Securities has add call on . with a target price of Rs 43. The current market price of Ujjivan Small Finance Bank Ltd. is Rs 29.05.
Ujjivan Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 5492.16 Crore).
Ujjivan Small Finance Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2022.
The Bank has reported Standalone Non Performing Assets (Gross NPAs) at .00 % of total assets and Standalone Net Non Performing Assets (Net NPAs) at .00% of total assets for the quarter ending #LatestQuarterDate.
For the quarter ended 30-09-2022, the company has reported a Standalone Total Income of Rs 1139.83 Crore, up 13.94 % from last quarter Total Income of Rs 1000.42 Crore and up 64.73 % from last year same quarter Total Income of Rs 691.93 Crore. The bank has reported net profit after tax of Rs 294.29 Crore in latest quarter.
On the back of a sharp reversal in NPAs calling for lower credit costs, it raises FY23/24 estimates by 36/35%. It maintains ADD on , with a revised TP of INR43.
Promoters held 147.36 per cent stake in the company as of 30-Sep-2022, while FIIs owned 0.3 per cent, DIIs 18.16 per cent.
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