Ujjivan Fin Services shares surge nearly 9 pc post Q2 results

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

Bank.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)