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28-Jul2017

Bharat Financial Inclusion trades in green on the bourses

Bharat Financial Inclusion is currently trading at Rs. 829.45, up by 9.50 points or 1.16% from its previous closing of Rs. 819.95 on the BSE.

The scrip opened at Rs. 820.00 and has touched a high and low of Rs. 830.00 and Rs. 817.60 respectively. So far 29,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 938.75 on 29-Jul-2016 and a 52 week low of Rs. 465.40 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 832.00 and Rs. 771.65 respectively. The current market cap of the company is Rs. 11,449.00 crore.

The promoters holding in the company stood at 1.66%, while Institutions and Non-Institutions held 82.51% and 15.83% respectively.

Bharat Financial Inclusion's operations have returned to normalcy in Q1-FY18 with the cumulative collection efficiency for Rs 7,635 crore worth of loans disbursed between January 1 and June 30, 2017, comprising 65% of the Gross Loan Portfolio, standing at 99.9%. Gross collection efficiency for June 2017 has improved to 98.6%. Consequently, net NPA fell to 1% in Q1-FY18.

The cashless disbursals increased to 98% in the month of June 2017 (12% in January 2017). The company in Q4-FY17 unveiled its plans to roll out 2 lakh Kirana Points across its network in 16 states of India. Kirana Points enables the company's borrowers to make basic financial transactions like repaying loan, depositing money, withdrawing cash and making utility payments.

In Q1-FY18, loan disbursements at Rs 3,734 crore are in line with the historical trend of seasonality and also aligned with the disbursement guidance of Rs 19,500 crore for FY18 (Rs 14,667 crore in FY17).

Bharat Financial Inclusion (formerly known as SKS Microfinance) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. The company's mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.


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