Net profit of Magma Fincorp, an asset financing NBFC, increased 5.4 per cent in the second quarter of current fiscal at Rs 77 crore as compared to Rs 73 crore in the similar previous period.
Revenue of the company increased 4.75 per cent during the quarter at Rs 639.3 crore as against Rs 610 crore in the corresponding period last fiscal, a company statement said.
Disbursals during the period increased by 34 per cent and assets under management (AUM) stood at Rs 16,623 crore.
Net interest margin (NIM) of the company increased 0.7 per cent during the quarter.
Net NPA of Magma decreased to 4.4 per cent from 6.8 per cent in the same period last fiscal, while provision coverage ratio (PCR) stood at 56.5 per cent, the statement added.
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