Ujjivan Small Finance Bank has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The bank has reported over 2-fold jump in its net profit at Rs 309.50 crore for the quarter under review as compared to Rs 126.52 crore for the same quarter in the previous year. Total income of the bank increased by 40.98% at Rs 1,363.89 crore for Q4FY23 as compared to Rs 967.42 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the bank has reported net profit of Rs 1,099.92 crore as compared to net loss of Rs 414.58 crore for the previous year. Total income of the bank increased by 49.85% at Rs 4,754.19 crore for year under review as compared to Rs 3,172.69 crore for year ended March 31, 2022.
