<p>Ujjivan Financial Services, the promoter of its 100% subsidiary Ujjivan Small Finance Bank, on Thursday reported a massive 235% increase in net profit at Rs 64.85 crore compared with Rs 19.35 crore in the same quarter a year ago.</p>.<p>The company's total income stood at Rs 460.90 crore in the fourth quarter, an increase of 35.56% over the same quarter last year.</p>.<p>Its net interest income stood at Rs 210.9 crore in the fourth quarter of the last financial year, an increase of 64.4% over the year-ago period.</p>.<p>However, for the whole fiscal year, the company's net profit decreased 96% at Rs 7.28 crore compared with Rs 207.67 crore in the previous fiscal predominantly due to credit provisioning.</p>.<p>Its diluted EPS stood at Rs 0.6 for FY18 against Rs 17.1 in FY17.</p>.<p>For the full year, the company's total income stood at Rs 1,581.7 crore, an increase of 13.2% over the previous fiscal.</p>.<p>Samit Ghosh, MD and CEO of Ujjivan Small Finance Bank said, “FY 2018 has been a fruitful year for Ujjivan with the completion of our first year of banking operations, despite the significant challenges we faced due to demonetisation. Our portfolio grew by 18.5% y-o-y with significant growth coming from non-MFI portfolio. The loans disbursed since January 2017 show an impressive collection efficiency of 99.6% and hence fresh delinquencies have been contained."</p>.<p>He said in the coming year, its focus will be on building a strong retail deposit base and extending the reach of brand Ujjivan. Its loan book stood at Rs 7,560 crore, an increase of 18.5% over the same quarter a year ago. It has added 7.6 lakh new borrowers during this fiscal year and 2.2 lakh new borrowers in the fourth quarter.</p>.<p>As far as Gross Non-Performing Assets were concerned, it stood at 3.6% and Net Non-Performing Assets at 0.7% in the fourth quarter against 4.2% and 1% respectively in the third quarter of the last fiscal year. </p>.<p>Ujjivan Small Finance Bank serves over 37.1 lakh active customers through 464 branches and 11,242 employees spread across 209 districts and 24 states in India. Its Gross Loan Book stands at Rs 7,560 crore and it has over 187 full service banking outlets with a deposit base of Rs 3,772 crore as of March 31, 2018.</p>.<p>The board has recommended a dividend at the rate of 5% or Rs 0.50 per equity share.</p>
<p>Ujjivan Financial Services, the promoter of its 100% subsidiary Ujjivan Small Finance Bank, on Thursday reported a massive 235% increase in net profit at Rs 64.85 crore compared with Rs 19.35 crore in the same quarter a year ago.</p>.<p>The company's total income stood at Rs 460.90 crore in the fourth quarter, an increase of 35.56% over the same quarter last year.</p>.<p>Its net interest income stood at Rs 210.9 crore in the fourth quarter of the last financial year, an increase of 64.4% over the year-ago period.</p>.<p>However, for the whole fiscal year, the company's net profit decreased 96% at Rs 7.28 crore compared with Rs 207.67 crore in the previous fiscal predominantly due to credit provisioning.</p>.<p>Its diluted EPS stood at Rs 0.6 for FY18 against Rs 17.1 in FY17.</p>.<p>For the full year, the company's total income stood at Rs 1,581.7 crore, an increase of 13.2% over the previous fiscal.</p>.<p>Samit Ghosh, MD and CEO of Ujjivan Small Finance Bank said, “FY 2018 has been a fruitful year for Ujjivan with the completion of our first year of banking operations, despite the significant challenges we faced due to demonetisation. Our portfolio grew by 18.5% y-o-y with significant growth coming from non-MFI portfolio. The loans disbursed since January 2017 show an impressive collection efficiency of 99.6% and hence fresh delinquencies have been contained."</p>.<p>He said in the coming year, its focus will be on building a strong retail deposit base and extending the reach of brand Ujjivan. Its loan book stood at Rs 7,560 crore, an increase of 18.5% over the same quarter a year ago. It has added 7.6 lakh new borrowers during this fiscal year and 2.2 lakh new borrowers in the fourth quarter.</p>.<p>As far as Gross Non-Performing Assets were concerned, it stood at 3.6% and Net Non-Performing Assets at 0.7% in the fourth quarter against 4.2% and 1% respectively in the third quarter of the last fiscal year. </p>.<p>Ujjivan Small Finance Bank serves over 37.1 lakh active customers through 464 branches and 11,242 employees spread across 209 districts and 24 states in India. Its Gross Loan Book stands at Rs 7,560 crore and it has over 187 full service banking outlets with a deposit base of Rs 3,772 crore as of March 31, 2018.</p>.<p>The board has recommended a dividend at the rate of 5% or Rs 0.50 per equity share.</p>