SKS Microfinance shares end in red after rising over 5% on Q2 numbers

Shares of SKS Microfinance on Tuesday surged nearly 6 per cent after the company posted 37.2 per cent increase in net profit for the second quarter of the current financial year.

Written by FE News Desk

Mumbai

Updated: October 20, 2015 16:26 IST

(PTI)

SKS Microfinance shares surged as much as 5.2 per cent on Tuesday after the company posted 37.2 per cent increase in net profit for the second quarter of the current financial year.

However, the share price of the company closed 1.77 per cent down at Rs 441.

SKS Microfinance on Monday posted a 37.2 per cent increase in net profit at Rs 77.86 crore for the second quarter ended September 30, 2015-16. Its net profit stood at Rs 56.75 crore in the same period of the previous financial year.

“Total income has increased to Rs 324.29 crore for the quarter ended September 30, 2015 from Rs 201.02 crore for the quarter ended September 30, 2014,” SKS had said in a filing to BSE.

TOPICSSKS Microfinance

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This article was first uploaded on October twenty, twenty fifteen, at forty minutes past one in the afternoon.