Loan disbursements grew to Rs 1,399 crore in Q3 from Rs 978 crore in Q2. The non-Andhra Pradesh portfolio grew to Rs 2,364 crore in the December quarter.
The growth momentum has returned and disbursements have gained traction with a 43% quarter-on-quarter growth and 79% year-on-year growth, MR Rao, MD & CEO, SKS Microfinance, said.
The non-Andhra Pradesh portfolio has registered a 58% year-on-year growth and 17% sequential growth. Our efficiency initiatives have been yielding results with reduction in operational expenses. In Q4 too, we do not plan to increase branches or headcount. However, the portfolio outstanding could grow by another 15% quarter on quarter, and that is when we will register further efficiency gains, Rao said.
Growth in credit assets, effective liquidity management and operating leverage playing out have placed our return on assets (ROA) and return on equity (ROE) in the best-of-breed league, said S Dilli Raj, chief financial officer.
Economic value of the unavailed deferred tax provision of R567 crore has also started showing up on the profit and loss statement. Sufficient liquidity, a positive asset liability management (ALM) structure and a strong distribution network equip us to address the huge unmet demand potential of the rural credit segment we target, he added.