The country's only listed microfinance lender, SKS Microfinance has recorded a troubling loss of Rs. 330 crore in the fourth quarter till 31, March 2012.

The company's income dropped 63 per cent in the quarter compared to the same quarter in the previous financial year. The company recorded a total income of Rs 66.15 crore when compared with Rs 174.73 crore. Its net loss was at Rs 330 crore for as the copany made write-offs worth Rs 272 crore.

The company has been posting losses in the last few quarters consecutively. The Foreign institutional investors (FIIs) have reduced their stake in the company amid financial crisis. During the whole financial year, the total income stood at 435.7 crore as against Rs 1175.47 crore in the previous year. The net loss for the whole year was at Rs 1324 crore compared to a net profit of Rs 171 crore the previous financial year.

Despite the weak results, the company is hoping for a better performance during the current financial year. It is also planning to increase its portfolio outside Andhra Pradesh from Rs 1,320 crore in financial year 2012 to around Rs 2,500 crore by the end of financial year 2013.

Dilli Raj, the Chief Finance Officer, SKS Microfiannce said, "The non AP portfolio had witnessed a growth of around 11 per cent on a quarter on quarter basis. We have also left behind threats of solvency and liquidity and hope to raise debt of around Rs 1800 crore the current fiscal, that is both on and off balance sheet."