BHARAT FINANCIAL INCLUSION

Bharat Financial Inclusion (formerly SKS Micro) did very well in Q3. After all that fear mongering in December over a fallout in numbers due to demonetization, the company ended Q3FY17 with a very good performance. On a 38% (YoY) rise in net interest income (NII), it posted a 80% jump in net profit at Rs.143 crore.

Its Gross Loan Portfolio excluding the states of Andhra Pradesh and Telangana registered a 38% growth to Rs. 8,531 crore and it is taking steps to cashless, paperless operations. Its loan disbursement rose 34% at Rs.10.765 crore and collection efficiency of the dues in the November 11-30, 2016 period improved to 97.5% by January 19, 2017. Overall collection efficiency for Q3-FY17 was 95%. Its marginal cost of borrowing remained stable at 10%.

As of December 31, 2016, Bharat Financial had a net worth of Rs. 2,671 crore and a capital adequacy of 36.2%. Cash and cash equivalents stood at Rs. 1,824 crore.