Mumbai: Shares of Bharat Financial Inclusion Ltd, formerly known as SKS Microfinance Ltd, on Friday hit over five-and-half-year high after the company reported better-than-expected earnings. Gross non-performing assets for the quarter stood at 0.1%, while net non-performing assets was at 0.03%. According to estimates of nine Bloomberg analysts, the company expected to post a net profit of Rs.145.60 crore. Total income stood at Rs.368.96 crore, up 53.19% from Rs.240.86 crore a year ago. Provisions and write-offs for the quarter stood at Rs.12 crore, up 67%.

Source: Mint July 22, 2016 08:26 UTC