Disbursement up 17%/ 19% YoY for Q3FY24/9MFY24; Gross loan book up 27% YoY;
Secured book at 28.3% as of Dec’23 vs 27.5% as of Sep’23;
Asset quality continues to be healthy with GNPA/NNPA at 2.1%/0.16% & PAR at 3.6%;
Deposits at ₹29,669 crore up 28% YoY; CASA up 24% YoY; CASA ratio at 25.5%;
RoA /RoE at 3.1% /24.2% for Q3FY24
Chennai: Ujjivan Small Finance Bank ltd. [BSE: 542904; NSE: UJJIVANSFB], today announced its financial performance for the nine month and quarter ended December 31, 2023
Summary of Ujjivan Small Finance Bank Business Performance – Q3FY24 and 9MFY24
- Assets
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- Disbursements were at ₹ 5,675 crore/ ₹ 16,708 crore in Q3FY24/9MFY24 up 17%/19% YoY
- Affordable Housing$ disbursed ₹ 595 crore/ ₹ 1,554 crore in Q3FY24/9MFY24 up 73%/63% YoY
- Gross loan book at ₹27,743* crore up 27%/4% YoY/QoQ
- Secured book at 28.3% as of Dec’23 vs 27.5% as of Sep’23
- Collection and Asset Quality
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- Continued traction on Collections with ~99% efficiency in Dec’23; NDA collection consistently at ~100%
- Portfolio at risk* at 3.6% as of Dec’23; GNPA* declined to 2.1% as of Dec’23 vs 2.2% as of Sep’23; NNPA* continues to be negligible at 0.16% as on Dec’23
- Q3FY24 write-off at ₹ 93 crore; Provision coverage ratio as on Dec’23 is 92%#
- Deposits
-
- Deposits at ₹ 29,669 crore as of Dec’23 up by 28%/2% YoY/QoQ
- CASA at ₹ 7,556 crore up 24%/8% YoY/QoQ; CASA ratio at 25.5% as of Dec’23 vs 24.1% as of Sep’23
- Retail TD^ grew 40%/9% YoY/QoQ
- Financials
-
- Q3FY24 NII of ₹ 860 crores up 23% YoY; NIM at 8.8% for Q3FY24 vs 8.8% for Q2FY24
- Cost to Income ratio at 56% in Q3FY24 vs 53% for Q3FY23
- Q3FY24 PPoP at ₹ 457 crore up 18% YoY; PAT of ₹ 300 crore up 2% YoY
- Capital and Liquidity
- Capital adequacy ratio at 24.37% with Tier-1 capital at 21.97%
- Excess system liquidity further moderated during the quarter
- Provisional Daily LCR at 137% as on 31st Dec’23 vs 158% as on 30th Sep’23