SKS Micro net profit jumps over two fold in Q4 at Rs 85 crore

SKS Microfinance today reported more than two-fold jump in standalone net profit at Rs 84.47 crore for the last quarter ended March 2016.
The micro-finance lender had a net profit of Rs 40.54 crore in the corresponding January-March period of 2014-15.
"Total income has increased to Rs 370.31 crore for the quarter ended March 31, 2016, from Rs 226.2 crore a year earlier", it said in a regulatory filing.
For the full fiscal ended March 2016, company's standalone net income rose by 61.5 per cent to Rs 302.98 crore as against Rs 187.66 crore.
Total income (standalone) has increased to Rs 1,320.67 crore in 2015-16 compared with Rs 803.07 crore in the previous fiscal 2014-15, it added.

Shares of SKS Micro closed 2.95 per cent down at Rs 596.15 apiece on BSE today.