Stock of SKS Microfinance Reaches Peak after Q3 Results

The shares of SKS Microfinance reached the peak on Thursday with nearly 3 percent intraday hike after the company reported a 23.9% growth registering a net profit of Rs.61.1 crore for the third quarter ending June 2015 on Year-on-Year basis.

With the latest figures, the total income of the company rose to Rs 282.6 crore compared to Rs 168.9 crore in the same April-June period in 2014, said SKS Microfinance said in a statement.

Loan disbursements were high at 105% on a year-on-year basis reaching Rs 2,377 crore as compared to Rs 1,160 crore in the same period in 2014.

Despite upward suggestions or neetral advice, the share of SKS Microfinance was quoting at Rs 546.40, up Rs 9.35, or 1.74 percent at 9:30 today reaching a 52-week high of Rs 552.30 on the BSE.

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