SKS Microfinance July-Sept net Rs80.54 crore

SKS Microfinance July-Sept net Rs80.54 crore

New Delhi: Lender to tiny businesses SKS Microfinance said on Monday profit for July-September stood at Rs805.4 million.

The result, announced late on Friday, was the first by SKS after it went public amid much fanfare in August. It did not provide comparable numbers for the year-ago period.

SKS is backed by investors like Sequoia, Kismet Capital, Unitus, billionaire George Soros, venture capitalist Vinod Khosla and Infosys Technologies founder N.R. Narayana Murthy.

Shares of the Hyderabad-based company, which the market currently values close to Rs80 billion, were down 0.7% at Rs1,046, in a Mumbai market that was up more than 1%.