Ujjivan SFB Ltd. Q1 Results; Net Profit Plunged 42%:
To begin with, Ujjivan SFB Ltd. announced, its net loss of Rs. 55 Cr with a 42% loss on July 31st. While the company also posted its consolidated net loss of Rs. 94 Cr in the same quarter last year.
Besides, the company’s loan disbursement stood at Rs. 474 Cr in this quarter ended on 30th June. The company also posted its loan disbursement of Rs. 2,959 Cr in the same quarter last year.
Furthermore, the company on July 31st reported its Q1FY21 result. The company total provision stood at Rs. 140 Cr. Also, its total provision stood at Rs. 19 Cr in the current quarter last year.
Moreover, the company reported its net interest income raised by 30% and stood at Rs. 458 Cr in this quarter.
Ujjivan Small Finance Bank Limited shares traded with a gain of 0.85 points reached 34.85 INR with 2.50% up. Its previous close at 34.00 INR. The company shares traded on the National Stock Exchange.
Stock Market Update:
Stock Market July 31st: On Friday, both Sensex and Nifty seem to trade in a bearish trend in the stock market. The Sensex stood traded loss with 37,606.89 levels and Nifty stood traded loss with 11,073.45 levels. The Sensex declined 129.18 points with a 0.34% loss. Besides, Nifty has declined 28.70 points with a 0.26% loss.
On the other hand, the number of confirmed or coronavirus cases in India reached 16,97,054 as of August 1st, and deaths reached 36,551.
In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market on 31st July. It raised 49.39 points with a 0.36% gain and reached a 13,759.11 level. The S&P BSE Smallcap index raised 105.49 points with a 0.82% gain and reached a 13,021.76 level. However, the Nifty Bank declined 6.80 points with a 0.031% loss and reached a 21,640.05 level.