26 July 2024
Utkarsh CoreInvest Limited is the holding and promoting company for “Utkarsh Small Finance Bank Ltd”. Financial results for Utkarsh small finance bank for the year FY22 are out.
Utkarsh Small Finance Bank's net profit increased 254.02% to Rs 48.43 crore in the quarter ended March 2022, compared to Rs 13.68 crore in the preceding quarter ended March 2021. In the quarter ended March 2022, total operating income increased by 29.03 percent to Rs 536.03 crore, up from Rs 415.44 crore in the preceding quarter.
In the fiscal year ended March 2022, net profit fell 45.04 percent to Rs 61.46 crore, compared to Rs 111.82 crore in the fiscal year ending March 2021. Total Operating Income increased 16.94 percent to Rs 1848.81 crore in the fiscal year ending March 2022, compared to Rs 1580.99 crore the previous year. While the company's net worth increased by 13.07 percent in FY22, reaching 1420.76 crores.