Bharat Financial Inclusion has reported results for second quarter ended September 30, 2016.
The company has reported 87.36% rise in its net profit of Rs 145.88 crore for the quarter under review as compared to Rs 77.86 crore for the same quarter in the previous year. Total income of the company increased by 38.64% at Rs 449.60 crore for the quarter under review as compared to Rs 324.29 crore for the corresponding quarter 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.