Magma Fincorp consolidated net profit dips 7.51% for Q1FY12

12 Jul 2011 Evaluate

Magma Fincorp has reported unaudited results for the first quarter ended June 30, 2011.

On consolidated basis, the Group’s net profit after tax and minority interest for the quarter has declined 7.51% at Rs 16.38 crore as compared to Rs 17.71 crore for the quarter ended June 30, 2010. Its total operating income has increased by 22.90% at Rs 220.05 crore for the quarter under review as compared to Rs 179.05 crore for the similar quarter of the previous year.

Magma Fincorp is a non-deposit taking non-banking finance company (NBFC), registered with the Reserve Bank of India (RBI) as an Asset Finance Company. The company, having started operations over two decades back, is listed on the Bombay Stock Exchange and the National Stock Exchange in India.

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Peers
Company Name CMP
Bajaj Finance 7073.00
Shriram Finance 2930.30
Aditya Birla Capital 190.80
SBI Cards AndPayment 709.75
Mah & Mah Finl. Serv 269.25
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