Ujjivan Financial Services Shares Jump 16% On Earnings Announcement

Ujjivan Financial Services shares jumped 16 per cent after the lender said its FY16 net profit rose 134 per cent. Ujjivan Financial Services, whose shares made a strong debut in stock markets on May 10, reported a net profit of Rs 177 crore as compared to a net of Rs 76 crore in FY15. 

Total Income of Bangaluru-based Ujjivan Financial Services rose 68 per cent to Rs 1,028 crore in the year ending March 2016. 

Ujjivan Financial Services' net interest income increased 82 per cent to Rs 510 crore in FY16 from Rs 281 crore in FY15. 

Ujjivan Financial Services' net interest margin, a profitability gauge for lenders, improved 70 basis points to 12.3 per cent in FY16 compared to 11.6 per cent in FY15. 

Ujjivan Financial Services' gross non-performing assets (as percentage of total advances) rose marginally to 0.15 per cent compared to 0.07 per cent in FY15. 

Ujjivan Financial Services shares closed 12.24 per cent higher at Rs 298.4 apiece compared to 1.88 per cent gain in the broader Sensex.