Ujjivan Small Finance Bank recorded a Q4 FY23 net profit of INR 310 crore ($41m) – nearly two and a half times the previous year's figure – due to improved business growth and a reduction in credit costs. The Indian bank's gross loan portfolio grew 33% to INR 24,085 crore and its net interest income rose 36% to INR 738 crore YoY. Some analysts suggest a buy rating based on the bank's sustained profitability and improved performance trajectory following its 100-day action plan, which included new business strategies for asset quality, retention, and growth.