Bharat Financial Inclusion has reported results for the first quarter ended June 30, 2016.
The company has reported around four fold jump in its net profit at Rs 235.91 crore for the quarter ended June 30, 2016 as compared to Rs 61.16 crore for the same quarter in the previous year. The company’s total income increased by 46.52% to Rs 414.12 crore for the quarter under review, from Rs 282.64 crore for the corresponding quarter of the previous year
Bharat Financial Inclusion (formerly known as SKS Microfinance) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. The company’s mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.