SKS Microfinance net profit rises 904.07% in the March 2014 quarter

Sales rise 40.71% to Rs 116.86 crore

Net profit of SKS Microfinance rose 904.07% to Rs 27.11 crore in the quarter ended March 2014 as against Rs 2.70 crore during the previous quarter ended March 2013. Sales rose 40.71% to Rs 116.86 crore in the quarter ended March 2014 as against Rs 83.05 crore during the previous quarter ended March 2013.

For the full year,net profit reported to Rs 69.85 crore in the year ended March 2014 as against net loss of Rs 297.14 crore during the previous year ended March 2013. Sales rose 61.28% to Rs 448.75 crore in the year ended March 2014 as against Rs 278.25 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales116.8683.05 41 448.75278.25 61 OPM %63.4244.55 -58.45-60.50 - PBDT28.144.07 591 73.93-290.70 LP PBT27.112.70 904 69.85-297.14 LP NP27.112.70 904 69.85-297.14 LP

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