SKS Micro Finance, the country’s largest microfinance lender which recently went public, reported a 265 per cent increase in net profit from a year ago to Rs 67 crore for the quarter ended June 30.
Gross income rose 82 per cent over the same quarter last year to Rs 314 crore, while incremental loan disbursements were up 81 per cent on a year-on-year basis to Rs 2,283 crore. Gross non-performing assets decreased to 0.23 per cent from 0.38 per cent a year ago.
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