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SKS Microfinance surges on registering 41% increase in portfolio outstanding in Q4-FY14

29 Apr 2014 Evaluate

SKS Microfinance is currently trading at Rs. 260.20, up by 6.20 points or 2.44% from its previous closing of Rs. 254.00 on the BSE.

The scrip opened at Rs. 264.00 and has touched a high and low of Rs. 269.25 and Rs. 258.20 respectively. So far 247434 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 282.40 on 22-Apr-2014 and a 52 week low of Rs. 95.60 on 24-May-2013.

Last one week high and low of the scrip stood at Rs. 282.40 and Rs. 251.15 respectively. The current market cap of the company is Rs. 2829.77 crore.

The promoters holding in the company stood at 27.90% while Institutions and Non-Institutions held 43.54% and 28.56% respectively.

SKS Microfinance has reported a 41% year-on-year increase in the non-Andhra Pradesh portfolio to Rs. 2,837 crore in Q4-FY14 from Rs. 2,016 crore in Q4-FY13 (Rs. 2,364 crore in Q3-FY14).

The company has also registered a 27% increase in PAT to Rs. 27.1 crore in Q4-FY14 from Rs. 21.4 crore in Q3-FY14. This is the Company’s sixth consecutive quarter of profit post its turnaround in Q3-FY13. Loan disbursements grew to Rs. 1,580 crore in Q4-FY14 from Rs. 1,399 crore in Q3-FY14 (Rs.1,295 crore in Q4-FY13). The Company had incremental draw-downs of Rs.1,713 crore in Q4-FY14.

The company had a net worth of Rs. 459 crore and capital adequacy of 27.2% (20.7% without taking RBI dispensation on provision for the Andhra Pradesh portfolio) as of March 31, 2014. Cash and bank balances stood at Rs. 671 crore.

SKS Microfinance (SKS) is a non-banking finance company (NBFC), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households. SKS operates across 16 states of India.

 

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