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SKS Microfinance reports 94% rise in Q3 net profit

28 Jan 2016 Evaluate

SKS Microfinance has reported results for third quarter ended December 31, 2015.

The company has reported 93.62% rise in its net profit after tax at Rs 79.50 crore for the third quarter as compared to Rs 41.06 crore for the same quarter in the previous year. The company’s total income has increased by 66% to Rs 343.43 crore for the quarter under review from Rs 206.89 crore for the corresponding quarter of the previous year.

SKS Microfinance (SKS) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. SKS' mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.

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