New Document top_band
 
Business Standard

SKS Microfinance tumbles to new low as Q4 net loss widens

Tanks 20% in opening trades

Read more on:    Nbfc | Sks Microfinance | Andhra Pradesh
Related News

has tumbled 20% to Rs 75.85, its all-time low in opening deals after reporting a net loss of Rs 330 crore for the quarter ended March 2012 on account of a Rs272 crore write-off on its loan portfolio. The only listed microfinance company in the country had a net loss of Rs 70 crore in the previous year quarter.

Total income too, declined by 62% at Rs 66.15 crore on year-on-year basis during the quarter under review.

A combined 120,000 shares have changed hands on the counter in opening deals on both the exchanges.

Read more on:   
|
|

Read More

Agri Min proposes Rs 170/quintal hike in paddy MSP

In view of rising farm input costs, the Agriculture Ministry has proposed a Rs 170 per quintal increase in the minimum support price (MSP) of paddy ...

Quick Links

 

Market News

Today's picks

Nifty, Bank Nifty, HCL Tech, Coal India & Tata Steel

Markets fall to 1-week closing low

The BSE Sensex and Nifty fell on Monday to their lowest close in a week, as profit-taking hit shares of blue-chips such as ICICI Bank for a ...

Centre reduces insurance premium on cotton crop to 6%

The new premium is applicable to all cotton-growing farmers across the country with immediate effect

Moody's to upgrade ratings of Tata Steel, British arm

Review upgrade has been triggered by issuance of $1.5 bn worth bonds by ABJA Investment, guaranteed by Tata Steel

Sebi confirms curbs on Khoday India

The watchdog had imposed curbs on the company for not achieving the minimum 25% public holding within the June 3 deadline

Back to Top