Comments
Helped by robust growth in income from operations and other income, SKS Microfinance reported a 37 per cent increase in net profit at ₹78 crore in the second quarter ended September 30, 2015, against ₹57 crore in the year-ago period.
The Hyderabad-headquartered microfinance company recorded 60 per cent increase in income from operations at ₹266 crore (₹166 crore in the year-ago period). Other operating income came in at ₹25 crore (₹24 crore). Total expenses rose 38 per cent to ₹106 crore (₹77 crore). Other income surged 200 per cent to ₹33 crore from ₹11 crore in the year-ago period.
Loan disbursements increased 57 per cent year-on-year to ₹2,665 crore in the reporting quarter, against ₹1,693 crore in the year-ago quarter. In a statement, the microfinance company said it has increased its profit guidance to ₹290 crore for FY16 from ₹235 crore.
Comments
COMMENT NOW
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.