:::MAGMA FINCORP LIMITED:::

Unaudited Financial Results for the Quarter Ended 30th June 2009

(Rs. in lacs)

P a r t i c u l a r s

Quarter ended

Year ended 31st March 2009

(Unaudited)

(Audited)

1.

Income From Operations

12,480.31

12,552.62

56,927.84

2.

Other Operating Income

1,609.75

1,255.34

5,413.07

Total Operating Income (A)

14,090.06

13,807.96

62,340.91

3.

Staff Cost

2,374.86

2,067.03

9,992.15

4.

Depreciation

848.62

768.05

3,423.90

5.

Brokerage & Commission

1,069.12

1,578.26

4,625.65

6.

Bad Debts Written-off

965.61

746.53

4,151.19

7.

Other Operative & Administrative Expenses

931.47

909.52

5,806.76

Total Operating Expenditure (B)

6,189.68

6,069.39

27,999.65

8.

Profit From Operations Before Other Income & Interest (A-B)

7,900.38

7,738.57

34,341.26

9.

Other Income

113.13

43.04

207.50

10.

Profit Before Interest & Tax

8,013.51

7,781.61

34,548.76

11.

Interest & Finance Charges

6,477.16

5,624.18

28,536.23

12.

Profit Before Tax

1,536.35

2,157.43

6,012.53

13.

Tax Expense (Includes Deferred Tax)

522.05

737.20

2,108.29

14.

Profit After Tax

1,014.30

1,420.23

3,904.24

15.

Paid-Up Equity Capital (Face Value Rs.10/-Each)

2,177.71

16.

Reserves & Surplus

-

27,277.64

17.

Earning Per Share

- Basic (In Rs.)

3.74

5.35

14.69

- Diluted (In Rs.)

3.73

5.34

14.66

18.

Public Shareholding

- Number Of Shares

11,056,440

11,099,318

- Percentage Of Shareholding

50.77%

50.97%

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

10,720,700

10,677,822

- % of Shares (to total shareholding of promotor and promotor group)

100.00%

- % of Shares (to total share capital of the Company)

49.23%

49.03%

Notes :

1.

The said working 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 31st July 2009.

2.

The Statutory Auditors have carried out the Limited Review of the above results as required under Clause 41 of the listing agreement.

3.

The Company has challenged constitutional validity of Fringe Benefit Tax and filed a Writ Petition before the Hon’ble Court of Calcutta and has been granted stay order on the same. The case has since been transferred to Hon’ble Supreme Court and is yet to be finally disposed off by the Hon’ble Supreme Court. In view of this, the Company has not provided for any liability against Fringe Benefit Tax. In terms of Finance Bill, 2009, Fringe Benefit Tax is proposed to be withdrawn effective 1st April 2009.

4.

The Company is engaged primarily in the business of financing and only in one Geographical Segment viz. India. As such no separate Business and Geographical reportable segment's information as per Accounting Standard 17 (Segment Reporting) has been furnished in the above results.

5.

Previous year / quarter figures are regrouped / restated, wherever found necessary.

6.

There was no investor complaint pending as on 30th June 2009. During the quarter under review, one complaint was received and duly resolved.

By order of the Board
For Magma Fincorp Limited

Place : Kolkata - 700 016
Dated : 31st July 2009

Sanjay Chamria
Vice Chairman & Managing Director

Registered Office : Magma House, 24 Park Street, Kolkata - 700 016