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SKS Microfinance Hits 52-Week High On Robust Q1 Numbers
Share of SKS Microfinance rose more than 4 per cent on Thursday after the company reported good set of Q1 number for the quarter ended June 30, 2015.
Shares of the company were seen trading at Rs 559 higher by 4.18 per cent on BSE at 12.25 PM IST. The stock touched an a 52-high at Rs 562.50 during the trade.
company share details and financials
The Company has posted a net profit of Rs. 61 crore for the quarter ended June 30, 2015 as compared to Rs. 49 crore for the quarter ended June 30, 2014.
Total Income has increased to Rs 282 crore for the quarter ended June 30, 2015 against Rs 168.9 crore for the quarter ended June 30, 2014.
Loan disbursements rose 105 percent on a year-on-year basis to Rs 2,377 crore as compared to Rs 1,160 crore in the same period a year ago.
The un-availed deferred tax benefit of Rs 460 crore and MAT credit of Rs 21 crores will be available to offset tax on future taxable income.
The company in the separate press release said that, the company has granted 45,500 stock options to the eligible employees subject to the terms of the SKS Microfinance - Employee Stock Option Plans of the Company.
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