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Magma Fincorp consolidated net profit declines 84.38% in the June 2019 quarter

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Capital Market

Sales rise 7.35% to Rs 631.27 crore

Net profit of Magma Fincorp declined 84.38% to Rs 10.64 crore in the quarter ended June 2019 as against Rs 68.12 crore during the previous quarter ended June 2018. Sales rose 7.35% to Rs 631.27 crore in the quarter ended June 2019 as against Rs 588.07 crore during the previous quarter ended June 2018. ParticularsQuarter EndedJun. 2019Jun. 2018% Var.Sales631.27588.07 7 OPM %54.2359.24 -PBDT34.18108.81 -69 PBT15.5796.67 -84 NP10.6468.12 -84

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First Published: Aug 01 2019 | 5:53 PM IST

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