UPDATE ON SKS MICRO Q2 RESULTS
As estimated by us, PAT is 78 crores. Major highlights of Q2 results are:
1. Cost to Income has gone down by 5.3% QoQ basis to 47%
2. SKS has increased its guidelines of PAT for FY16 from 235 crores to 290 crores.
3. Gross Loan Portfolio for Q2 has increased by whopping 80% YoY and 14% QoQ.
4. Loan disbursement have increased 57% YoY to 2665 crores
5. GROSS LOAN DISBURSEMENT HAS REACHED ALL-TIME HIGH OF 5434 CRORES
(previously achieved in Q2/FY11)
6. Networth now stands at 1203 crores
7. Capital Adequacy Ratio is 24.6%
8. Cash/equivalients stand at 834 crores
We feel that SKS can cross Rs 500 by October Expiry (as forecast by us before announcement of results). Hence, investors are advised not to book profit in .
As estimated by us, PAT is 78 crores. Major highlights of Q2 results are:
1. Cost to Income has gone down by 5.3% QoQ basis to 47%
2. SKS has increased its guidelines of PAT for FY16 from 235 crores to 290 crores.
3. Gross Loan Portfolio for Q2 has increased by whopping 80% YoY and 14% QoQ.
4. Loan disbursement have increased 57% YoY to 2665 crores
5. GROSS LOAN DISBURSEMENT HAS REACHED ALL-TIME HIGH OF 5434 CRORES
(previously achieved in Q2/FY11)
6. Networth now stands at 1203 crores
7. Capital Adequacy Ratio is 24.6%
8. Cash/equivalients stand at 834 crores
We feel that SKS can cross Rs 500 by October Expiry (as forecast by us before announcement of results). Hence, investors are advised not to book profit in .
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