Stock Report

Magma Fincorp Ltd Q2 consolidated net profit up at Rs. 38.05 crore



Posted On : 2020-11-07 17:53:26( TIMEZONE : IST )

Magma Fincorp Ltd Q2 consolidated net profit up at Rs. 38.05 crore

MAGMA FINCORP LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.602.64 crores during the period ended September 30, 2020 as compared to Rs.569.90 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.38.05 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.37.71 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.41 for the period ended September 30, 2020 as compared to Rs.1.40 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 602.64 crs₹ 569.90 crsUp Tick 5.74%
Net Profit₹ 38.05 crs₹ 37.71 crsUp Tick 0.9%
EPS₹ 1.41₹ 1.40Up Tick 0.71%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.602.64 crores during the period ended September 30, 2020 as compared to Rs.672.33 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.38.05 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.29.53 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.1.41 for the period ended September 30, 2020 as compared to Rs.1.10 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 602.64 crs₹ 672.33 crsDown Tick -10.37%
Net Profit₹ 38.05 crs₹ 29.53 crsUp Tick 28.85%
EPS₹ 1.41₹ 1.10Up Tick 28.18%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1172.54 crores during the 6 months period ended September 30, 2020 as compared to Rs.1316.65 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.75.76 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.40.17 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.2.81 for the 6 months period ended September 30, 2020 as compared to Rs.1.49 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 1172.54 crs₹ 1316.65 crsDown Tick -10.95%
Net Profit₹ 75.76 crs₹ 40.17 crsUp Tick 88.6%
EPS₹ 2.81₹1.49Up Tick 88.59%

Shares of MAGMA FINCORP LTD. was last trading in BSE at Rs.41.8 as compared to the previous close of Rs. 41.5. The total number of shares traded during the day was 113749 in over 630 trades.

The stock hit an intraday high of Rs. 42.55 and intraday low of 41.1. The net turnover during the day was Rs. 4760686.

Source : Equity Bulls

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