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Bharat Financial Inclusion slips on reporting net loss of Rs 234.92 crore in Q4

02 May 2017 Evaluate

Bharat Financial Inclusion is currently trading at Rs. 795.95, down by 8.70 points or 1.08% from its previous closing of Rs. 804.65 on the BSE.

The scrip opened at Rs. 795.00 and has touched a high and low of Rs. 810.00 and Rs. 768.60 respectively. So far 876981 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 938.75 on 29-Jul-2016 and a 52 week low of Rs. 465.40 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 823.00 and Rs. 747.70 respectively. The current market cap of the company is Rs. 10954.34 crore.

The promoters holding in the company stood at 1.66%, while Institutions and Non-Institutions held 78.86% and 19.47% respectively.

Bharat Financial Inclusion has reported net loss of Rs 234.92 crore for the quarter ended March 31, 2017 as compared to a net profit of Rs 84.47 crore for the same quarter in the previous year. However, total income of the company increased by 10.53% at Rs 409.31 crore for quarter under review as compared to Rs 370.31 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a fall of 4.39% in its net profit at Rs 289.69 crore as compared to Rs 302.98 crore for the same period in the previous year. However, total income of company increased by 30.84% at Rs 1727.90 crore for year under review as compared to Rs 1320.67 crore for the period ended March 31, 2016.

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