SKS Microfinance shares jump 7.5% on robust Q3 earnings

Image
Press Trust of India Mumbai
Last Updated : Jan 28 2016 | 7:07 PM IST
Shares of SKS Microfinance today surged by 7.5 per cent after the company reported nearly two-fold increase in net profit for the third quarter ended December.
The scrip climbed 7.48 per cent to settle at Rs 534.60 on BSE. Intra-day, the scrip jumped 8.99 per cent to Rs 542.15.
At NSE, shares of the company rose by 7.49 per cent to end at Rs 535.05.
The company added Rs 491.97 crore to its market valuation, which stood at Rs 6,795.97 crore at close of trade.
Volumewise, 6.04 lakh shares of the company changed hands at BSE and over 89 lakh shares were traded at NSE during the day.
SKS Microfinance yesterday reported nearly two-fold increase in net profit at Rs 79.4 crore for the third quarter ended December 31.
The microfinance company had a net profit of Rs 41 crore in the similar quarter of the previous fiscal.
Total income increased to Rs 343.4 crore during the quarter compared with Rs 206.8 crore in the same period a year ago, SKS Microfinance had said in a statement.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 28 2016 | 7:07 PM IST

Next Story