Quarterly Result
- Unaudited Financial Results
for the Quarter Ended 30th June 2010
| Unaudited Financial Results for the Quarter Ended 30th June 2010 |
| |
|
|
|
(Rs. in lacs) |
| P
a r t i c u l a r s |
Quarter
ended |
Year
ended 31st March 2010 |
| 30th
June 2010 |
30th
June 2009 |
| |
|
(Unaudited) |
(Unaudited) |
(Audited) |
| 1. |
Income From Operations |
15,656.67 |
12,480.31 |
63,653.11 |
| 2. |
Other Operating Income |
1,550.61 |
1,609.75 |
6,277.77 |
| |
Total Operating Income (A) |
17,207.28 |
14,090.06 |
69,930.88 |
| 3. |
Staff Cost |
3,190.88 |
2,374.86 |
10,533.55 |
| 4. |
Depreciation |
728.36 |
848.62 |
3,278.58 |
| 5. |
Brokerage & Commission |
1,591.30 |
1,069.12 |
5,021.72 |
| 6. |
Bad Debts Written-off |
972.68 |
965.61 |
4,001.85 |
| 7. |
Other Operative & Administrative
Expenses |
1,227.26 |
931.47 |
5,536.11 |
| |
Total Operating Expenditure (B) |
7,710.48 |
6,189.68 |
28,371.81 |
| 8. |
Profit From Operations Before Other
Income & Interest (A-B) |
9,496.80 |
7,900.38 |
41,559.07 |
| 9. |
Other Income |
35.78 |
113.13 |
370.01 |
| 10. |
Profit Before Interest & Tax |
9,532.58 |
8,013.51 |
41,929.08 |
| 11. |
Interest & Finance Charges |
7,029.78 |
6,477.16 |
31,624.96 |
| 12. |
Profit Before Tax |
2,502.80 |
1,536.35 |
10,304.12 |
| 13. |
Tax Expense (Includes Deferred Tax) |
862.65 |
522.05 |
3,658.09 |
| 14. |
Profit After Tax |
1,640.15 |
1,640.15 |
6,646.03 |
| 15. |
Paid-Up Equity Capital (Face Value
Rs.10/-Each) |
2,586.96 |
2,177.71 |
2,177.71 |
| 16. |
Reserves & Surplus |
- |
- |
32,670.78 |
| 17. |
Earning Per Share |
|
|
|
| |
- Basic (In Rs.) |
6.05 |
3.74 |
27.31 |
| |
- Diluted (In Rs.) |
6.02 |
3.73 |
27.25 |
| 18. |
Public Shareholding |
|
|
|
| |
- Number Of Shares |
15,053,797 |
11,056,440 |
10,961,317 |
| |
- Percentage Of Shareholding |
58.19% |
50.77% |
50.33% |
| 19. |
Promotors and promotor group Shareholding |
|
|
|
| |
a) Pledged/Encumbered |
|
|
|
| |
- Number of Shares |
- |
- |
- |
| |
- % of Shares (to
total shareholding of promotor and promotor group) |
- |
- |
- |
| |
- % of Shares (to
total share capital of the Company) |
- |
- |
- |
| |
b) Non-encumbered |
|
|
|
| |
- Number of Shares |
10,815,823 |
10,720,700 |
10,815,823 |
| |
- % of Shares (to
total shareholding of promotor and promotor group) |
100.00% |
100.00% |
100.00% |
| |
-
% of Shares (to total share capital of the Company) |
41.81% |
49.23% |
49.67% |
|
Notes : |
| 1. |
The financial results have been reviewed by the
Audit Committee and taken on record and approved by the Board
of Directors of the Company at its Meeting held on 15th July
2010. |
| 2. |
The Statutory Auditors have carried out the Limited
Review of the unaudited financial results as required under
Clause 41 of the listing agreement. |
| 3. |
During the quarter, the Company has allotted,
20,00,000 Warrants to a Promoter carrying an option / entitlement
to subscribe to equivalent number of Equity Shares at a price
of Rs. 250/- per Equity Share, on a future date not exceeding
18 months from the date of issue of such Warrants in terms
of provisions of SEBI Guidelines for Preferential Issue (Chapter
VII of the SEBI (Issue and Disclosure Requirements) Regulations,
2009). |
| 4. |
During the quarter, the Company has, for augmenting
capital adequacy and long term resources, allotted, 40,67,220
Equity Shares to Qualified Institutional Buyers (QIBs) in
the Qualified Institutions Placement under chapter VIII of
the SEBI (Issue of Capital and Disclosure Requirements) Regulations,
2009 at a price of Rs. 301/- per Equity Share (including premium
of Rs. 291/- per share) aggregating Rs. 12,242.33 Lacs. Further,
the Company has allotted on preferential basis on 25th May,
2010, 25,260 Equity Shares, under Employee Stock Option Plan
(ESOP) pursuant to SEBI (ESOS and ESPS) Guidelines, 1999 to
the eligible employees of the Company. The total paid-up Equity
Share Capital of the Company stands increased to 2,58,69,620
Equity Shares of Rs.10/- each aggregating to Rs. 2,586.96
Lacs. |
| 5. |
During the quarter, the Company has
raised a sum of Rs. 35 Crores by alloting 25,00,000, 12%,
Cumulative Redeemebale Non-Convertible Preference Shares of
Rs. 100/- each aggregating Rs. 25 Crores and 10,00,000, 9.6%
Cumulative Redeemable Non Convertible Preference shares of
Rs. 100/- each aggregating Rs. 10 Crore respectively on private
placement basis for augmenting the working capital requirements
of the Company. |
| 6. |
The Company is engaged primarily
in the business of financing and only in India and as such
no separate information as per Accounting Standard 17 (Segment
Reporting) is required to be furnished. |
| 7. |
There was no investor complaint pending
as on 30th June 2010. During the quarter, 1 (one) complaint
was received and duly resolved. |
|
|
By order of the Board
For Magma Fincorp Limited |
Place : Kolkata - 700 016
Dated : 15th July 2010 |
|
Sanjay Chamria
Vice Chairman & Managing Director |
Registered Office
: Magma House, 24 Park Street, Kolkata - 700 016 |
|
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