Magma Fincorp reports consolidated net loss of Rs 647.72 crore in the March 2021 quarter

Sales decline 6.14% to Rs 572.84 crore

Net Loss of Magma Fincorp reported to Rs 647.72 crore in the quarter ended March 2021 as against net loss of Rs 35.51 crore during the previous quarter ended March 2020. Sales declined 6.14% to Rs 572.84 crore in the quarter ended March 2021 as against Rs 610.32 crore during the previous quarter ended March 2020.

For the full year,net loss reported to Rs 558.96 crore in the year ended March 2021 as against net profit of Rs 27.05 crore during the previous year ended March 2020. Sales declined 7.74% to Rs 2318.90 crore in the year ended March 2021 as against Rs 2513.43 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales572.84610.32 -6 2318.902513.43 -8 OPM %-107.1452.24 -15.9155.74 - PBDT-849.9413.43 PL -692.52156.57 PL PBT-863.58-4.11 -20912 -748.7781.78 PL NP-647.72-35.51 -1724 -558.9627.05 PL

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