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    Magma Q3 net fell 60% on forex loss, eyes home loans

    Kolkata-based Magma Fincorp’s third quarter (October-December) net profit fell by around 60% to Rs 14 crore as the company took a hit of Rs 5 crore forex loss. Moreover, the non-banking finance company, which earlier used to earn income from sales of loan portfolios, has reduced its exposure to securitization from 52% to 12%.

    January 16, 2012 / 19:33 IST

    Moneycontrol Bureau

    Kolkata-based Magma Fincorp

    first published: Jan 16, 2012 06:24 pm

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