Comments
SKS Microfinance Ltd’s standalone net profit more than doubled at Rs 57 crore in the second quarter ended September 30, 2014 compared to Rs 16.34 crore in the corresponding quarter of previous financial year.
The total revenue increased to Rs 190 crore (Rs 130 crore). The company’s scrip zoomed 8.8 per cent to end at Rs 312.80 on the Bombay Stock Exchange on Monday.
Its portfolio excluding Andhra Pradesh and Telangana increased 50 per cent to Rs 3,043 crore from Rs 2,029 crore in the same period last year, according to a release.
The loan disbursements too registered a 73 per cent growth to Rs 1,693 cr (Rs 978 cr). This led to 63 per cent growth in the net interest income at Rs 110 crore.
As of September 30, 2014, SKS had a net worth of Rs 951 crore and capital adequacy of 33.2 per cent without the Reserve Bank of India dispensation on the Andhra Pradesh and Telangana provisioning. Cash and cash equivalents (excluding security deposit) stood at Rs 530 crore.
The un-availed deferred tax benefit of Rs 522 crore will be available to offset tax on future taxable income.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.