Ujjivan SFB going strength to strength

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Highest ever quarterly net profit of ₹203 crore; RoA at 3.4%/ RoE at 28.0%*; Strongest Q1 disbursement in Bank’s history; deposits up 35% Y-o-Y; Continued traction on collection and asset quality improvement; PAR at 7.9%; NNPA at 0.1% Bengaluru, July 26, 2022: Ujjivan Small Finance Bank ltd. [BSE: 542904; NSE: UJJIVANSFB], today announced its financial performance for the quarter ended June 30, 2022. Summary of Ujjivan Small Finance Bank Business Performance – Q1 FY 2022-23  Gross advances at ₹19,409 crore up 38% Y-o-Y and 7% Q-o-Q
 Highest ever disbursements for Q1 – ₹4,326 crore up 230% Y-o-Y
 Total provision is ₹1,260 # crore covering 6.5% of gross advances* as on 30 th Jun’22 (includes ₹220
crore floating provisions; balance ₹30 crore of floating provision has been moved to other provisions to
include in Tier-II capital)
 Continued traction on Collections side at ~99% in Jun’22
 Portfolio at risk continues to decline; 7.9% as of Jun’22* vs 9.6% as on Mar’22
 GNPA/ NNPA declined to 5.9% / 0.1%* as of Jun’22 against 7.1% / 0.6% respectively as of Mar’22; ₹
79 crore written-off in Q1FY23; Provision coverage ratio as on Jun’22 is 98% (including floating
provisions of ₹220 Cr)
 Substantial reduction in restructured book; constitutes 3.4% of gross advances* with provision cover of
59%
 Deposits at ₹18,449 crore as of Jun’22 up by 35% Y-o-Y; Retail deposits at 58% of total deposits
against 48% as of Jun’21; CASA ratio at 28% in Jun’22 vs 20% in Jun’21. Retail banking CASA grew
104% Y-o-Y; contributing 78% to total CASA; healthy retail liability customer acquisition.
 Net Interest Income of ₹600 crore in Q1FY23; Net interest margin at 9.6%* in Q1FY23 against 8.0% in
Q1FY22
 Operating expenses to average assets at 7.1%; Cost to Income ratio at 61% in Q1FY23 vs 65% in
Q1FY22
 PPoP at ₹271 crore vs ₹161 crore in Q1FY22; PAT of ₹203 crore vs ₹(233) crore Y-o-Y
 Capital adequacy ratio at 20.03% with Tier-1 capital at 18.70%; Liquidity coverage ratio at 182% as of
Jun’22

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Mr. Ittira Davis, MD & CEO, Ujjivan Small Finance Bank said, “Q1FY23 marks a perfect all-round great
beginning to FY23. We are very pleased with the outcome of our efforts have been successfully achieved
as we stabilised our business in Q3, turned-around in Q4, and this quarter marks growth and profitability.
On disbursement side, it was strongest ever first quarter reaffirming strong credit demand. We disbursed
₹4,326 crores improving our loan book to ₹19,409* crore up by 38% Y-o-Y. Our deposit book continues
strong growth – up 35% Y-o-Y. Retail deposits and CASA contribute to 58% and 28% of total deposit.
PAR continues to improve, currently at 7.9%* vs. 9.6% as on Mar’22. This is largely due to normalisation
of slippages and strong focus on collections. We continue to hold strong provisioning buffers on our books