Ujjivan Financial Services fall 7% on weak Q4 results

The stock dipped 7.6% to Rs 353 on BSE in noon deal trade.

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Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

SI Reporter Mumbai

Last Updated : May 02 2017 | 3:03 PM IST

Ujjivan Financial Services has dipped 7.6% to Rs 353 on BSE in noon deal trade after the company reported a sharp 64.8% year on year (YoY) decline in its consolidated net profit at Rs 19.35 crore for the quarter ended March 2017 (Q4FY17). The company had posted a net profit of Rs 54.91 crore in the corresponding quarter of 2015-16.

There was a decrease in the company's net interest income to Rs 128 crore, down 15.5% from the year-ago period. Net interest margin (NIM) decreased to 8.61% in Q4FY17 from 12.65% in Q4FY16 and 13.22% in Q3FY17.

“The

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