The analyst firms continue to hold their expectations high on the long-term performance of Hyderabad-based microfinance company Bharat Financial Inclusion (BFI) despite the earnings estimate cuts for this financial year, as the fourth quarter losses are seen as a one-off event.
Earlier this month, the microfinance company (formerly SKS Microfinance) has reported a Rs 235-crore net loss for the quarter ended March 2017, as it had to provide Rs 335 crore in the balance sheet towards the loan defaults in the aftermath of demonetisation among other factors.
The company said it has chosen to report a net loss of Rs 235
