Moneycontrol PRO
HomeNewsBusinessEarningsUjjivan Financial Q3 profit seen down 37%, provisions may remain high

Ujjivan Financial Q3 profit seen down 37%, provisions may remain high

Profit is expected to be at Rs 27.8 crore in Q3FY18 against Rs 43.9 crore in previous year, according to average of estimates of analysts polled by CNBC-TV18.

February 05, 2018 / 12:01 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Ujjivan Financial Services' third quarter (October-December) profit is expected to fall sharply by 36.7 percent YoY but sequentially there could be improvement from loss of Rs 12 crore in Q2FY18.

    Profit is expected to be at Rs 27.8 crore in Q3FY18 against Rs 43.9 crore in previous year, according to average of estimates of analysts polled by CNBC-TV18.

    Net interest income, the difference between interest earned and interest expended, may fall 3.5 percent year-on-year to Rs 192.5 crore in Q3 but sequentially may increase 17 percent.

    Key things to watch out:

    Provisions for bad loans are expected to remain high.

    Analysts said any improvement in gross non-performing assets (from 4.99 percent in Q2) and net interest margin above 9.5 percent (against 10.55 percent in Q2) will be considered positively by the Street.

    first published: Feb 5, 2018 12:01 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347