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    HomeNewsBusinessEarningsMagma Q1 net profit rises 38%

    Magma Q1 net profit rises 38%

    Asset financing company Magma Fincorp on Thursday posted 38 percent rise in net profit at Rs 45.4 crore for the first quarter of 2013-14, compared to Rs 33 crore in the similar period last year.

    July 18, 2013 / 21:57 IST

    Asset financing company Magma Fincorp on Thursday posted 38 percent rise in net profit at Rs 45.4 crore for the first quarter of 2013-14, compared to Rs 33 crore in the similar period last year.

    Revenue during the quarter increased 45 percent at Rs 510 crore as compared to Rs 352 crore in the same period last financial year, the company said in a statement. Net Interest Spread (NIS) of the company stood at 5.54 percent for the quarter.

     

    first published: Jul 18, 2013 09:57 pm

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