Magma Fincorp has reported unaudited results for the first quarter ended June 30, 2011.
On consolidated basis, the Group’s net profit after tax and minority interest for the quarter has declined 7.51% at Rs 16.38 crore as compared to Rs 17.71 crore for the quarter ended June 30, 2010. Its total operating income has increased by 22.90% at Rs 220.05 crore for the quarter under review as compared to Rs 179.05 crore for the similar quarter of the previous year.
Magma Fincorp is a non-deposit taking non-banking finance company (NBFC), registered with the Reserve Bank of India (RBI) as an Asset Finance Company. The company, having started operations over two decades back, is listed on the Bombay Stock Exchange and the National Stock Exchange in India.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
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