Ujjivan financial : Well Begun is half done

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Ujjivan financial services announced its q4fy2016 results, the first results after a hugely successful IPO. The company has turned out fabulous results in line with the growth achieved in past and management guidance before and after IPO.

For the FY 2016 Ujjivan net income stands at 1007 crore (fy15-611 crore ) and net profit stands at 177 crores (76 crores ) which yields an EPS of 17.5 on expanded equity of 101 crore. The EPS for last year was 8.8 on equity of 86 crore.

While Ujjivan’s Micro SME lending business grew 96.45% at Rs.673 crore in FYE 2016 from Rs.342 crore last year, it is the housing finance business which grew leaps and bounds to Rs.207 crore during the year from merely Rs.3 crore in the previous year . NPA’s stood at .15%, a notch higher than .04% earlier.

Ujjivan has put its first foot forward to become a dark horse. I like the company as it works for economically poor and women empowerment.

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