Shares of SKS Microfinance ended nearly 4 per cent up today after the company came up with an over 49 per cent rise in net profit for the quarter ended March, 2015.
After surging 7.15 per cent to Rs 496.75 in intra-day trade, shares of SKS Microfinance finally ended at Rs 481.60, up 3.88 per cent on the BSE.
At the NSE, the stock settled with a gain of 3.82 per cent at Rs 481.55.
The company's market valuation rose by Rs 231 crore to Rs 6,085 crore.
In terms of volume, 8.04 lakh shares of the company were traded at BSE and over 52 lakh at NSE during the day.
SKS Microfinance posted over 49 per cent rise in net profit at Rs 40.54 crore for the last quarter ended March 31, 2014-2015 as against a net profit of Rs 27.11 crore in the corresponding last quarter in the previous fiscal.
"Total income increased from Rs 147.38 crore for the quarter ended March 31, 2014 to Rs 226.20 crore for the quarter ended March 31, 2015," the company had said in a filing to the BSE yesterday.
For the full fiscal ended March 31, 2015, company's net profit rose by over two-and-a half times to Rs 187.66 crore.
Meanwhile, the benchmark BSE Sensex ended at 27,440.14, down 50.45 points.
