Ujjivan Monetary Companies share closed over eight% greater right now after the agency reported a virtually 80 per cent leap in its consolidated web revenue for quarter ended March 2020. Share worth of Ujjivan Monetary Companies gained as much as 12.21% to Rs 175.75 in comparison with the earlier shut of Rs 156.40 on BSE. Ujjivan Monetary Companies share has gained 14.53% within the final 2 days.
The inventory opened with a acquire of two.three% at Rs 160 right now. The small cap inventory stands greater than its 5 day and 20 day shifting averages however decrease than 50 day, 100 day and 200 day shifting averages.
Ujjivan Monetary Companies share has misplaced 52% throughout final one yr and fallen 51.23% for the reason that starting of this yr.
Internet revenue for This fall rose to Rs 77.43 crore in opposition to Rs 43.15 crore web revenue in the course of the January-March interval of 2019. Consolidated earnings in This fall rose to Rs 805.20 crore in opposition to Rs 590.01 crore in the identical interval a yr in the past.
For the total fiscal (2019-20), firm’s web revenue on a consolidated foundation practically doubled to Rs 298.66 crore from Rs 150.44 crore within the earlier yr. Complete earnings for all the fiscal rose to Rs 2,969.37 crore from Rs 2013.62 crore in 2018-19.
On standalone foundation, the corporate reported a web lack of Rs 2.86 crore in the course of the March 2020 quarter. There was a web revenue of Rs 11.22 crore in year-ago interval. Complete earnings on standalone foundation fell to Rs 2.51 crore from Rs 13.40 crore.
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In final fiscal, standalone web revenue fell to Rs eight.82 crore from Rs 21.58 crore. Earnings too decreased to Rs 21.24 crore as in opposition to Rs 30.62 crore. Ujjivan Monetary Companies Restricted, previously Ujjivan Monetary Companies Personal Restricted, is a non-banking finance firm engaged within the micro finance lending enterprise.
The corporate’s services and products embrace microfinance, micro and small enterprise enterprise (MSE) finance, agriculture and animal husbandry finance, and housing finance. It operates by roughly 470 branches unfold over 20 states in 4 areas: South, East, North and West.