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SKS Microfinance reports 37% rise in Q2 net profit

20 Oct 2015 Evaluate

SKS Microfinance has reported results for second quarter ended September 30, 2015.

The company has posted a rise of 37.19% in its net profit at Rs 77.85 crore for the quarter ended September 30, 2015 as compared to Rs 56.75 crore for the same quarter in the previous year. Total income has increased by 61.32% at Rs 324.28 crore for quarter under review as compared to Rs 201.02 crore for the quarter ended September 30, 2014.

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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