SKS Microfinance Q2 net loss at Rs 384 cr

Published: Tuesday, November 8, 2011, 9:30 [IST]
 
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SKS Microfinance Q2 net loss at Rs 384 cr

SKS Microfinance Limited has reported a net loss of Rs 384.54 crore for the second quarter ended September 30, 2011, as against the net profit of Rs 80.54 crore during the same quarter last year.

While for the six months ended September 2011 (April-September), net loss amounted to Rs 603.28 crore as against net profit of Rs 147.24 crore during the same period last year.

Besides, company's total income has declined by 66 per cent to Rs 122.99 crore in Q2 FY12, from Rs 366.56 crore during Q2 FY11.

Meanwhile, total operating expenses of the company stood at Rs 461.12 crore in Q2 FY12 as against Rs 157.98 crore during Q2 FY11.

Dion Global Solutions Ltd

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