Magma Fincorp has reported results for third quarter ended December 31, 2012.
The company has posted about three-fold growth its net profit at Rs 33.00 crore for the quarter as compared to Rs 11.28 crore for the same quarter in the previous year. Total income of the company has increased by 56.45% at Rs 405.54 crore for quarter under review as compared to Rs 259.22 crore for the quarter ended December 31, 2011.
On consolidated basis, the company has posted growth of over two-fold in its net profit at Rs 36.42 crore for the quarter as compared to Rs 13.21 crore for the same quarter in the previous year. Total income of the company has increased by 55.20% at Rs 423.94 crore for quarter under review as compared to Rs 273.15 crore for the quarter ended December 31, 2011.
