Ujjivan Small Finance Bank Q4 profit slumps 75% to ₹83 crore, shares trade 3% lower

Ujjivan Small Finance Bank (SFB) on Wednesday reported a slump of 75% in net profit to ₹83.39 crore for three months ended March 2025, hurt by higher provisions for bad loans.

The bank had posted a net profit of ₹329.63 crore in the year-ago period.

Its total income rose to ₹1,843 crore in the January-March quarter of the financial year 2024-25 (FY25) from ₹1,765 crore in the year-ago period, Ujjivan Small Finance Bank said in a regulatory filing.

Overall provisions, excluding tax, rose to ₹264.50 crore in the quarter under review from ₹79 crore in the same quarter a year ago. Provision Coverage Ratio of the bank stood at 78% at the end of the March 2025 quarter.

The bank's total expenditure, excluding provisions, shot up to ₹1,483 crore from ₹1,246 crore.

On the asset quality front, the bank's gross non-performing assets ratio improved to 2.18% against 2.23% a year ago. However, net NPAs, or bad loans, rose to 0.49% from 0.28% at the end of the fourth quarter last fiscal year.

For the entire financial year 2024-25, Ujjivan Small Finance Bank's net profit plunged to ₹726 crore from ₹1,281.50 crore in the preceding fiscal and total income stood at ₹7,201 crore in FY25 from ₹6,464 crore in FY24.

At 3:28 PM, shares of Ujjivan Small Finance Bank are currently trading 3.19% lower at ₹42.50 apiece on the NSE.