Earnings Call for Q3FY22 of Ujjivan Small Finance Bank
Conference Call with Ujjivan Small Finance Bank Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.07-02-2022
07-02-2022
Q3FY22 Quarterly Result Announced for Ujjivan Small Finance Bank Ltd.
Ujjivan Small Finance Bank declares Q3FY22 result: Strong overall improvement in business under 100-day plan Disbursement up 120% YoY. Deposits up 34% YoY Secular improvement in collections. Dec’21 collections up at 97% NNPA almost halfto 1.7%; PAR reduced to 14.9% Gross advances at Rs 16,463 crore up 21% YoY and 13% QoQ Strong disbursements during the quarter – Rs 4,809 crore up 120% YoY and 54% QoQ Non Micro Banking contributes 33% of total portfolio as against 27% in Dec’20 Secured Advances stand at 31% of the total portfolio as on Dec’21 as against 25% in Dec’20 Total provision is Rs 1,549 crore covering 9.4% of gross advances as on 31st Dec’21 (includes Rs 250 crore COVID floating provisions) GNPA/ NNPA declined to 9.8% / 1.7% as of Dec’21 against 11.8% / 3.3% respectively as of Sep’21; write-off of Rs 152 crore in Q3FY22; Provision coverage ratio as on Dec’21 is 84% (including floating provisions) Total restructured book is 7.5% of gross advances with provision coverage of 44% Deposits at Rs 15,563 crore as of Dec’21 up by 34% YoY; Retail deposits at 53% of total deposits against 48% as of Dec’20; CASA ratio at 26% in Dec’21 vs 18% in Dec’20. Retail banking CASA grew 151% YoY to Rs 3,031 crore, contributes 74% of total CASA; healthy retail liability customer acquisition - 2.1 lakh customers added during the Q3FY22; 5.0+ lakh in 9MFY22 Net Interest Income of Rs 454 crore in Q3FY22; Net interest margin at 9.1% in Q3FY22 against 9.7% in Q3FY21 Operating expenses to average assets at 7.9%; Cost to Income ratio at 74% in Q3FY22 vs 62% in Q3FY21 PPoP at Rs 141 crore vs Rs 71 crore in Q2FY22; PAT of (Rs 34) crore vs (Rs 279) crore YoY Consistent improvement in collections with Dec’21 collection efficiency (against due for the month) at 97% up from 95% in Sep’21; Dec’21 collection efficiency for ex-GNPA/ NDA book was at 99% Improving collections has led to Portfolio at risk declining to 14.9% as of Dec’21 from 18.9% as on Sep’21 Capital adequacy ratio at 19.1% with Tier-1 capital at 17.7%; Liquidity coverage ratio at 138.6% as of Dec’21 Mr. Ittira Davis, MD & CEO, Ujjivan Small Finance Bank said, “We are very happy with our efforts yielding in improved performance. Last couple of months have been challenging due to internal and external issues, despite that we focussed on business and streamlined processes which lead to improved portfolio quality, higher business volumes and reduced attrition, in-line with our 100-day plan. We continue to attract good talent and over last few months have strengthened the leadership team further; our CIO and Head – Digital Banking have already joined while CFO and Head – Internal audit are joining in coming months. Our objectives remain intact and as mentioned on numerous occasion we will continue to strive towards building a diversified asset book and granular liability base. This will be assisted by our robust and evolving digital infrastructure coupled with improving productivity levels. After covering majority of employees under our vaccination drive, we are now helping customers; in a short period of 5 months, we have covered over 60,000 beneficiaries through our branches under ‘Sanjeevani Kavach’ program which we believe is a unique and a necessary step to support our customer base. In last few weeks, Covid cases have risen again leading to a widespread 3 rd wave. Fortunately, the business has not witnessed any major disruption; monthly collections continue to improve even in Jan’22. This was also facilitated by our learnings from the past two waves. Q4 business volumes have started on a steady note and we look forward to step-up the all-round performance delivered in Q3FY22 while we continue to monitor the ground situation closely.” Result PDF07-02-2022
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Ujjivan Small Finance Q3 loss narrows to Rs 34 cr, NII up 5%
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Ujjivan Small Finance Bank Ltd - 542904 - Approval Of Financial Results For The Quarter And Nine Months Ended December 31, 2021
Outcome of the meeting of the Board of Directors - Approval of Financial Results for the quarter and nine months ended December 31, 202105-02-2022
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Outcome of the meeting of the Board of Directors-Approval of Financial Results for the quarter and nine months ended December 31, 202105-02-2022
Ujjivan Small Finance Bank Ltd - 542904 - Update on board meeting
Ujjivan Small Finance Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/02/2022 ,inter alia, to consider and approve Intimation under Regulations 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")30-01-2022