Ujjivan Financial shares tank over 5% post Q4 earnings

Shares of NBFC firm Ujjivan Financial Services today slumped over 5 per cent after the company reported a decline of nearly 65 per cent in consolidated net profit in the quarter ended March 2017.
The scrip plunged 5.33 per cent to end at Rs 381.80 on BSE. During the day, it dropped 6 per cent to Rs 379.
On NSE, it dived 5.47 per cent to close at Rs 381.60.
In terms of volume, 4.80 lakh shares of the company were traded on BSE and over 34 lakh shares changed hands at NSE during the day.
Ujjivan Financial Services today reported a decline of 64.76 per cent in consolidated net profit at Rs 19.35 crore in the quarter ended March 2017.

The company had posted a net profit of Rs 54.91 crore in the corresponding quarter of 2015-16.
Total income during January-March period of 2016-17 was at Rs 340 crore, up 14.10 per cent from Rs 297.97 crore in the same period a year ago, Ujjivan said in a regulatory filing.