Q4 Results 2022: Ujjivan Small Finance Bank, Siemens, Exim Bank, RBL Bank

Q4 Results 2022: Several listed companies announced their March quarter results on Thursday. Among them were Ujjivan Small Finance Bank, Siemens, Exim Bank and RBL Bank. Here are the main highlights of the results announced by these companies:

Ujjivan Small Finance Bank Q4 Result 2022: Profit down 7% to Tk 126.5 crore

Ujjivan Small Finance Bank (SFB) on Thursday reported a 7 per cent decline in its net profit to Rs 126.5 crore for the last quarter of the financial year ending March 2022.

The bank had posted a net profit of Rs 136 crore in the same quarter before the 2020-21 financial year.

Total revenue rose to Rs 920 crore in the quarter under review from Rs 735 crore a year ago, Ujjivan SFB said in a regulatory filing.

In the January-March quarter, gross non-performing assets (NPAs) declined to 7.34 percent from 7.1 percent in the same period last year. However, net NPAs fell to 0.61 per cent from 2.9 per cent last year.

The bank’s capital adequacy ratio stood at 19 per cent and Tier-1 capital stood at 17.7 per cent, it said.

For the full year 2021-22, the bank has made a loss of Rs 415 crore from a profit of Rs 8 crore in FY 2021.

Shares of Ujjivan Small Finance Bank closed at Rs 16.50 on the NSE, down nearly 3 per share.

Siemens Q4 Results 2022: Net profit rises 2.5% to Rs 340 crore in March quarter

Siemens on Thursday reported a 2.5 percent increase in its consolidated net profit for the quarter ended March 2022 to Rs 340 crore.

The company had consolidated net profit of Rs 331.5 crore in the year-ago quarter, Siemens said in a BSE filing.

Total revenue for the quarter under review rose to Rs 4,021.5 crore from Rs 3,540 crore in the same period last year.

Siemens follows its fiscal year from October to September.

The company said in a statement that in the second quarter of the fiscal year ended March 31, 2022, Siemens earned Rs 3,568 crore, an increase of 8.2 percent over the same quarter a year earlier.

New orders stood at Rs 5,339 crore, an increase of 61.4 per cent over the same period last year, it said, adding that the company’s order backlog stood at Rs 17,174 crore.

Sunil Mathur, Managing Director and CEO of Siemens Limited, said in a statement: “All of our businesses have seen strong growth in order revenue which reflects a clear increase in both public and private capex costs with high priced orders booked in our mobility segment. Global supply chain “As a result, revenue and profits have been affected, which has led to delays in delivery and increased product and logistics costs. We expect revenue growth to increase in the next quarter.”

Siemens shares closed at Rs 2,280 on the NSE on Thursday, down 1.6 percent from the previous closing price.

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RBL Bank Q4 Results 2022: Net Profit Doubles in Q4

In the March quarter, RBL Bank’s consolidated after-tax profit more than doubled to Rs 164.77 crore, mainly due to lower base in the year-ago period.

The city-based private sector lenders posted a net profit of Rs 197.83 crore on an individual basis during January-March, compared to Rs 75.34 crore in the previous year. In FY22, it reported a loss of Rs 74.74 crore whereas it had a net profit of Rs 507.78 crore in 2020-21.

For the reporting quarter, its net interest income (NII) rose 25 per cent to Rs 1,131 crore, although net interest margin (NIM) widened sharply to 5.04 per cent despite a 2 per cent advance growth.

Its chief strategist, Joydeep Iyer, explained on Thursday that the NII increase was behind the recognition of interest income on restructured assets, which had not been done before. The NIM trajectory will also come down to 4.5 percent, he said.

Other income fell 7 per cent to Rs 511 crore, which was blamed by Iyer for reversing the fee income up to Rs 50 crore.

He said the bank had levied fees on credit cards on aspects such as late payments at the time of suspension which had been reversed and other income lines would be normal towards the front.

Rajiv Ahuja, the bank’s interim chief executive and managing director, told reporters that it was working to increase the overall balance sheet from high-teen to early 20s, which would include a 25 per cent increase in retail wealth behind performance in the segment. Credit cards, micro loans, housing and used car loans.

On the asset quality front, its gross non-performing asset stock fell 4.40 percent in the last March quarter from 4.84 percent at the end of the previous December quarter, as gross slips fell from Rs 619 crore. 6 crore in the previous quarter.

It has allocated Rs 400.67 crore for the reporting quarter as against Rs 626.64 crore in the year-ago period and Rs 423.88 crore in the pre-quarter period.

Ahuja said the bank has decided to set aside Rs 187 crore as additional provision required under the rules to strengthen its book and take care of the expected losses on GNPA and Rs 1,964 crore restructured books.

With the additional provision, which brings the provision coverage ratio to 70.4 per cent, the bank can be confident in tackling any challenge and focus on growth in the new year, Ahuja said, adding that it expects wholesale growth to increase to 15 per cent. Percentage in the long run.

As of March 31, 2022, the bank’s total capital adequacy was 16.82 percent.

Ahuja said it would raise the USD 100 million fund raised by a private placement of Tier-2 bonds in a few days, raising it by 1 percentage point. After that the original equity capital is not required, he added.

Shares of the bank closed 6.05 per cent lower at Rs 101.75 on the BSE on Thursday, as against a 2.14 per cent correction in the benchmark.