Quarterly Result
- Unaudited Financial Results for the
Quarter Ended 31st December 2010
| Unaudited Financial Results for the Quarter Ended
31st December 2010 |
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|
|
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(Rs. in lacs) |
| P
a r t i c u l a r s |
Quarter
Ended |
Year
To Date |
Year
Ended 31st March 2010 |
| 31st
December 2010 |
31st
December 2009 |
31st
December 2010 |
31st
December 2009 |
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
| 1. |
Income From Operations |
20,304.78 |
16,052.42 |
53,683.55 |
44,096.41 |
63,653.11 |
| 2. |
Other Operating Income |
1,336.69 |
1,516.44 |
4,243.50 |
4,792.53 |
6,277.77 |
| |
Total Operating Income (A) |
21,641.47 |
17,568.86 |
57,927.05 |
48,888.94 |
69,930.88 |
| 3. |
Staff Cost |
3,185.57 |
2,680.83 |
9,499.42 |
7,915.88 |
10,533.55 |
| 4. |
Depreciation |
717.11 |
814.01 |
2,122.98 |
2,500.97 |
3,278.58 |
| 5. |
Brokerage & Commission |
1,666.20 |
1,164.57 |
4,611.25 |
3,364.03 |
5,021.72 |
| 6. |
Bad Debts Written-off |
683.83 |
1,057.77 |
2,114.95 |
2,645.89 |
4,001.85 |
| 7. |
Other Operative & Administrative Expenses |
1,559.28 |
1,190.49 |
4,276.84 |
3,475.50 |
5,536.11 |
| |
Total Operating Expenditure (B) |
7,811.99 |
6,907.67 |
22,625.44 |
19,902.27 |
28,371.81 |
| 8. |
Profit From Operations Before Other Income &
Interest (A-B) |
13,829.48 |
10,661.19 |
35,301.61 |
28,986.67 |
41,559.07 |
| 9. |
Other Income |
43.14 |
87.42 |
129.58 |
290.06 |
370.01 |
| 10. |
Profit Before Interest & Tax |
13,872.62 |
10,748.61 |
35,431.19 |
29,276.73 |
41,929.08 |
| 11. |
Interest & Finance Charges |
9,254.28 |
8,254.01 |
24,651.67 |
23,020.60 |
31,624.96 |
| 12. |
Profit Before Tax |
4,618.34 |
2,494.60 |
10,779.52 |
6,256.13 |
10,304.12 |
| 13. |
Tax Expense (Includes Deferred Tax) |
1,540.22 |
854.41 |
3,621.47 |
2,142.73 |
3,658.09 |
| 14. |
Profit After Tax |
3,078.12 |
1,640.19 |
7,158.05 |
4,113.40 |
6,646.03 |
| 15. |
Paid-up Equity Capital (Face Value of Rs.2/-Each) |
2,595.47 |
2,177.71 |
2,595.47 |
2,177.71 |
2,177.71 |
| 16. |
Reserves & Surplus |
- |
- |
- |
- |
32,670.78 |
| 17. |
Earning Per Share |
|
|
|
|
|
| |
- Basic (In Rs.) |
2.14 |
1.32 |
5.04 |
3.22 |
5.46 |
| |
- Diluted (In Rs.) |
2.08 |
1.32 |
4.91 |
3.21 |
5.45 |
| 18. |
Public Shareholding |
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|
|
|
|
| |
- Number Of Shares |
75,746,047 |
54,952,200 |
75,746,047 |
54,952,200 |
54,806,585 |
| |
- Percentage Of Shareholding |
58.37% |
50.47% |
58.37% |
50.47% |
50.33% |
| 19. |
Promotors and promotor group Shareholding |
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a) Pledged/Encumbered |
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- Number of Shares |
- |
- |
- |
- |
- |
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- % 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 |
54,027,503 |
53,933,500 |
54,027,503 |
53,933,500 |
54,079,115 |
| |
- % of Shares (to total shareholding of promotor and promotor
group) |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| |
- % of Shares (to total share capital of the Company) |
41.63% |
49.53% |
41.63% |
49.53% |
49.67% |
Notes
: |
| 1. |
The financial results have been
reviewed by the Audit Committee and recommended for adoption
to the Board of Directors. The Board of Directors of the Company
have considered and approved the same at its Meeting held
on 14th January 2011.
|
| 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. |
The Company is engaged primarily in the business
of financing in India and as such no separate information
as per Accounting Standard 17 (Segment Reporting) is required
to be furnished.
|
| 4. |
Pursuant to the approval of the shareholders
at the Annual General Meeting held on 15th July 2010, the
equity shares of face value of Rs. 10/- each were sub-divided
into 5 equity shares of face value of Rs. 2/- each on record
date of 16th August 2010. Accordingly, the EPS has been recalculated
based on face value of Rs. 2/- each for the current quarter
and for the earlier periods as required by Accounting Standards
20 (Earnings Per Share).
|
| 5. |
The Company has allotted on preferential basis
on 19th November 2010, 4,25,450 Equity Shares of Rs. 2/- each,
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 12,97,73,550 equity shares
of Rs. 2/- each aggregating to Rs. 2595.47 lacs.
|
| 6. |
Previous year / quarter figures are regrouped
/ restated, wherever found necessary.
|
| 7. |
There was no investor complaint pending as on
31st December 2010. During the quarter, 1 (one) complaint
was received and duly resolved.
|
By order of the Board
Magma Fincorp Limited |
Place : Kolkata - 700 016
Dated : 14th January 2011 |
Sanjay Chamria
Vice Chairman & Managing Director |
| Registered Office : Magma House,
24 Park Street, Kolkata - 700 016 |
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