SKS Microfinance Q4 FY11 Results : Net profit swings to loss

by khalid on 07/05/2011 · 0 comments

SKS Microfinance has posted a net loss for the period Q4 (ending Mar 11) of the current fiscal (FY10-11). During the said quarter, the company swings to net loss of amount Rs 69.76 crores in comparison to Rs 62.89 crores profit of Q4 (ending Mar 10) of previous year (FY09-10). SKS Microfinance is India’S largest microfinance lender. The company is the first microfinance institution (MFI) in the country which raised money from market through an IPO route.

The company has informed the share market (BSE/NSE) that the total income decreased 36.51% to Rs 193.47 crore in Q4 (ending Mar 2011) of the current fiscal (FY10-11) when compared with the same quarter Q4 (ending Mar 2010) of previous year (FY09-10). Total income was Rs 304.35 crores in last year’s quarter Q4.

Share’s Data :-
BSE Code : 533228
Mkt. Cap : Rs 2,395.30 Crores
SKS Microfinance share’s CMP is Rs 331.30 on 6th May 2011.

Stay tuned to BelltheBull Blog for more news on SKS Microfinance Limited !

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