Shares of Ujjivan Small Finance Financial institution settled with four per cent beneficial properties on Wednesday after the corporate reported a 15 per cent rise in web revenue for the fourth quarter ended March 2020.
The corporate’s inventory, which gained 6 per cent to Rs 28.15 in the course of the day on the BSE, later closed at Rs 27.60, a achieve of three.95 per cent.
It rose by 3.57 per cent to shut the commerce at Rs 27.50 on the NSE.
Ujjivan Small Finance Financial institution on Tuesday reported a 15 per cent rise in web revenue to Rs 73.15 crore for the fourth quarter ended March 2020.
The financial institution had posted a web revenue of Rs 63.78 crore within the year-ago interval, it stated.
Whole earnings rose to Rs 809.65 crore in the course of the quarter beneath evaluation from Rs 602.23 crore within the corresponding quarter a yr in the past.
The financial institution expects the mass market to point out resilience and get better strongly and the financial bundle introduced by authorities would additionally increase restoration and open varied alternatives, it stated.