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Ujjivan SFB Q4 Results: Net profit rises 6.5% to ₹329 crore, NII up 26% YoY; dividend declared
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Ujjivan Small Finance Bank Q4 Results: Ujjivan Small Finance Bank (SFB) announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Saturday, May 18, reporting a rise of 6.5 per cent to ₹329.6 crore, compared to ₹309.5 crore in the corresponding period last year. The private lender's net interest income (NII) – the difference between interest earned and interest expended --increased 26.4 per cent to ₹933 crore, compared to ₹738 crore in the year-ago period.
The bank's board recommended a final dividend of ₹1.50 per equity share, subject to the approval of shareholders. Ahead of the announcement of Q4FY24 results, shares of Ujjivan SFB settled 1.33 per cent higher at ₹53.41 apiece on the BSE.
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