InvestorQ : How did Ujjivan manage to report such good numbers for Mar-20 quarter when all financials have been trouble?
vaishnavi mhatre made post

How did Ujjivan manage to report such good numbers for Mar-20 quarter when all financials have been trouble?

Answer
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Mary Joseph answered.
4 months ago


Ujjivan reported 48% higher net profits at Rs.64 crore for the Marr-20 quarter. Total sales for the Mar-20 quarter rose by 38% at Rs.787 crore. The board had recently appointed Samit Ghosh, ex-CEO and MD, as non-executive director of the company. Ujjivan has the advantage of zero promoter pledge which is a big positive. The stock has rallied sharply by over 15% in the last 3 days on the back of solid results.