Millennium Post

SIDBI net profit rises 48% to Rs837 crore in FY13, EPS up 50%

Small Industries Development Bank of India (SIDBI), India’s Principal financial institution for the promotion, financing and development of the micro, small and medium  enterprise (MSME) sector, announced a total gross income of Rs 5,401 crore for 2012-13, a 17.2 per cent growth from Rs. 4,607 crore in the previous fiscal.

Its net profit increased by 47.7 per cent to Rs. 837 crore compared to Rs. 567 crore in 2011-12. Of this, Rs 187 crore was a one-time refund from Income Tax Department, including interest of Rs 45 crore. Excluding this, the growth in net profit was 14.6 per cent.
Its net worth rose to Rs. 7,046 crore during 2012-13 and earnings per share (EPS) improved to Rs 18.61 against Rs 12.60 in financial year 2011-12.
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