Magma Q1 profit falls 6%, but posts higher NIM

Non-banking finance company Magma Fincorp June quarter net profit declined by 6% year-on-year to Rs 17.13 crore on the back of higher interest charges and absence of any one-off income component.

Saikat Das
Moneycontrol.com

Non-banking finance company Magma Fincorp June quarter net profit declined by 6% year-on-year to Rs 17.13 crore on the back of higher interest charges and absence of any one-off income component.

first published: Jul 12, 2011 05:59 pm

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Magma Q1 profit falls 6%, but posts higher NIM

Non-banking finance company Magma Fincorp June quarter net profit declined by 6% year-on-year to Rs 17.13 crore on the back of higher interest charges and absence of any one-off income component.

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