Ujjivan Financial has posted more than three-fold rise in its consolidated net profit at Rs.64.86 crore for the quarter ended March 2018.

The company had posted a net profit of Rs 19.35 crore in the same period last year. Income during the March quarter rose to Rs.460.90 crore from Rs.340 crore in the same period a year ago.

Furthermore, Gross non performing assets (NPAs) stood at 3.6% of the gross advances at end March 2018 and net NPAs at 0.7%. There were prudential write offs of Rs.177 crore in 2017-18 (covered by provisions) and the provision coverage ratio came in at 81.5%.

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