SKS Microfinance reports over 2-fold rise in Q4 net profit

SKS Microfinance has reported results for the fourth quarter and year ended March 31, 2016.

The company has reported over 2-fold jump in its net profit at Rs 84.47 crore for the quarter ended March 31, 2016 as compared to Rs 40.54 crore for the same quarter in the previous year. Total income of the company has increased by 63.71% at Rs 370.31 crore for quarter under review as compared to Rs 226.20 crore for the quarter ended March 31, 2015. 

For the year ended March 31, 2016, the company has posted a rise of 61.45% in its net profit after tax at Rs 302.98 crore as compared to Rs 187.66 crore for the same period in the previous year. Total income of company increased 64.45% at Rs 1320.67 crore for year under review as compared to Rs 803.07 crore for the period ended March 31, 2015.