On Tuesday SKS Microfinance shares gained over 7 percent as the company has reported over 49 per cent rise in the net profit for the quarter ended March.

On Account of this the stock of the company climbed 7.15 per cent to Rs 496.75 on Bombay Stock Exchange (BSE) and on National Stock Exchange (NSE) it went up 7.19 per cent to Rs 497.15.

“Total income increased to Rs 226.20 crore for the quarter ended March 31, 2015, from Rs 147.38 crore for the quarter ended March 31, 2014,” the company said in a BSE filing.