Ujjivan SFB’s remarkable turnaround
Ujjivan SFB’s remarkable turnaround
Turns profitable with net profit of ₹127 crore; RoA at 2.3%/ RoE at 18.7%**;
Strong Business volumes with highest-ever disbursement; deposits up 39% Y-o-Y;
Continued improvement in collections; Mar’22 collections at 100%
Significant improvement in asset quality; NNPA at 0.6%; PAR at 9.6%
New Delhi, May 12, 2022: Ujjivan Small Finance Bank ltd. [BSE: 542904; NSE: UJJIVANSFB], today announced its financial performance for the quarter and year ended March 31, 2022.
Summary of Ujjivan Small Finance Bank Business Performance – Q4 FY 2021-22
Gross advances at ₹18,162* crore up 20% Y-o-Y and 10% Q-o-Q
Highest ever disbursements during the quarter – ₹4,870 crore up 14% Y-o-Y and 1% Q-o-Q
Non Micro Banking contributes 32%* of total portfolio as against 28% in Mar’21
Secured Advances stand at 30%* of the total portfolio as on Mar’22 as against 27% in Mar’21
Total provision is ₹1,330 crore covering 7.3% of gross advances* as on 31st Mar’22 (includes ₹250 crore floating provisions)
GNPA/ NNPA declined to 7.1% / 0.6%* as of Mar’22 against 9.8% / 1.7% respectively as of Dec’21; ₹ 271 crore written-off in Q4FY22; Provision coverage ratio as on Mar’22 is 92% (including floating provisions)
Substantial reduction in restructured book; constitutes 4.7% of gross advances* with provision cover of 47%
Deposits at ₹18,292 crore as of Mar’22 up by 39% Y-o-Y; Retail deposits at 54% of total deposits against 48% as of Mar’21; CASA ratio at 27% in Mar’22 vs 21% in Mar’21. Retail banking CASA grew 141% Y-o-Y contributing 77% to total CASA; healthy retail liability customer acquisition - 2.7 lakh customers added during the Q4FY22
Net Interest Income of ₹544 crore in Q4FY22; Net interest margin at 10.1% in Q4FY22 against 7.9% in Q4FY21
Operating expenses to average assets at 7.7%; Cost to Income ratio at 66% in Q4FY22 vs 68% in Q4FY21
PPoP at ₹217 crore vs ₹155 crore in Q4FY21; PAT of ₹127 crore vs ₹136 crore Y-o-Y
Collections at 100% in Mar’22, further improving from 97% in Dec’21
Portfolio at risk continues to decline; 9.6% as of Mar’22* vs 14.9% as on Dec’21
Capital adequacy ratio at 19.0% with Tier-1 capital at 17.7%; Liquidity coverage ratio at 152% as of Mar’22
Summary of Ujjivan Small Finance Bank Business Performance – FY 2021-22
Disbursement for FY22 at ₹14,113 crore
PPOP of ₹590 crore in FY22 against ₹801 crore in FY21
Net loss of ₹ 415 crore in FY22
Net Interest Income of ₹ 1,774 crore in FY22 against ₹1,729 crore in FY21
Net Interest Margin at 8.8% in FY22 against 9.5% in FY21
Cost to Income ratio increased to 72% in FY22 from 61% in FY21
