Ujjivan SFB stays in red, net loss widens in Q2 to Rs 274 cr sequentially

Provisions stay elevated in Q2; though lower than Q1

Troubled lender Ujjivan Small Finance Bank (SFB) posted a net loss of Rs 274 crore in second quarter ended September 2021 (Q2FY22), on erosion in interest margin and burden of provisions for stressed loans.

It had booked a net profit of Rs 96 crore in the second quarter of previous financial year (Q2FY21). Sequentially, its net loss rose from Rs 233 crore in the first quarter ended June 2022 (Q1Fy22).

Its net interest income (NII), interest earned minus expenses, declined sharply to Rs 391 crore in Q2Fy22 from Rs 470 crore in Q2Fy21. Sequentially, also NII fell from Rs 384.4 crore in