“The Q4 profits were mainly impacted due to increased operating cost on account of transition to Small Finance Bank (SFB). Further the yield has also got impacted due to investments and reserves for the SLR & CRR, which was complied with from the inception of banking operations. We expect the impact of the higher operating expense and credit costs to continue for the next couple of quarters. However our growth trajectory will continue on a sustained mode” said Sudha Suresh, MD & CEO Ujjivan Financial Services.
At 02:39 pm; the stock was down 6.8% at Rs 356 against 0.01% rise in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 3.5 million shares changed hands on BSE and NSE so far.