SKS Microfinance Ltd’s net profit increased 48 per cent at Rs 40 crore in the fourth quarter ended March 31, 2015 compared to Rs 27 crore in the corresponding quarter of previous financial year.
For the full year ended March 31, 2015, the net profit more than doubled at Rs 188 cr (Rs 70 cr).
The gross loan portfolio excluding the states of Andhra Pradesh and Telangana registered a 47 per cent year-on-year increase to Rs 4,171 crore from Rs 2,837 crore registering 31 per cent growth, the company said in a release.
Loan disbursements grew 58 per cent to Rs 2,494 crore (Rs 1,580 crore). The total number of loans disbursed witnessed a 39 per cent year-on-year growth to 18.57 lakh. The total disbursement in FY15 increased by 44 per cent to Rs 6,891 crore (Rs 4,788 crore).
SKS had raised an incremental debt of Rs 5,020 crore in the year under review which marked 43 per cent growth compared to previous year.
It also completed securitisation transactions worth Rs 1,559 crore and issued Non-Convertible Debentures worth Rs 200 crore besides commercial paper worth Rs 225 crore.
The un-availed deferred tax benefit of Rs 489 crore and minimum alternate tax (MAT) credit of Rs 5.2 crore will be available to offset tax on future taxable income, it added. As of March 31, 2015, SKS had a net worth of Rs 1,046 crore and a capital adequacy of 31.7 per cent.
SKS Microfinance’s scrip lost 1.26 on the Bombay Stock Exchange on Monday to end at Rs 463.60.