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Bharat Financial Inclusion reports 80% jump in Q3 net profit

25 Jan 2017 Evaluate

Bharat Financial Inclusion has reported results for third quarter ended December 31, 2016. 

The company has reported 79.65% rise in its net profit at Rs 142.82 crore for the quarter under review as compared to Rs 79.50 crore for the same quarter in the previous year. Total income of the company increased by 32.45% at Rs 454.87 crore for the quarter under review as compared to Rs 343.43 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.

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