Ujjivan Financial Services Q2 PAT at Rs 443 mn, vs Rs 120 mn loss last yr

Ujjivan plans to expand its branch network to 475 by the end of FY19

Ujjivan Financial Services posted a net profit of Rs 443 million in the second quarter ended September 30, 2018, as compared to a net loss of Rs 120 million in the corresponding quarter of the previous financial year.

Over the past year, the company's loan book has grown by 25 per cent to Rs 83.17 billion during the September quarter in the financial year (FY19).

Samit Ghosh, managing director and Chief Executive Officer at Ujjivan Small Finance Bank said, “We expect the growth to pick-up in H2 leading to 30-35 per cent Assets under Management (AUM) growth in FY19. The