SKS Microfinance shares gain over 7 per cent on positive Q4 result

SKS Microfinance shares gained over 7 per cent on Tuesday after the company came up with an over 49 per cent rise in net profit for the quarter ended March.

Following this, the stock climbed 7.15 per cent to Rs 496.75 on Bombay Stock Exchange (BSE).

On National Stock Exchange (NSE), it went up 7.19 per cent to Rs 497.15.

The microfinance lender's net profit came in at Rs 40.54 crore for the quarter under review, compared with Rs 27.11 crore a year ago.

"Total income increased to Rs 226.20 crore for the quarter ended March 31, 2015, from Rs 147.38 crore for the quarter ended March 31, 2014," the company had said in a filing to BSE on Monday.

For the full fiscal, the company's net profit rose by over two-and-a half times to Rs 187.66 crore, against Rs 69.85 crore in 2013-14.

Full-year income increased to Rs 803.07 crore, from Rs 544.84 crore in the previous year, it said.

At 1:22 pm , shares of the company were trading at Rs 483.65, up by 20.05 per cent or 4.32 points.