Magma Fincorp reports consolidated net loss of Rs 114.02 crore in the March 2017 quarter

Sales decline 11.16% to Rs 560.69 crore

Net loss of Magma Fincorp reported to Rs 114.02 crore in the quarter ended March 2017 as against net profit of Rs 65.30 crore during the previous quarter ended March 2016. Sales declined 11.16% to Rs 560.69 crore in the quarter ended March 2017 as against Rs 631.10 crore during the previous quarter ended March 2016.

For the full year,net profit declined 90.33% to Rs 20.45 crore in the year ended March 2017 as against Rs 211.38 crore during the previous year ended March 2016. Sales declined 5.33% to Rs 2345.62 crore in the year ended March 2017 as against Rs 2477.77 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales560.69631.10 -11 2345.622477.77 -5 OPM %18.5063.28 -49.7060.65 - PBDT-139.24110.51 PL 95.29345.31 -72 PBT-151.54101.54 PL 46.79305.82 -85 NP-114.0265.30 PL 20.45211.38 -90

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