Ujjivan Small Finance Bank announced its January-March quarter results for Q4 FY24 on Saturday. Bank has reported a 6.5% year-on-year (YoY) climb in its net profit to ₹329.6 crore in the quarter ended March 2024 compared to ₹309.5 crore in the corresponding period last year.
The private lender bank’s net interest income (NII) – the difference between interest earned and interest paid – surged by 26.4% year-on-year to ₹933 crore in Q4FY24, as against ₹738 crore in Q4FY23. in the year-ago period. Ujjivan SFB informed the exchanges that its board has recommended a “final dividend of ₹1.5 per share”, subject to shareholders approval. The dividend has been declared at a rate of 15% per equity share of face value of ₹10 each. Ahead of the announcement of Q4FY24 results, shares of Ujjivan SFB settled 1.33 per cent higher at ₹53.41 apiece on the BSE.
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