Net profit was Rs 139 crore in the year ago period.
Net interest margin for the quarter improved to 13% from 11.1% in the year ago period. Net interest income rose by 65.4% year-on-year at Rs 763 crore.
Gross loan portfolio expanded by 49% to Rs 21814 crore with borrower base growing 20% to 44.2 lakh.
“We aim to soon surpass Rs 25,000 crore loan portfolio. The next 4-5 years will see us doubling our loan portfolio to over Rs 50,000 crore as per our business plan by leveraging our solid foundation and leadership position in the microfinance industry,” managing director Udaya Kumar Hebbar said.
Pre-provision operating profit increased 88% at Rs 544 crore. Total income increased by 54% at Rs 1,171 crore.
Impairment of financial instruments declined by 24.3% year-on-year at Rs 76.4 crore.Gross non-performing assets fell to 0.89% at the end of June, against 3.11% a year back. Net NPA ratio improved to 0.27% from 1.15%.
