normalise, our underlying business remains strong and poised to grow at a healthy rate. Overall, we remain confident of the business growth and our journey towards becoming a leading mass-market bank.” Result PDF02-02-2023
Ujjivan Small Finance Bank Ltd - 542904 - Financial Results For Quarter And Nine Months Ended December 31, 2022
Financial Results for quarter and nine months ended December 31, 202202-02-2023
Ujjivan Small Finance Bank Ltd - 542904 - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Update on Scheme of Amalgamation - RBI vide its letter today, February 01, 2023, has conveyed its 'no-objection' to our proposal for voluntary amalgamation of Ujjivan Financial Services Limited with Ujjivan Small Finance Bank Limited01-02-2023
Ujjivan Small Finance Bank Ltd - 542904 - Grant Of Esops Under The Bank''s ESOP Scheme.
Ujjivan Small Finance Bank Limited has informed the Exchange regarding Grant of 47393431 Options.27-01-2023
Ujjivan Small Finance Bank Ltd - 542904 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Ujjivan Small Finance Bank Limited has informed the Exchange about Schedule of Quarterly Investor Call25-01-2023
Ujjivan Small Finance Bank Ltd - 542904 - Board Meeting Intimation for Approval Of The Unaudited Financial Results
Ujjivan Small Finance Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/02/2023 ,inter alia, to consider and approve the Unaudited Financial Results of the Bank for the quarter and nine months ended December 31, 2022.20-01-2023