The total incremental funding inflow received by SKS Microfinance in 2012-13 more than doubled to Rs 3,150 crore from Rs 1,434 core in 2011-12. The funding inflow in 2012-13 includes Rs 1,207 crore received through 12 securitisation transactions with seven funding partners, an incremental debt of Rs 1,68
Tag: profit
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Loan book of SKS may double in 2013-14
Some analysts expect the loan book of SKS Microfinance to double to Rs 3,000 crore by the end of 2013-14 from Rs 1,500 crore levels in 2012-13 even in the absence of fresh lending in Andhra Pradesh. The loan book of the company is expected to double on the back of its geographical expansion. The company has increased its presence in states such as UP, Rajasthan, Gujarat, amongst others and this may drive growth
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Loan book of SKS may double in 2013-14
Some analysts expect the loan book of SKS Microfinance to double to Rs 3,000 crore by the end of 2013-14 from Rs 1,500 crore levels in 2012-13 even in the absence of fresh lending in Andhra Pradesh. The loan book of the company is expected to double on the back of its geographical expansion. The company has increased its presence in states such as UP, Rajasthan, Gujarat, amongst others and this may drive growth
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Court allows SKS Microfin to resume business in AP
In an interim order, the Supreme Court allowed SKS Microfinance to resume microlending operations in Andhra Pradesh without securing a no-objection certificate from the state government. MFI operations in the state, by and large, came to a standstill after the state government introduced the Andhra Pradesh Micro Finance Institution (Regulation of Money Lending) Ordinance 2010
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Minister rules out recast of loss-making units
Union Minister of Steel, Beni Prasad Verma ruled out any question of revival or restructuring of loss making plants or units of Steel Authority of India (SAIL). He argued that although some plants or units of SAIL have reported losses, SAIL on the whole is making net profit and hence there is no case for revival or restr
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Sales of Gujarat Gas rises in Dec quarter
The consolidated net sales of Gujarat Gas Company rose to Rs 756.5 crore during the quarter ended December 31, 2012 from Rs 641.5 crore in the year-ago period. The consolidated net profit of the firm rose to Rs 70.6 crore from Rs 25 crore during this interval, Sugata Sircar, Managing
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Net profit of Steel Exchange India rises
The net profit of steel maker and trader Steel Exchange India rose to Rs 5.85 crore during October-December 2012 from Rs 3.86 crore in the same quarter of previous year. But sales of the firm contracted slightly to Rs 304.89 crore during the quarter, from Rs 355.22 crore in the year-ago period. The company expects to save costs considerably with the recent lau
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High interest outgo raises loss of GMR Infra
Huge interest outgo crimped the bottomline of infrastructure developer GMR Infrastructure, which posted a net loss of Rs 217 crore during Oct-Dec 2012. The company's interest outgo during the period is said to have risen 24 per cent to a total of Rs 525 crore, reports suggest. It is sitting on a consolidated debt
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Subdued freight rates may hit earnings of shipping firms
Subdued freight rates may affect the earnings of the Indian shipping industry and this prompted India Ratings and Research to maintain a negative outlook on the industry. The ratings agency, which is a part of the Fitch Group, feels that freight rates for dry bulk (coal and iron ore) may be hit by high
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SKS Microfinance to focus on profitability
In 2013-14, SKS Microfinance, the first and only listed microfinance institution (MFI) in India, hopes to post profit. MR Rao, Managing Director and Chief Executive Officer of the firm said the focus of the company was on profitable growth with efficiency and not just on scaling up.