Magma Fincorp reports consolidated net profit of Rs 71.48 crore in the March 2018 quarter

Sales rise 3.36% to Rs 581.01 crore

Net profit of Magma Fincorp reported to Rs 71.48 crore in the quarter ended March 2018 as against net loss of Rs 114.02 crore during the previous quarter ended March 2017. Sales rose 3.36% to Rs 581.01 crore in the quarter ended March 2018 as against Rs 562.12 crore during the previous quarter ended March 2017.

For the full year,net profit rose 1026.75% to Rs 230.42 crore in the year ended March 2018 as against Rs 20.45 crore during the previous year ended March 2017. Sales declined 4.68% to Rs 2241.46 crore in the year ended March 2018 as against Rs 2351.48 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales581.01562.12 3 2241.462351.48 -5 OPM %51.3118.71 -54.2649.82 - PBDT90.85-139.24 LP 367.2895.29 285 PBT78.03-151.54 LP 318.0646.79 580 NP71.48-114.02 LP 230.4220.45 1027

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