Magma Fincorp reports 75% rise in Q1 consolidated net profit

20 Aug 2018 Evaluate

Magma Fincorp has reported results for first quarter ended June 30, 2018.

The company has reported a rise of 75.75% in its net profit at Rs 51.46 crore for the quarter under review as compared to Rs 29.28 crore for the same quarter in the previous year. Total income of the company increased marginally by 2.06% at Rs 552.36 crore for Q1FY19 as compared Rs 541.19 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 74.98% in its net profit at Rs 68.12 crore for the quarter under review as compared to Rs 38.93 crore for the same quarter in the previous year. Total consolidated income of the company increased marginally by 1.01% at Rs 605.73 crore for Q1FY19 as compared Rs 599.66 crore for the corresponding quarter previous year.

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