Bharat Financial Inclusion (erstwhile SKS Microfinance) is likely to report a solid 111.8 percent growth in profit and 80.9 percent in net interest income for the quarter ended June 2016 year-on-year. The micro finance company will announce its earnings on July 21.
Net profit is likely to be at Rs 129 crore during the quarter against Rs 61 crore in same period last year and net interest income may grow to Rs 211 crore from Rs 117 crore, according to average of estimates of analysts polled by CNBC-TV18.
Net interest income is the difference between interest earned and interest expended.
Key things to watch out for would be growth in loan book, increase in ticket size, margin movement on account of lowering of interest rate and any tax write back.
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