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Magma Fincorp reports standalone net loss of Rs 102.49 crore in the March 2017 quarter

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Capital Market

Sales decline 12.01% to Rs 471.85 crore

Net loss of Magma Fincorp reported to Rs 102.49 crore in the quarter ended March 2017 as against net profit of Rs 56.14 crore during the previous quarter ended March 2016. Sales declined 12.01% to Rs 471.85 crore in the quarter ended March 2017 as against Rs 536.26 crore during the previous quarter ended March 2016.

For the full year,net profit declined 96.74% to Rs 6.10 crore in the year ended March 2017 as against Rs 187.15 crore during the previous year ended March 2016. Sales declined 6.48% to Rs 1972.98 crore in the year ended March 2017 as against Rs 2109.64 crore during the previous year ended March 2016.

 
ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales471.85536.26 -12 1972.982109.64 -6 OPM %13.5662.84 -48.0460.38 - PBDT-137.8594.04 PL 59.00305.31 -81 PBT-150.0985.12 PL 10.71265.97 -96 NP-102.4956.14 PL 6.10187.15 -97

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First Published: May 11 2017 | 5:15 PM IST

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