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SKS Microfinance reports loss of Rs 262.16 crore in Q2

30 Oct 2012 Evaluate

SKS Microfinance has reported results for second quarter ended September 30, 2012.

The company has reported a loss of Rs 262.16 crore for the quarter ended September 30, 2012 as compared to a net loss of Rs 384.54 crore for the same quarter in the previous year. Total income from operation has decreased by 36.33% at Rs 77.57 crore for quarter under review as compared to Rs 121.83 crore for the quarter ended September 30, 2011.

SKS Microfinance is a non-banking finance company (NBFC), registered and regulated by Reserve Bank of India, whose mission is to eradicate poverty by providing financial services to the poor.

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