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Ujjivan Financial Services reports Rs 491 cr loss in December quarter

Ujjivan Financial Services on Wednesday reported a consolidated loss of Rs 490.73 crore in the third quarter ended in December 2020.

Ujjivan Financial Services | Q3 results

Press Trust of India  |  New Delhi 

banks, bank rate cuts, lending rates, deposits, savings, investment, schemes, shares, insurance

on Wednesday reported a consolidated loss of Rs 490.73 crore in the third quarter ended in December 2020.

The company had registered a net profit of Rs 74.97 crore in the year-ago quarter.

The company's total income during the October-December period grew by 3.6 per cent to Rs 792.08 crore as against Rs 764.71 crore a year ago, said in a regulatory filing.

Total expenses rose to Rs 1,454.71 crore during the quarter from Rs 664.69 crore a year ago.

Shares of the company closed at Rs 245.90 apiece on BSE, up 2.27 per cent from the previous close.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, February 10 2021. 23:01 IST