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Ujjivan Financial Services consolidated Q1 FY 2017-18 Total Income increase 8.90% to ₹358.64 crore

Bengaluru / Chennai, August , 2017: Ujjivan Financial Services Ltd. [BSE: 539874; NSE: UJJIVAN], the promoter of its 100% subsidiary “UJJIVAN SMALL FINANCE BANK”, today announced its consolidated financial performance for the quarter ended June 30, 2017.

Summary of Business Performance – Q1 FY 2017-18:

All the financials indicated are consolidated numbers

Gross Loan Book at ₹6,459.27 crore; growth of 10.40% over Q1-FY17 and an increase of 1.25% over Q4-FY17

Managed portfolio as on June 30, 2017 at ₹348.57 crore

Net Loan Book at ₹6,110.70 crore; growth of 9.95 % over Q1-FY17 and an increase of 4.08 % over Q4-FY17

Disbursement at ₹1,701.92 crore; decrease of 9.41% over Q1-FY17 and an increase of 20.97% over Q4-FY17

1.76 lakh new borrowers added during the quarter; Total Borrowers stand at 36.25 lakh Collection efficiency back to normal for new business at 99.76% from January to June’17 Secured portfolio increased to ₹150 crore from ₹117 crore in March 2017

GNPA at 6.16% and NNPA at 2.30%, as sticky Nov-Jan over dues rolling over to higher buckets Provisions for Q1 FY 2017-18 at ₹150 crore including ₹43 crore of additional provision to cover hard core NPAs of Nov-Jan period

Provision Coverage Ratio at 64%

Mr. Samit Ghosh, MD & CEO, Ujjivan Small Finance Bank said, “We have taken significant provision in this quarter based on the collection trends in the quarter. We have ensured 100% provision of the hard core NPAsoftheNovember,December&Januaryloanportfolioamountingto₹150crore.Wehavefullydedicated teams engaged on recovery at branches in affected states to optimize overdue collections. In addition we have set up specialized collection teams focussed on over dues over 90 days. This is yielding good results as shownwithoverallreductioninPARinthequarter.Wewillcontinuemonitoringthetrendinthenextquarters and ensure adequate provisioning for the balanceNPAs.

FurtherthecollectionefficiencyforthenewbusinessfromJanuaryisbacktonormalwhichstandsat99.76%. On the business front, we have seen normalcy returning in terms of disbursements across states with disbursement crossing a monthly average of pre-demonetization level. Growth will kick-in from this quarter onwards for overallbusiness.

On the SFB Branch roll out plans, we are on track with 52 branches already rolled out till now and there is a goodinterestfrombothexistingMFIcustomersandopenmarketscustomersintermsofdepositgeneration”

Commenting on the performance of the company Ms. Sudha Suresh, MD & CEO Ujjivan Financial Services said, Our Cost to income in absolute amount is in line with the expectation, however the ratio in percentage terms is higher due to the low base impact of flat loan book and reversal of interest income due to NPA. We expect cost to income ratio to consistently come down during the year.

As we await the schedule bank status, we are confident to raise deposits enabling our funding cost to come down by around 150 bps.

Our CAR is positioned comfortably at 19.83%. We expect this ratio to improve further with the run-down of the grandfathered bank loans. We expect a repayment of around 65-70% of these loans during this financial year

Summary of Financial Performance – Q4 FY 16-17

 All the financials in this presentation are consolidated numbers

Total Income at ₹358.64 crore, an increase of 8.90% over Q1-FY17 and an increase of 5.48% over Q4-FY17

NII at ₹138.22 crore, a decrease of 19.66% over Q1-FY17 and an increase of 7.72% over Q4-FY17 NIM at 9.23 % in Q1-FY18 decreased from 12.96% in Q1-FY17 and an increase from 7.14% in Q4- FY17

Cost to Income ratio at 78%, increased from 45.6% in Q1-FY17 and 76.69 % from Q4-FY17 Net Loss at ₹74.94 crore

Deposit base of ₹403.7 Crore against ₹206.4 crore in March 2017 Average Cost of Deposits is 5.6%

About Ujjivan Financial Services Limited:

UjjivanFinancialServices,isthepromoterandnon-operativeholdingcompanyofits100%subsidiary“Ujjivan Small Finance Bank”, which has started the banking operations from February 2017. Ujjivan SFB serves  over

36.25 lakh active customers through 457 branches and 10,653 employees spread across 209 districts and 24 states in India. Ujjivan’s Gross Loan Book stand at ₹6,459.27 crore. Ujjivan SFB currently has over 52 liability taking branches with deposit base of ₹403.7 crore

Ujjivan also runs a robust financial literacy program in collaboration with Parinaam Foundation which is a non-profit organization apart from its community development & disaster relief programs for customers.

Web:; Twitter: @UjjivanSFB|

Safe Harbour:

Some of the statements in this document that are  not  historical  facts  are  forward-looking statements. These forward-  looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change.  There are risks  and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are notlimited to, the level of market demand for our services, the highly-competitive  market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability  to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and  elsewhere around the world, and  other risks not specifically  mentioned herein but those that are common toindustry.

For further information, please contact:

Ujjivan Financial Services
For Media Queries: For Investor Queries:
Ms. Asha Gopal Ms. Mantasha Mizaj
+91 9769917314 +91 80 40712121


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