Ujjivan Small Finance Bank (SFB) on July 25 reported a 7 percent year-on-year decline in net profit at Rs 301 crore for the first quarter of the current financial year.
The lender had reported a profit of Rs 324 crore in the year-ago quarter.
Asset quality worsened, with gross non-performing asset (NPA) ratio rising 29 basis points quarter-on-quarter to 0.29 percent. Net NPA ratio was 0.41 percent against 0.28 percent in the previous quarter.
Provisions rose 320 percent at Rs 110 crore. Operating expenses were up 22.8 percent year-on-year at Rs 629 crore.
The stock ended the day at Rs 43.92, down 1.26 percent from the previous close.
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