S K S Microfinance disclosed a sharp rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 9.92 times to Rs 493.20 million from Rs 49.70 million in the same quarter last year.
Net sales for the quarter rose 29.29% to Rs 1,518.16 million, compared with Rs 1,174 million for the prior year period.
Earnings per share for the quarter stood at Rs 4.27, registering 9.28 times growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 1,518.16 | 1,174.26 | 29.29 |
| Net Profit | 493.21 | 49.70 | 892.40 |
| Basic EPS | 4.27 | 0.46 | 828.26 |
Shares of the company gained Rs 1.9, or 0.69%, to settle at Rs 276.45. The total volume of shares traded was 137,576 at the BSE (Thursday).
