Ujjivan Small Finance Bank Results – Q4FY23 and FY23 

Summary of Ujjivan Small Finance Bank Business Performance – Q4FY23 and FY23 

• Best ever performance across all parameters with PAT at ₹310 crore/₹1,100 crore for Q4/ FY23
• Disbursed ₹6,001 crore /₹20,037 crore for Q4/ FY23;
• Gross loan book up 33% Y-o-Y/ 10% Q-o-Q
• Collections/ asset quality at industry best; PAR at 3.8%; GNPA/NNPA at 2.6%/0.04%
• Deposits up 40% Y-o-Y/ 10% Q-o-Q; Retail TDs^{^} up 69% Y-o-Y/ 10% Q-o-Q

 

• Assets

• • Disbursements were at ₹6,001 crore/ ₹20,037 crore for Q4FY23/ FY23; crossing major milestones
  • All-round growth with Housing and FIG crossing milestone of ₹400 crore/ ₹300 crore quarterly disbursement, disbursing ₹439 crore/ ₹318 crore respectively – highest ever for both the segments
  • Gross loan book at ₹24,085* crore up 33%/10% Y-o-Y/Q-o-Q

• Collection and Asset Quality

• • Continued traction on Collections with ~100% efficiency in Mar’23; NDA collection consistently at ~100%
  • Portfolio at risk at 3.8% as of Mar’23* vs 4.9% as on Dec’22
  • GNPA/ NNPA declined to 2.6% / 0.04%^#* as of Mar’23 against 3.4% / 0.05%^#* as of Dec’22
  • Total of ₹ 67 crore written-off in Q4FY23; Provision coverage ratio as on Mar’23 is 98.4%^#
  • Restructured book falls below 1%; constitutes only 0.9% of gross loan book* with provision cover of ~100% and collection efficiency of 111% in Mar’23

• Deposits

• • Deposits at ₹25,538 crore as of Mar’23 up by 40%/10% Y-o-Y/Q-o-Q
  • Retail TD grew 69%/10% Q-o-Q/Y-o-Y
  • CASA grew 35%/11% Q-o-Q/Y-o-Y taking CASA ratio at 26.4% as on Mar’23
  • Healthy retail liability customer acquisition.
• Financials

• • Q4/ FY23 NII of ₹738 / ₹2,698 crores up 36%/ 52% Y-o-Y; NIM at 9.1%^* for Q4FY23, 9.5% for FY23
  • Cost to Income ratio at 55.2% in Q4FY23 vs 64.0% Y-o-Y; 54.8% for FY23 down from 70.1% Y-o-Y
  • Q4 PPoP at ₹411 crore up 70% Y-o-Y; PAT of ₹310 crore up 145% Y-o-Y; FY23 PPoP at ₹1,485 crore up 133% Y-o-Y; PAT of ₹1,100 crore vs ₹(415) crore in FY22
• Capital and Liquidity
  • Capital adequacy ratio at 25.8% with Tier-1 capital at 22.7%
  • Provisional LCR at 180% as of Mar’23