Increasing diversification in Asset Mix;
Secured products contributing strongly; 9MFY25 NIM at 9.0%
Gross loan book at ₹ 30,466 crore up 10% YoY; Secured book at 39% as of Dec’24 vs 35% as of Sep’24;
GNPA / NNPA for the quarter stands at 2.7% / 0.6%; PCR stands at 80% Deposits at ₹ 34,494 crore up 16% YoY; CASA up 15% YoY; CASA ratio at 25%
Chennai: Ujjivan Small Finance Bank ltd. [BSE: 542904; NSE: UJJIVANSFB], today announced its financial performance for the quarter ended December, 2024
Summary of Ujjivan Small Finance Bank Business Performance – Q3FY25
- Assets
- Gross loan book at ₹ 30,466* crore up 9.8% YoY / 0.4% QoQ
- Secured book at 39.3% as of Dec’24 vs 28.3% as of Dec’23 / 34.9% as of Sep’24
- Secured book up 13.3% QoQ and 52.0% YoY
v Collection and Asset Quality
- Overall Collection Efficiency at ~96% in Dec’24;
- Bucket X collection efficiency improving for Group and Individual Loan book; at 99.3% as of Dec’24
- Portfolio at Risk*/GNPA*/NNPA* at 5.4%/2.7%/0.6% respectively as of Dec’24; for Sep’24 at 5.1%/ 2.5%/ 0.6% respectively; Q3FY25 write-off at ₹ 30 crore;
- Accelerated Provision taken in Q3 of ₹ 30 crore; Provision coverage ratio as of Dec’24 is 80%#
v Deposits
- Deposits at ₹ 34,494 crore as of Dec’24 up 16.3% YoY / 1.2% QoQ
- CASA at ₹ 8,662 crore up 15% YoY; CASA ratio at 25.1% as of Dec’24
- Retail TD^ continues to grow and as of Dec’24 is ₹ 16,612 crore, up 29.5% YoY / 4.4% QoQ
v Financials
- Q3FY25 NII of ₹ 887 crore up 3.1% YoY; NIM at 8.6% for Q3FY25
- Opex to Avg assets improved to 6.2% in Q3FY25 vs 6.4% in Q2FY25
- Q3FY25 PPoP at ₹ 359 crore; Q3FY25 Adjusted$ PAT at ₹ 132 Crore
- Q3FY25 Adjusted$ RoA / RoE at 1.2% / 8.8%
v Capital and Liquidity
- Capital adequacy ratio at 23.9%
- Provisional Daily Average LCR for Dec’24 was 130.4%
* Without adjusting IBPC & Securitization of ₹ 199 crore / ₹ 579 crore / ₹ 1,596 crore as on Dec 2024 / Sep 2024 / Dec 2023
^ Retail TDs are TDs less than ₹ 3 crore
# Floating provision of ₹ 250 crore continues to be on books & can be utilized for making specific provisions in future during extraordinary circumstances, with prior approval from the RBI. Of this ₹ 30 crore was moved to Tier II capital in Jun’22 and ₹170 crore is earmarked for PCR calculation.
$ Adjusted for accelerated provision of ₹ 30 crore