Smile Microfinance Limited Financial Results 2021
It is a non-banking finance company (NBFC), registered with and regulated by the Reserve Bank of India (RBI). They are engaged in providing microfinance services to women from poor segments of urban and rural Tamil Nadu. They provide micro/small loans exclusively to poor women in urban and rural Tamil Nadu. These loans are granted to women borrowers essentially for use in their small businesses or other income generating activities and a small portion for personal consumption. These women often have no access to loans from traditional banks or financial institutions and generally borrow from private lenders, who charge very high rates of interest.
Smile Microfinance Limited Financial Results 2021:
Total income of the company has been decreased by 9.7% from INR 129.1 Cr. in 2020 to INR 116.6 Cr. in 2021. Also, company's PAT has been decreased at the rate of 171.4% from INR 12.4 Cr. in 2020 to INR -8.9 Cr. in 2021. PBT has been decreased at the rate of 161.5% from INR 20 Cr. in 2020 to INR -12.3 Cr. in 2021. EPS has also been decreased at the rate of 171.4% from INR 7.2 in 2020 to INR -5.1 in 2021.