Ujjivan Small Finance Bank share price rallies over 6 pc post Q4 earnings

Shares of Ujjivan Small Finance Bank rose over 6 per cent on Wednesday after the company reported a 15 per cent rise in net profit for the fourth quarter ended March 2020.

The company's stock gained 6 per cent to Rs 28.15 on BSE. It rallied 6.40 per cent to Rs 28.25 on NSE.
Ujjivan Small Finance Bank on Tuesday reported a 15 per cent rise in net profit to Rs 73.15 crore for the fourth quarter ended March 2020.

The bank had posted a net profit of Rs 63.78 crore in the year-ago period, it said.

Total income rose to Rs 809.65 crore during the quarter under review from Rs 602.23 crore in the corresponding quarter a year ago.

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The bank expects the mass market to show resilience and recover strongly and the economic package announced by government would also boost recovery and open various opportunities, it said.