Strong Profitability; Improving margins aided by lower CoF; Healthy CASA and retail deposits accretion; Book growth driven by secured products; Board has recommended Final Equity Dividend of 15%

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Strong Profitability; Improving margins aided by lower CoF; Healthy CASA and retail deposits accretion; Book growth driven by secured products; Board has recommended Final Equity Dividend of 15%
Strong Profitability; Improving margins aided by lower CoF; Healthy CASA and retail deposits accretion; Book growth driven by secured products; Board has recommended Final Equity Dividend of 15%
Ujjivan Small Finance Bank ltd. [BSE: 542904; NSE: UJJIVANSFB], today
announced its financial performance for the year and quarter ended March 31, 2024
Summary of Ujjivan Small Finance Bank Business Performance – Q4FY24 and FY24
 Assets
 Disbursements were at ₹ 6,681 crore/ ₹ 23,389 crore in Q4FY24/FY24 up 11%/17% YoY
 Affordable Housing $ disbursed ₹ 730 crore/ ₹ 2,284 crore in Q4FY24/FY24 up 66%/64% YoY
 Gross loan book at ₹ 29,780* crore up 24%/7% YoY/QoQ
 Secured book at 30.2% as of Mar’24 vs 28.4% as of Dec’23
 Collection and Asset Quality
 Continued traction on Collections with ~99% efficiency in Mar’24; NDA collection consistently at
~100%
 Portfolio at risk* at 3.5% as of Mar’24; GNPA* stable to 2.1% as of Mar’24 vs 2.1% as of Dec’23;
NNPA* continues to be negligible at 0.3% as on Mar’24
 Q4FY24 write-off at ₹ 65 crore; Provision coverage ratio as on Mar’24 is 87% #
 Deposits
 Deposits at ₹ 31,462 crore as of Mar’24 up by 23%/6% YoY/QoQ
 CASA at ₹ 8,335 crore up 24%/10% YoY/QoQ; CASA ratio at 26.5% as of Mar’24 vs 25.5% as of Dec’23
 Retail TD^ grew 36%/7% YoY/QoQ
 Financials
 Q4FY24/FY24 NII of ₹ 934/₹ 3,409 crore up 27%/ 26% YoY; NIM at 9.4%/ 9.1% for Q4FY24/ FY24
 Cost to Income ratio at 55.7%/ 54.3% in Q4FY24/ FY24
 Q4FY24/ FY24 PPoP at ₹ 519/ ₹ 1,917 crore up 26%/ 29% YoY; Q4FY24/ FY24 PAT of ₹ 330/ ₹ 1,281
crore up 7%/ 17% YoY
 Capital and Liquidity
 Capital adequacy ratio at 24.7% with Tier-1 capital at 22.6%
 Excess system liquidity further moderated during the quarter
 Provisional Daily Average LCR for Mar’24 was 134%
 The board has recommended a final dividend of ₹ 1.5 per share, subject to shareholders approval
Mr. Ittira Davis, MD &CEO, Ujjivan Small Finance Bank said, “Q4FY24 ended marking a strong close to another successful financial year, during which we were able to achieve quality growth. We have successfully completed the amalgamation process between Bank and its holding company. Our secured book improved by 177 bps to 30.2% this quarter. Disbursement during the quarter and year stood at ₹ 6,681 crore and ₹ 23,389 crore respectively. Affordable Housing (including Micro-Mortgages) has done well during the year disbursed ₹ 730 crore and ₹ 2,284 crore for the quarter and year respectively leading to Housing book growth of 45% for FY24. We expect this momentum to continue in the next year as well. Additionally, we are in the final stages of introducing a revamped LOS for the vertical, once completely operational it is expected to further improve business efficiency. Pre-Qualified Top-up loans has also been added to our product suite in the last quarter which will be beneficial for our existing Affordable Housing customers. The budding business segments Gold Loans and Vehicle Finance are generating increasing business month on month leveraging our large customer base and branch presence. Under our MSME vertical LAP products are doing well. We continue to augment our product suite and have onboarded new Fintech partners with a focus to grow our MSME book. This is to further aid in secured contribution to increase. On the deposit front, we continue to build granular and sticky book by improving our customer service and offering enhanced value add products. Our digital products like Digital SA & Digital FD will also help us acquire customer by providing them with seamless digital experience. Our retail deposits growth continues to outpace our bulk deposits growth indicating healthy deposit accretion. CASA book grew by 10% QoQ, sourcing around ₹ 778 crore of CASA during the quarter. CASA ratio improved to 26.5% vs 25.5% last quarter. These resulted in a improvement in our CoF for the quarter. NIMs for the quarter was at 9.4%. We reported a PPoP of ₹ 519 crore supported by our NII growing by 26% YoY and
9% QoQ. Collections remain strong for the quarter with March collection at around 99%. We see credit cost normalising hereon. PAT for the quarter and financial year was ₹ 330 crore and ₹ 1,281 crore up 7% and 17% YoY respectively. Strength of our underlying business continues to reflect in our strong financial performance over last 2 consecutive financial years. We generated a RoA /RoE of 3.5% /26.1% respectively for FY24.