BSE 23 May 12 | 12:00 AM
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SKS Microfinance Oct-Dec loss at Rs 428 cr
Reuters / Mumbai 19 Jan 12 | 05:18 PM
SKS Microfinance, India's only publicly listed microfinance company, reported a net loss of Rs 428 crore for its fiscal third quarter ended December 31, compared with a small profit last year.
The firm posted a net loss of Rs 428 crore in October-December, compared with a net loss of Rs 384 crore in the July-Sept quarter.
In the year-ago Oct-Dec quarter it had reported a net profit of Rs 34 crore.
The company's stock ended the day up 0.7% in a firm Mumbai market that closed up 1.2%, its highest close in 6 weeks.
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