Ujjivan SFB Q2: PAT at ₹294 cr on strong growth; stock hits new 52-week high2 min read . Updated: 07 Nov 2022, 02:46 PM IST
- The top-line front of the SFB was also robust. The net interest income (NII) stood at ₹663.24 crore in Q2FY23 -- rising by a whopping 69.47% from ₹391.36 crore posted a year ago same quarter. NII jumped by 10.59% from ₹599.71 crore in Q1FY23.
Bangalore-based Ujjivan Small Finance Bank recorded strong growth in profitability during the quarter ending September 30, 2022 (Q2FY23). It garnered a PAT of ₹294.29 crore in Q2FY23, registering a growth of 45.01% as against a PAT of ₹202.94 crore in Q1FY23. The SFB witnessed a net loss of ₹273.79 crore in Q2 of the previous fiscal. Overall, Ujjivan saw strong growth across parameters in Q2FY23. On the back of impressive Q2, Ujjivan SFB shares soared to touch a new 1-year high.
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