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Magma Fincorp standalone net profit rises 15.90% in the March 2019 quarter

Capital Market 

Sales rise 7.93% to Rs 567.16 crore

Net profit of Fincorp rose 15.90% to Rs 86.52 crore in the quarter ended March 2019 as against Rs 74.65 crore during the previous quarter ended March 2018. Sales rose 7.93% to Rs 567.16 crore in the quarter ended March 2019 as against Rs 525.49 crore during the previous quarter ended March 2018.

For the full year,net profit rose 36.72% to Rs 275.13 crore in the year ended March 2019 as against Rs 201.23 crore during the previous year ended March 2018. Sales rose 8.14% to Rs 2231.15 crore in the year ended March 2019 as against Rs 2063.18 crore during the previous year ended March 2018.

ParticularsQuarter EndedYear EndedMar. 2019Mar. 2018% Var.Mar. 2019Mar. 2018% Var.Sales567.16525.49 8 2231.152063.18 8 OPM %69.3969.76 -63.5161.23 - PBDT139.22128.76 8 453.04286.08 58 PBT125.49116.00 8 402.88237.09 70 NP86.5274.65 16 275.13201.23 37

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 16 2019. 14:44 IST
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