SKS Micro surges on first quarterly profit in 2 years

SKS Microfinance, a non-banking finance company, climbed on Friday afterreporting a net profitof Rs 120 million for the quarter ended Dec 30, 2012 as compared to net loss of Rs 4,280 million in the same period last year. This was the first profit reported by the company in last two years.

Total revenue has decreased by 3.66% to Rs 790 million for the quarter ended Dec 30, 2012 from Rs 820 billion in the year ago period. Shares ofthe companyare trading at Rs 171, up Rs 6.8, or 4.14% at the Bombay Stock Exchange (BSE) on Friday at 12:57 p.m.The scrip has touched an intra-day high of Rs 178 and low of Rs 168.80. The total volume of shares traded at the BSE is 560,991.In the earlier session, the shares fell 4.73%, or Rs 8.15, at Rs 164.20. Currently, the stock is trading down 14.03% from its 52-week high of Rs 198.90 and above 214.34% over the 52-week low of Rs 54.40.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 173.25 (9.05) (5.22) 1 Month 155.55 8.65 5.56 3 Months 117.90 46.30 39.27 6 Months 82.85 81.35 98.19 1 Year 89.65 74.55 83.16 Note: Based on previous day closing price.