Quarterly Results: Bharat Financial Inclusion Ltd.

Bharat Financial Inclusion Limited, earlier known as SKS Microfinance Ltd, announced spectacular results for the quarter ended December 31, 2016. Strong performance was observed at both the topline and bottomline levels when compared to the year ago period. However, the sequential performance was weak particularly due to the impact of demonetisation.

The company's total revenue for Q3FY17 came in at Rs 408.89 crore, which represents a 0.37 per cent sequential increase and 33.08 per cent YoY increase.

The operating profit (EBIT) for the quarter amounted to Rs 261.09 crore and the EBIT margin stood at 63.85 per cent.

The company reported PAT of Rs 142.82 crore which represents a sequential QoQ decline of 2.1 per cent and a YoY increase of 79.65 per cent.
 
The company's asset quality remained healthy with GNPA and NNPA for the recently completed quarter standing at 0.06 per cent and 0.03 per cent, respectively.
 
The company’s stock closed today on the BSE at Rs. 676.80, up by Rs 7.7 (or 1.15 per cent) from the previous close of Rs 669.10. The stock touched the day’s high of Rs 685 and a day’s low of Rs 672.
 
Bharat Financial Inclusion is an Indian non-banking finance company engaged in providing micro finance services to individuals from poor segment of rural India. The company offers people access to basic financial services, such as loans, savings, money transfer services and micro insurance.