Ujjivan Bank Shares Plunge Amidst Profit Slump
Shares of Ujjivan Small Finance Bank fell over 3% after a 75% drop in net profit for the quarter ended March 2025. Despite a rise in total income, higher bad loan provisions significantly impacted the bank's earnings. The stock also saw significant intraday losses on both BSE and NSE.
- Country:
- India
Shares of Ujjivan Small Finance Bank experienced a decline exceeding 3% on Wednesday. This downturn followed the firm's announcement of a substantial 75% decrease in net profit for the quarter ending March 2025.
The stock closed 3.17% lower at Rs 42.51 on the BSE, after plunging 6.37% intraday to Rs 41.10. On the NSE, shares decreased by 3.41%, settling at Rs 42.40.
The bank attributed the profit decline to increased provisions for bad loans, despite a growth in total income from Rs 1,765 crore to Rs 1,843 crore in Q4 FY25. Provisions increased substantially to Rs 264.50 crore from Rs 79 crore year-on-year.
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