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SKS Microfinance reports 24% rise in Q1 net profit

23 Jul 2015 Evaluate

SKS Microfinance has reported results for first quarter ended June 30, 2015.

The company has reported a rise of 24.01% in its net profit at Rs 61.16 crore for the quarter ended June 30, 2015 as compared to Rs 49.32 crore for the same quarter in the previous year. The company’s total income has increased by 67.29% to Rs 282.64 crore for the quarter under review, from Rs 168.95 crore for the corresponding quarter of the 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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