The net loss of SKS Microfinance declined to Rs 262 crore in the quarter ending September 2012 from Rs 384 crore in the same quarter of the previous year.
However, this loss is higher than Citi's forecast of Rs 10 crore and a loss of Rs 38.8 crore reported in previous quarter.
The non-banking finance company witnessed a 29.51 percent fall in net interest income to Rs 43 crore during the quarter under review from Rs 61 crore during the same period last year.