The company’s PAT grew by 133.83% to Rs.177.21 crore in FY16 from Rs.75.78 crore in FY15. Gross AUM increased by 64.58% at Rs.5388.60 crore, with a repayment rate of 99.81% as on 31st March 2016.
Ujjivan Financial Services, the company which recently got listed on BSE and NSE, has reported earnings for the financial year ended March 31, 2016. On the back of FY16 results, shares of Ujjivan Finance are currently trading 13.81% higher at Rs. 303.30 on BSE.
The company’s PAT grew by133.83% to Rs.177.21 crore in FY16 from Rs.75.78 crore in FY15. Gross AUM increased by 64.58% at Rs.5388.60 crore, with a repayment rate of 99.81% as on 31st March 2016.
The healthy growth in our business is mainly due to enhanced scale of operations and improved productivity of existing staff. Additionally, continuous focus on reducing the costs helped us in reporting a 134% growth in our Net Profit. This year we’ll be focusing in transition from an MFI to SFB and build all the required blocks for the same. We are excited about our recent investment in technology over next 5 years, sourced from IT giants for our proposed Small Finance Banking operations as it will help us support the high volume business and to meet security and compliance requirements of different regulatory authorities," Mr. Samit Ghosh, Managing Director & CEO said.
Ms. Sudha Suresh, CFO added, “Our IPO including Pre-IPO placements received excellent investor interest which reflects the strong level of trust and credibility of the company and its management. During the year, we maintained our focus to increase our business in MSE and Housing business while maintaining the growth in micro finance lending. The growth has been led by healthy disbursements and we are confident of creating a strong backbone for the upcoming Small Finance Bank.”
The scrip opened at Rs. 277 and has touched a high and low of Rs. 307.9 and Rs. 275.2 respectively. So far 7025064(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3151.13 crore.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 273.8 on 25-May-2016 and a 52 week low of Rs. 217.05 on 10-May-2016. Last one week high and low of the scrip stood at Rs. 273.8 and Rs. 253 respectively.
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 0 % and 0 % respectively.
The stock is currently trading above its 200 DMA.
The company’s PAT grew by133.83% to Rs.177.21 crore in FY16 from Rs.75.78 crore in FY15. Gross AUM increased by 64.58% at Rs.5388.60 crore, with a repayment rate of 99.81% as on 31st March 2016.
The healthy growth in our business is mainly due to enhanced scale of operations and improved productivity of existing staff. Additionally, continuous focus on reducing the costs helped us in reporting a 134% growth in our Net Profit. This year we’ll be focusing in transition from an MFI to SFB and build all the required blocks for the same. We are excited about our recent investment in technology over next 5 years, sourced from IT giants for our proposed Small Finance Banking operations as it will help us support the high volume business and to meet security and compliance requirements of different regulatory authorities," Mr. Samit Ghosh, Managing Director & CEO said.
Ms. Sudha Suresh, CFO added, “Our IPO including Pre-IPO placements received excellent investor interest which reflects the strong level of trust and credibility of the company and its management. During the year, we maintained our focus to increase our business in MSE and Housing business while maintaining the growth in micro finance lending. The growth has been led by healthy disbursements and we are confident of creating a strong backbone for the upcoming Small Finance Bank.”
The scrip opened at Rs. 277 and has touched a high and low of Rs. 307.9 and Rs. 275.2 respectively. So far 7025064(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3151.13 crore.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 273.8 on 25-May-2016 and a 52 week low of Rs. 217.05 on 10-May-2016. Last one week high and low of the scrip stood at Rs. 273.8 and Rs. 253 respectively.
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 0 % and 0 % respectively.
The stock is currently trading above its 200 DMA.
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