Shares of Ujjivan Financial
Services today surged nearly 9 per cent after the company
trimmed its net losses to Rs 11.95 crore for the second
quarter of 2017-18.
The scrip zoomed 8.46 per cent to settle at Rs 373.20 on
BSE. During the day, it jumped 9.56 per cent to Rs 377.
On NSE, shares of the company soared 8.57 per cent to end
at Rs 373.35.
In terms of equity volume, 12.66 lakh shares of the
company were traded on BSE and over one crore shares changed
hands on NSE during the day.
Ujjivan Financial Services has trimmed its net losses to
Rs 11.95 crore for the second quarter of 2017-18 from that of
Rs 73.01 crore in the same quarter of previous fiscal.
Revenues of the company grew by 5.89 per cent to Rs
377.77 crore during the September quarter of 2017-18 from Rs
356.99 crore in same period of year ago.
The net interest income was at Rs 164.57 crore, down
12.48 per cent from same quarter of 2016-17.
Ujjivan Financial Services is the holding company and
promoter of 100 per cent subsidiary Ujjivan Small Finance
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)