Ujjivan SFB Shares Jump 7% on 71% Profit Growth, Improved Asset Quality in Q3

• Ujjivan Small Finance Bank's shares surged 7% after announcing strong Q3 results.
• Net profit increased by 71% year-on-year to ₹186 crore, partly due to higher other income.
• Net Interest Income (NII) grew by 12.8% to ₹1,001 crore.
• Asset quality improved with Gross NPA at 2.38% and Net NPA at 0.57% sequentially.
• Management expects Net Interest Margins to stabilize between 6% to 7% in the future.

Why It Matters: Ujjivan SFB reported robust Q3 profit growth and better asset quality, driving a 7% stock surge.