Ujjivan Small Finance Bank rallies 4 pc post Q4 earnings
Shares of Ujjivan Small Finance Bank settled with 4 per cent gains on Wednesday after the company reported a 15 per cent rise in net profit for the fourth quarter ended March 2020.
The company's stock, which gained 6 per cent to Rs 28.15 during the day on the BSE, later closed at Rs 27.60, a gain of 3.95 per cent.
It rose by 3.57 per cent to close the trade at Rs 27.50 on the NSE.
Ujjivan Small Finance Bank on Tuesday reported a 15 per cent rise in net profit to Rs 73.15 crore for the fourth quarter ended March 2020.
The bank had posted a net profit of Rs 63.78 crore in the year-ago period, it said.
Total income rose to Rs 809.65 crore during the quarter under review from Rs 602.23 crore in the corresponding quarter a year ago.
The bank expects the mass market to show resilience and recover strongly and the economic package announced by government would also boost recovery and open various opportunities, it said.
