Q4 Results 2022: Ujjivan Small Finance Bank, Siemens, Exim Bank, RBL Bank declare March quarter results; key highlights

Q4 Results 2022: Several listed companies announced March quarter results on Thursday. Among them were Ujjivan Small Finance Bank, Siemens, Exim Bank and RBL Bank. Here are key highlights of the results declared by these companies. 

Ujjivan Small Finance Bank Q4 results 2022: profit falls 7% to Rs 126.5 cr

Ujjivan Small Finance Bank (SFB) on Thursday reported a 7 per cent decline in its net profit to Rs 126.5 crore for the last quarter of the fiscal ended in March 2022.

The bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21.

Total income during the quarter under review increased to Rs 920 crore as against Rs 735 crore in the year-ago period, Ujjivan SFB said in a regulatory filing.

Gross Non-Performing Assets (NPA) deteriorated to 7.34 per cent in the January-March quarter from 7.1 per cent in the corresponding period of the previous year. However, net NPA declined to 0.61 per cent from 2.9 per cent last year.

Capital adequacy ratio of the bank stood at 19 per cent with Tier-1 capital at 17.7 per cent, it said.

For the full year 2021-22, the bank posted a loss of Rs 415 crore from a profit of Rs 8 crore in FY 2021. 

Ujjivan Small Finance Bank shares ended at Rs 16.50 on the NSE, down by nearly 3 per sent. 

Siemens Q4 Results 2022: net profit rises 2.5% to Rs 340 crore in March quarter

Siemens on Thursday posted a 2.5 per cent rise in its consolidated net profit at Rs 340 crore in the quarter ended March 2022.

In the year-ago quarter, the consolidated net profit of the company was Rs 331.5 crore, Siemens said in a BSE filing.

Total income in the quarter under review rose to Rs 4,021.5 crore from Rs 3,540 crore in the same period a year.

Siemens follows its financial year from October to September.

The company said in a statement that for the second quarter of financial year ended on March 31, 2022, Siemens registered a revenue of Rs 3,568 crore, an 8.2 per cent increase over the same quarter of the preceding year.

New orders stood at Rs 5,339 crore, registering a 61.4 per cent increase over the same period last year, it said, adding that the company's order backlog stands at Rs 17,174 crore.

Sunil Mathur, managing director and chief executive officer, Siemens Ltd, said in the statement, "All our businesses have booked strong growth in order income reflecting a clear upswing in both public and private capex spending with high value orders being booked in our mobility segment. Revenues and profitability have been impacted as a result of global supply chain challenges, leading to delays in deliveries and increase in commodity and logistic costs. We expect revenue growth to pick up in subsequent quarters."

Siemens shares ended at Rs 2280 on the NSE on Thursday, down by 1.6 per cent from the previous closing price.

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RBL Bank Q4 Results 2022: net profit doubles in Q4

RBL Bank's consolidated post tax net profit more than doubled to Rs 164.77 crore in the March quarter, mainly due to a low base in the year-ago period.

The city-based private sector lender reported a net profit of Rs 197.83 crore on a standalone basis in the January-March period as against Rs 75.34 crore in the year-ago period. In FY22, it reported a loss of Rs 74.74 crore whereas it had a net profit of Rs 507.78 crore in 2020-21.

For the reporting quarter, its core Net Interest Income (NII) grew 25 per cent to Rs 1,131 crore, despite a tepid 2 per cent advances growth while the Net Interest Margin (NIM) widened sharply to 5.04 per cent.

Its head of strategy Jaideep Iyer on Thursday explained that the NII growth came on the back of a recognition of an interest income on restructured assets which was not being done earlier. The NIM trajectory will also come down to 4.5 per cent level, he said.

The other income declined 7 per cent to Rs 511 crore, which was attributed by Iyer to a reversal of up to Rs 50 crore in fee income.

He said the bank had charged fees on credit cards on aspects like late payments during the moratorium period which has been reversed, and the other income line will normalise going forward.

The bank's interim chief executive and managing director Rajiv Ahuja told reporters that it is targeting for an overall balance sheet growth in the high-teens to the early 20s which will include a retail assets growth of 25 per cent on the back of performance in segments like credit cards, micro loans, housing and used car lending.

On the asset quality front, its stock of gross non-performing assets reduced to 4.40 per cent in the latest March quarter as against 4.84 per cent at the end of the preceding December quarter, as the gross slippages declined to Rs 619 crore from the Rs 766 crore in the quarter-ago period.

It set aside Rs 400.67 crore in overall provisions during the reporting quarter as against Rs 626.64 crore in the year-ago period and Rs 423.88 crore in the quarter-ago period.

Ahuja said the bank took a decision to set aside Rs 187 crore as additional provisioning over and above what is required under the norms in order to strengthen its book and take care of expected losses in the GNPAs and restructured book of Rs 1,964 crore.

With the additional provisioning, which takes the provision coverage ratio to 70.4 per cent, the bank is confident of meeting any challenges and can focus on growth in the new year, Ahuja said, adding that it expects the wholesale advances to grow by up to 15 per cent over a longer term.

The bank had an overall capital adequacy of 16.82 per cent as of March 31, 2022.

Ahuja said the same will go up by 1 percentage point on the back of a USD 100 million fundraise to be completed through a private placement of tier-2 bonds in a few days. There is no need for core equity capital after that, he added.

Shares of the bank closed 6.05 per cent down at Rs 101.75 a piece on the BSE on Thursday as against a 2.14 per cent correction on the benchmark.