SKS Microfinance shares fall nearly 10%

Shares in SKS Microfinance, India's largest and only listed microfinance company, fell nearly 10% in morning trades on Tuesday, after the firm posted a net loss in the September quarter.

Shares in SKS Microfinance, India's largest and only listed microfinance company, fell nearly 10% in morning trades on Tuesday, after the firm posted a net loss in the September quarter.

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The firm posted a net loss of 3.84 billion rupees in July-September, compared with a net profit of 0.81 billion rupees posted during the same quarter a year ago.

At 9.16 a.m., the company's shares were trading down 9.99% at 188.30 rupees in a steady Mumbai market.