Financial Summary

Magma's overall business increased to Rs 10,387 crores in FY13, up by 40% over FY 12 on the back of disbursement growth and acquisition of portfolio. Assets under Management of the company as on 31 March 2013 was recorded at Rs 18, 378 crores, up 38% over closing AUM of FY12.
 
The company registered a Net Interest Spread (NIS) of 4.91% in FY 13 against 3.40% registered in FY 12.

The company registered a 58% growth in revenue for FY13 to Rs 1701.5 crores. In the backdrop of a 151 bps increase in spreads, the company registered a PAT of Rs 144.9 crores for FY13 – highest ever to date.

Magma has started 3 new businesses including Gold Loans and General Insurance this year which in a few months into operations, have performed well. Magma's acquisition of GE Money’s Mortgage business was also an important milestone in FY13.

Magma has opened 75 new branches in FY13 to ramp up its distribution network significantly.