SKS Microfinance - Q3FY13 Result First-Cut - Microsec

SKS Microfinance Ltd has announced its Q3FY13 result on 24th January 2013.

The company return to profitability which has reversed the trend of seven consecutive quarters of losses caused by the external event of Andhra Pradesh microfinance crisis. Top line increased by 9.66% QoQ while, decreased by 2.34% YoY to INR85.05 crores. Whereas, bottom line turned to profit of INR1.15 crores as against a loss of INR262 crores in Q2FY13 and INR427 crores in Q3FY12.

The company had a networth of Rs 388 crore and a capital adequacy of 38.5% (26.2% without RBI dispensation on AP provisioning) as of December 31, 2012.

Source : Equity Bulls

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