Ujjivan Small Finance Bank reported a 66% year-on-year decline in net profit for the first quarter of FY25, with earnings falling to Rs. 116 crore from Rs. 342 crore in the same period last year. The downturn was driven primarily by a significant rise in provisions and contingencies, which surged more than fourfold. Despite steady growth in net interest income and stable loan disbursements, the bank’s bottom line was weighed down by elevated credit costs and balance sheet adjustments.