Tuesday, January 17, 2012

Magma Fincorp Limited = RESULTS FOR = Q3 FY 2012 = Q/E DEC,2011 = HIGH INTEREST REDUCES PROFITS


Magma Fincorp Limited

NSE Symbol        MAGMA

CONSOLIDATED RESULTS

FOR Q3 FY 2012 ENDED DEC,2011


Ø On a consolidated Basis, MAGMA Fincorp has posted total operating Income of Rs.278.22 cr – against Rs.251.86 cr in previous qtr and Rs.225.38 cr in corresponding Qtr.
Ø Profit from operations stands at Rs.196.38 cr in current qtr – compared to Rs. 174.82 cr in previous qtr and Rs.145.41 cr in corresponding qtr.
Ø Profit Before tax stands at Rs.20.57 cr in current quarter, compared to. Rs.30.24 cr  In previous qtr and Rs. 49.03 Cr in corresponding qtr. This is due to Higher Interest expenses.
Ø Net (consolidated) profit after tax & Minority Interest  stands at Rs.13.22 cr in current Qtr – compared to Rs.20.58 cr in previous qtr and Rs,32.19 cr in corresponding qtr.
Ø Equity stands at Rs.37.95 cr.
Ø Basic EPS stands at Rs.0.51 in current Qtr – against Rs.0.98 in previous qtr ; and Rs.2.25 in corresponding qtr.
Ø On A face value of Rs.2, the cumulative EPS upto Dec,2011 is Rs.2.46 , while the annual EPS for y/e March,2011 was Rs.8.57.
Ø Thus, Higher Interest Expense has reduced Magma FinCorp’s profits considerably in current and previous quarters both.

The stand Alone Results which also reflect approximately the same picture is given below :

MAGMA fincorp
31-Dec-11
30-Sep-11
30-Jun-11
31-Mar-11
31-Dec-10
Net SaleS
25285.23
22563.44
19434.58
25318.27
20304.78
Other Operating Income
1419.5
1570.84
1604.72
1318.54
1336.69
Employees Cost
3441.9
3569.92
3856.36
3965.57
3185.57
Depreciation
632.8
622.09
649
662.09
717.11
Other Expenditure
4102.98
3541.01
3039.74
6616.78
3909.31
Total Expenditure
8177.68
7733.02
7545.1
11244.44
7811.99
Profit from Operations
18527.05
16401.26
13494.2
15392.37
13829.48
Other Income
-0.44
7.92
108.44
39.54
43.14
Interest
16855.26
13787.5
11490.84
9161.33
9254.28
Profit before tax
1671.35
2621.68
2111.8
6270.58
4618.34
Tax expense
542.76
763.99
686.43
1985.31
1540.22
Net Profit
1128.59
1857.69
1425.37
4285.27
3078.12
Face Value (In Rs
2
2
2
2
2
Paid Up Equity
3794.64
3593.27
3592.56
2595.47
2595.47
Basic EPS
0.41
0.87
0.88
3.05
2.14
Public holding (%)
66.3
69.98
70.67
58.37
58.37

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