The counter touched a low of Rs 165 versus the previous close of Rs 170.90 on the National Stock Exchange.
In the same period a year ago, Ujjivan had reported a net profit of Rs 96 crore. On a sequential basis, however, the beleaguered lender’s net loss climbed from Rs 233 crores in April-June, an exchange filing showed.
For the quarter under review, net interest income plummeted to Rs 391 crore from Rs 470 crore a year ago.
The net interest margin also declined sequentially, registering a decline of 8.1 per cent in the September quarter as against 10.2 per cent a year ago, the release showed.
Provisions and contingencies skyrocketed to Rs 437 crore in the July-September period from Rs 98 crore a year ago. The gross non-performing asset ratio was at 11.8 per cent as of September 30 a whopping rise from 1.2 per cent a year ago and 9.79 per cent a quarter ago.
