 "Micro lenders turn the page with banking licences")
Ujjivan Financial Services soared 10% to Rs 377 on the BSE in intra-day trade after the company announced that its consolidated net loss declined to Rs 11.95 crore in September quarter (Q2FY18) from Rs 74.94 crore in June quarter (Q1FY18).
“The net loss during the quarter declined on account of moderate growth in revenue and consequently higher net interest income (interest earned minus interest expended) and lower credit costs in Q2FY18,” Ujjivan Financial Services said in a statement.
NII during the quarter stood at Rs 165 crore, an increase of 19% over Q1FY18 and a decrease of 12.5%
“The net loss during the quarter declined on account of moderate growth in revenue and consequently higher net interest income (interest earned minus interest expended) and lower credit costs in Q2FY18,” Ujjivan Financial Services said in a statement.
NII during the quarter stood at Rs 165 crore, an increase of 19% over Q1FY18 and a decrease of 12.5%
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