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Magma Fincorp jumps on reporting 41% surge in Q1 consolidated net profit

18 Jul 2013 Evaluate

Magma Fincorp is currently trading at Rs. 90.40, up by 0.40 points or 0.44% from its previous closing of Rs. 90.00 on the BSE.

The scrip opened at Rs. 92.25 and has touched a high and low of Rs. 94.65 and Rs. 89.65 respectively. So far 61,861 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 110.40 on 10-Jan-2013 and a 52 week low of Rs. 61.00 on 29-Aug-2012.

Last one week high and low of the scrip stood at Rs. 94.00 and Rs. 88.30 respectively. The current market cap of the company is Rs. 1,717 crore.

The promoters holding in the company stood at 33.66% while Institutions and Non-Institutions held 55.93% and 10.41% respectively.

The company has registered a surge of 70.07% in its net profit at Rs 43.35 crore for the quarter under review as compared to Rs 25.49 crore for the same quarter in the previous year. Total income from operation of the company has increased by 43.26% at Rs 436.63 crore for Q1FY14 as compared Rs 304.79 crore for the corresponding quarter previous year.

On the consolidated basis, the group registered a gain of 40.81% in its net profit at Rs 43.72 crore for the quarter as compared to Rs 31.05 crore for the same quarter in the previous year. Total income from operation of the company, on consolidated basis, has surged by 49.18% at Rs 485.20 crore for quarter under review as compared to Rs 325.25 crore for the quarter ended June 30, 2012.

Poonawalla Fincorp Share Price

414.00 6.75 (1.66%)
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