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25-Jan2013

SKS Microfinance soars on reporting stellar Q3 numbers

SKS Microfinance is currently trading at Rs. 173.30, up by 9.10 points or 5.54% from its previous closing of Rs. 164.20 on the BSE.

The scrip opened at Rs. 171.25 and has touched a high and low of Rs. 178.00 and Rs. 168.80 respectively. So far 484444 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 198.90 on 13-Dec-2012 and a 52 week low of Rs. 54.40 on 05-Jun-2012.

Last one week high and low of the scrip stood at Rs. 181.55 and Rs. 160.65 respectively. The current market cap of the company is Rs. 1869.92 crore.

The promoters holding in the company stood at 29.58% while Institutions and Non-Institutions held 39.47% and 30.95% respectively.

Non-banking finance company SKS Microfinance, reversing the trend of seven consecutive quarters of losses caused by the external event of Andhra Pradesh microfinance crisis, reported a small profit of Rs 1.15 crore in October-December quarter as against a loss of Rs 427.78 crore in a year ago period. However, total income from operations declined marginally to Rs 85.05 crore from Rs 87.07 crore during the same period.

The company's provisions and write-offs fell sharply during the quarter at Rs 28.36 lakh as against Rs 233.56 crore seen in previous quarter.

SKS Microfinance (SKS) is a non-banking finance company (NBFC), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households. SKS operates across 17 states of India


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