New Delhi: The private sector lender posted an annualized net loss of Rs 274 crore in the July-September period, falling as much as 4 per cent in Tuesday’s trade mainly on account of increase in provisioning for bad loans.

The counter touched a low of Rs 165 while the previous close was at Rs 170.90 National Stock Exchange.

Ujjivan had made a net profit of Rs 96 crore in the same period a year ago. On a sequential basis, however, the crisis-ridden lender’s net loss climbed by Rs 233 crore in April-June, an exchange filing showed.

For the quarter under review, net interest income declined to Rs 391 crore from Rs 470 crore a year ago.

Net interest margin also declined sequentially, registering a decline of 8.1 per cent in the September quarter from 10.2 per cent a year ago, the release showed.

Provisions and contingencies rose to Rs 437 crore in the July-September period from Rs 98 crore a year ago. The gross non-performing asset ratio stood at 11.8 per cent as on September 30, up from 1.2 per cent a year ago and 9.79 per cent a quarter ago.