Ujjivan Small Finance Bank Q2 Profit Surges 3-Fold to Rs 365 Cr

New Delhi: Ujjivan Small Finance Bank on Friday reported nearly a three-fold jump in net profit to Rs 365 crore in the September quarter of FY27, supported by lower provisions.

The bank had posted a net profit of Rs 122 crore in the year-ago period.

Total income increased 26 per cent to Rs 2,449 crore in the July-September quarter of FY27 from Rs 1,939 crore in the corresponding quarter of the previous fiscal year, the small finance bank said in a stock exchange filing.

Provisions for bad loans declined to Rs 103 crore in the quarter under review from Rs 235 crore in the year-ago period.

The bank’s gross loan book rose 32.1 per cent year-on-year to Rs 45,699 crore, with secured share increasing to 52.1 per cent.

Separately, the bank’s board approved fundraising through preferential issue of Rs 409 crore  from International Finance Corporation, Bajaj Life Insurance, HDFC Life Insurance and Aditya Birla Sun Life Insurance, subject to shareholders’ approval.

Shares of the small finance bank settled 2.17 per cent lower at Rs 63.48 on the BSE.

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