Country's only listed micro-lender, SKS Microfinance, appearing positive on its growth momentum, is expecting a profit of around Rs 60 crore in the next fiscal. The non-banking finance company also aims to disburse around Rs 2,800 crore credit in FY14. The company, so far, has disbursed around Rs 2,100 crore of loan in the first nine months of the current fiscal.
The microfinance institution, reversing the trend of seven consecutive quarters of losses caused by the external event of Andhra Pradesh microfinance crisis, reported profit of Rs 1.15 crore in October-December quarter as against a loss of Rs 427.78 crore in a year ago period. The company’s provisions and write-offs fell sharply during the quarter at Rs 28.36 lakh as against Rs 233.56 crore seen in previous quarter.
SKS Microfinance (SKS) is a non-banking finance company (NBFC), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households. SKS operates across 17 states of India.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 955.05 |
| Shriram Finance | 1007.95 |
| Aditya Birla Capital | 363.05 |
| Chola Invest & Fin. | 1676.05 |
| Tata Capital | 321.70 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: