SKS Microfinance Q4 earnings surge 50%
Source: IRIS | 05 May, 2015, 10.05AM
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| Rating: NAN / 5 stars. |
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SKS Microfinance announced a substantial rise in standalone net profit for the quarter ended March 2015. During the quarter, the profit of the company rose 49.50% to Rs 405.35 million from Rs 271.15 million in the same quarter last year. Net sales for the quarter surged 53.48% to Rs 2,262 million, compared with Rs 1,474 million for the prior year period.
| Quarterly Results - Standalone (Rs in mn) | | As at | Mar - 15 | Mar - 14 | %Change | | Net Sales | 2,262.00 | 1,473.77 | 53.48 | | Net Profit | 405.35 | 271.15 | 49.50 | | Basic EPS | NA | NA | | Shares of the company gained Rs 24.55, or 5.3%, to trade at Rs 488.15. The total volume of shares traded was 395,142 at the BSE (10.03 a.m., Tuesday).
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