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SKS Microfinance reports 92% rise in Q3 net profit

30 Jan 2015 Evaluate

SKS Microfinance has reported results for third quarter ended December 31, 2014.

The company has registered a rise of 91.60% in its net profit after tax at Rs 41.06 crore for the quarter under review as compared to Rs 21.43 crore for the same quarter in the previous year. Total income of the company has increased 48.14% at Rs 206.89 crore for Q3FY15 as compared Rs 139.66 crore for the corresponding quarter previous year.

SKS Microfinance 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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