Monday, October 29, 2012

SKS Microfinance posts net loss of Rs 262 cr in Q2


Non-banking finance company SKS Microfinance has posted a net loss of Rs 262 crore in the second quarter of financial year 2012-13, which was lower compared to a loss of Rs 384 crore in a year ago period but quite high compared to Citi's forecast of net loss at Rs 10 crore and a loss of Rs 38.8 crore reported in previous quarter.

Net interest income declined 29.51 percent to Rs 43 crore from Rs 61 crore during the same period.



Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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