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July 01, 2015 5:51 PM ET

Consumer Finance

Company Overview of SKS Microfinance Limited

Company Overview

SKS Microfinance Limited, a non-banking financial company - micro finance institution, provides micro finance services to women in the rural areas in India who are enrolled as members and organized as joint liability groups. It offers income generation, mid-term, and long-term loans to self-employed women to support their business enterprises, such as raising livestock, running local retail shops, tailoring, and other assorted trades and services. The company also provides loans to members for the purchase of cook-stove, solar light, water purifier, mobile phone, bicycle, and sewing machine products, as well as personal or business loans to its members and non-members secured by gold jewelle...

My Home Tycoon

3rd Floor

Block A, 6-3-1192

Kundanbagh, Begumpet

Hyderabad,  500016

India

Founded in 1997

Phone:

91 40 4452 6000

Key Executives for SKS Microfinance Limited

Chief Executive Officer, Managing Director, Director, Member of Asset Liability Management Committee and Member of Corporate Social Responsibility Committee
Age: 51
Total Annual Compensation: $22.3M
President
Age: 47
Total Annual Compensation: $17.7M
Chief Financial Officer
Age: 37
Total Annual Compensation: $5.3M
Chief Operating Officer
Age: 53
Total Annual Compensation: $7.3M
Senior Vice President of Legal, Compliance Officer and Company Secretary
Total Annual Compensation: $4.8M
Compensation as of Fiscal Year 2015.

SKS Microfinance Limited Key Developments

SKS Microfinance Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year of March 31, 2015; Provides Earnings Guidance for the Fiscal 2016

SKS Microfinance Limited reported audited standalone earnings results for the fourth quarter and full year of March 31, 2015. For the quarter, the company total revenue of INR 2,260 million against INR 1,470 million a year ago. Profit before tax was INR 464 million against INR 271 million a year ago. Profit after tax was INR 405 million against INR 271 million a year ago. ROA (Incl. Managed Loans) was 3.2%. ROE was 15.9%. EPS - diluted was (not annualised) was INR 3.2 against INR 2.5 a year ago. Book value per share was INR 79.2 against INR 42.4 a year ago. Total income from operations was INR 1,976.187 million against INR 1,844.144 million for the same period a year ago. Profit from operations before other income and finance costs was INR 1,032.993 million against INR 730.786 million for the same period a year ago. For the year, the company total revenue of INR 8,030 million against INR 5,450 million a year ago. Profit before tax was INR 1,940 million against INR 700 million a year ago. Profit after tax was INR 1,880 million against INR 700 million a year ago. ROA (Incl. Managed Loans) was 4.3% against 2.3% a year ago. ROE was 21.6% against 16.7% a year ago. EPS - diluted was (not annualised) was INR 15.0 against INR 6.4 a year ago. Book value per share was INR 82.9 against INR 42.4 a year ago. Total income from operations was INR 7,239.568 million against INR 5,189.918 million for the same period a year ago. Profit from operations before other income and finance costs was INR 3,935.028 million against INR 2,582.289 million for the same period a year ago. The company provided earnings guidance for the fiscal year 2016. For the period, the company expects profit after tax to be INR 2,350 million.

SKS Microfinance Limited, Q4 2015 Earnings Call, May 06, 2015

SKS Microfinance Limited, Q4 2015 Earnings Call, May 06, 2015

SKS Microfinance Limited Announces Resignation of Ranjana Kumar as a Director from the Board

SKS Microfinance Limited announced that resignation of Mrs. Ranjana Kumar an Independent Director has tendered as a Director from the Board due to personal reasons. The Board has taken note of the resignation by passing a circular resolution as of date.

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