Country's only listed microfinance lender SKS Microfinance today said its September quarter net profit jumped nearly 250 per cent to Rs 56.8 crore from Rs 16.3 crore a year ago.
Net interest income saw 63 per cent increase at Rs 110 crore from Rs 68 crore a year ago.
Gross revenues for the quarter stood at Rs 201 crore, up from Rs 135 crore a year ago. Its overall loan portfolio, excluding Andhra Pradesh and Telangana, witnessed 50 per cent year-on-year growth to Rs 3,043 crore from Rs 2,029 crore.
Loan disbursements registered a 73 per cent increase to Rs 1,693 crore from Rs 978 crore, the Hyderabad based company said in a statement.
Gross bad loans stood at 0.1 per cent from 0.2 per cent, and its collection efficiency stood at 99.8 per cent during the reporting quarter which was a tad better at 99.9 per cent in the year ago period.
The company's membership base excluding Andhra and Telangana witnessed a 28 percent year-on-year growth to 41.71 lakh.
As of end September, SKS had a net worth of Rs 951 crore and capital adequacy of 33. 2 percent (without the Reserve Bank dispensation on the Andhra and Telangana provisioning).
Cash and cash equivalents (excluding security deposit) stood at Rs 530 crore at end Sptember.
The un-availed deferred tax benefit of Rs 522 crore will be available to offset tax on future taxable income, SKS added.
