Magma Fincorp declares its Q4 results

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Magma Fincorp declares its Q4 results
Magma Fincorp Ltd. has posted its results for the fourth quarter ending, March 2011. The company has registered an increase in its income from operations by 28.21 per cent, to reach Rs. 25,851.83 lakh in the quarter ended March 2011 as compared to Rs. 20,162.85 lakh in the corresponding quarter last year.

The company has recorded increase in net profit by 69 per cent, to reach Rs. 4,439.29 lakh in the quarter ended March 2011 from Rs. 2,616.39 lakh in the quarter ended March 2010. Moreover, the expenditure has also increased to Rs. 10,855.37 lakh in the March 2011 quarter, from Rs. 8,629.95 lakh in the corresponding quarter last year. 

The other income of the company decreased to Rs. 39.54 lakh from Rs. 79.95 lakh in the quarter ended March 2010.

The paid up equity share capital of the company in the quarter ended March 2011 amounted to Rs. 2,595.47 lakh from Rs 2,177.71 lakh.

The tax expense of Magma Fincorp Ltd. stood at Rs. 2,104.74 lakh in the quarter ended March 2011 as compared to Rs. 1,579.90 lakh during the corresponding quarter last year.

Read more about: magna fincorp, finance
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