SKS Micro ups FY15 profit guidance; to raise up to Rs 400cr

Non-banking finance company SKS Microfinance has doubled its profit guidance to Rs 125 crore for FY15. CFO Dilli Raj, who has now been promoted as the president, told CNBC-TV18 that the company is likely to see a a positive surprise in its guided net profit of Rs 55-Rs 60 crore for FY14.

He further added that the company's outstanding target of FY15 portfolio stands at Rs 4,000 crore.

Also, SKS plans to raise capital of up to Rs 400 crore in the next financial year with a maximum dilution of 20 percent as it sets out to create SKS Microfinance 3.0.

Meanwhile, the company will continue with its core business on lending front, he added. At 12:13 hrs SKS Microfinance was quoting at Rs 181.60, up Rs 3.05, or 1.71 percent.