UJJIVAN FINANCIAL SERVICES Announces Quarterly Results (1QFY22); Net Profit Down 227.5%

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UJJIVAN FINANCIAL SERVICES Announces Quarterly Results (1QFY22); Net Profit Down 227.5%
Mon, 16 Aug

UJJIVAN FINANCIAL SERVICES has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

UJJIVAN FINANCIAL SERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Operating incomeRs m7,8387,1677,004-2.3%-10.6%
Other incomeRs m445155357130.1%-19.8%
Total revenuesRs m8,2837,3227,3610.5%-11.1%
InterestRs m2,9422,7522,658-3.4%-9.6%
Gross Profit Rs m4,5483,7933,9494.1%-13.2%
Other expensesRs m3,9342,8095,635100.6%43.2%
Profit before taxRs m1,0591,139-1,329-216.7%-225.5%
TaxRs m280299-336-212.4%-220.0%
Profit after taxRs m779840-993-218.3%-227.5%
Gross profit margin %58.052.956.4
Effective tax rate%26.426.325.3
Net profit margin%9.911.7-14.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter fell 10.6% on a year-on-year (YoY) basis. The interest expended was down by 9.6% YoY during the same period.
  • The bank's operating profit declined by 13.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 56.4% in 1QFY22 as against 58.0% in 1QFY21.
  • Other income declined by 19.8% YoY during the quarter.
  • Net profit for the quarter declined by 227.5% YoY. Net profit margins during the quarter declined from 9.9% in 1QFY21 to -14.2% in 1QFY22.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 2.3% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 3.4% QoQ during the same period.
  • The bank's operating profit increased by 4.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 56.4% in 1QFY22 as against 52.9% in 4QFY21.
  • Net profit for the quarter declined by 218.3% QoQ, while net profit margins declined from 11.7% in 4QFY21 to -14.2% in 1QFY22.

To see how UJJIVAN FINANCIAL SERVICES has performed over the last eight quarters,please visit here.

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UJJIVAN FINANCIAL SERVICES Share Price Performance

Over the last one year, UJJIVAN FINANCIAL SERVICES share price has moved down from Rs 237.8 to Rs 207.4, registering a Loss of Rs 30.4 or around 12.8%.

Overall, the S&P BSE SENSEX is up 44.9% over the year.

Current Valuations

At the current price of Rs 207.4, the price to book value (P/BV) ratio of UJJIVAN FINANCIAL SERVICES stands at 0.9 times.

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