Ujjivan SFB rallies 4 pc on two-fold growth in Q3 profit
Jan 23, 2020, 10:55 IST
New Delhi, Jan 23 () Shares of Ujjivan Small Finance Bank on Thursday rallied over 4 per cent gains on the back of a two-fold growth in the lender's Q3 profit.
On the BSE, the stock was trading 4.48 per cent higher at Rs 53.65.
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On the NSE, the stock rose by 4.38 per cent to Rs 53.60.
The small finance lender on Wednesday said its profit doubled to Rs 90 crore in October-December 2019, helped by improvement in operational efficiency, stable margins and cost controls.
In the year-ago period, the lender had reported a profit after tax of Rs 45 crore. RUJ ANS ANS(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)