Latest News
-
Rs 14/Share Dividend: Stockbroking Co To Consider Bonus Share, Shares Up 126% In 180-Days -
Varyaa Creations IPO Set To Shine: Boasts Robust GMP Of Rs 100 -
BEL, HAL, Cochin, Mazagon Dock: Why Defence Stocks Are Flying High When Middle East Is In Kaboom? -
FII-Backed Penny Stock Issues New Update On Warrants, Shares Gain 111% In 3-Yrs -
Top 5 Bank Savings Accounts With No Hidden Charges; Check Details? -
150% Gains In 12 Months: This Multibagger Telecom Stock Hits 52-Week High; IIFL Finance Recommends BUY! -
Singapore Orders Recall Of Everest Fish Curry Masala Over Pesticide -
China's Sinking Cities: Researchers Warn Of A Looming Threat, Say Half Of Major Cities Are Drowning -
Inox Wind Secures Repeat 210 MW Order From Hero Future Energies -
100 Grams Of 22K Gold Dearer By Rs 5000 In India: Check Yellow Metal Prices After Latest Rise
SKS Microfinance surges 6% on robust Q4 numbers
The company reported a higher profit of Rs 2.7 crore in Q4-FY13 as compared to a profit of Rs.1.2 crore in Q3-FY13, when it turned around after seven consecutive quarters of losses caused by the external event of Andhra Pradesh microfinance crisis. The Company incurred a loss of Rs. 330 crore in Q4-FY12.
The Company's loan disbursements rose by 65% to Rs.1,295 crore in Q4-FY13 from Rs. 784 crore in Q3-FY13 while incremental draw downs registered a 201% jump to Rs.1,704 crore in Q4-FY13 from Rs. 566 crore in Q3-FY13 (year-on-year increase of 94% to Rs 2,875 crore in FY13 from Rs.1,484 crore in FY12).
SKS Microfinance Limited had a net worth of Rs. 390 core and a capital adequacy of 32.8% as of March 31, 2013. Cash and bank balance stood at Rs. 895 core.
Shares of the company were seen trading at Rs 134, higher by 5.17% on BSE at 10.40 am IST. It touched an intraday high of Rs 138.
GoodReturns.in
