Q1 2025 Ujjivan Small Finance Bank Ltd Earnings Call Transcript
Key Points
- Gross loan book increased by 19% YoY and 1% QoQ, reaching INR 30,069 crores.
- Affordable housing segment saw a 42% YoY growth in disbursements, achieving a book size of INR 5,199 crores.
- Total deposits grew by 22% YoY and 3% QoQ, reaching INR 32,514 crores.
- CASA ratio saw a healthy growth of 27% YoY, contributing to 25.6% of total deposits.
- PAT for the quarter was INR 301 crores, resulting in a healthy ROA and ROE of 2.9% and 20.9%, respectively.
- PAR increased to 4.2% in June '24 from 3.5% in March '24, indicating rising stress in asset quality.
- Credit cost rose to INR 110 crores for Q1 FY25 from INR 79 crores in Q4 FY24.
- Slippages increased to INR 192 crores in Q1 FY25 from INR 175 crores in Q4 FY24.
- Operating costs remain a key monitorable with a cost-to-income ratio of 55%.
- Disbursements in affordable housing declined by 40% QoQ due to regulatory changes.
Ladies and gentlemen, good day, and welcome to the Ujjivan SFB Q1 FY '25 earnings conference call hosted by IIFL Securities Limited. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Rikin Shah from IIFL Securities Limited. Thank you, and over to you, sir.
Thank you, Sejal. Good evening, and welcome, everyone, to Ujjivan Small Finance Bank Q1 earnings call. We have with us today the entire senior management team of Ujjivan Small Finance Bank to discuss Q1 FY25 earnings and the business performance.
The management team is represented by Mr. Sanjeev Nautiyal, MD and CEO; Ms. Carol Furtado, Executive Director; Ashish Goel, Chief Credit Officer; M.D. Ramesh Murthy, Chief Financial Officer; Martin P.S., Chief Operating Officer; and Vibhas Chandra, Head of Micro Banking. I will pass on the call to Sanjeev sir, for you to discuss the Q1 earnings. Over to you, sir.
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