Magma Fincorp Q1 net jumps 93%

Last Updated: Thursday, July 12, 2012, 18:03

City-based non-banking finance company (NBFC) Magma Fincorp Thursday reported a 92.76 percent jump in its consolidated net profit to Rs.33.02 crore for the quarter ended June 30, 2012, from Rs.17.13 crore during the same period a year ago.

Magma Fincorp plans to start gold finance biz in H1 of FY13

Last Updated: Thursday, February 16, 2012, 20:00

Magma Fincorp plans to start gold finance business in the first half of next financial year.

Magma Fincorp hopeful of getting insurance licence next year

Last Updated: Wednesday, December 28, 2011, 23:00

A company goes through three stages of approval before entering into general insurance business.

Magma Fincorp focusing on western, southern India

Last Updated: Monday, September 5, 2011, 11:02

Magma Fincorp Limited, one of the largest asset financing non-banking financial companies (NBFCs) in India, is focusing on western and southern parts of the country to achieve 50 percent business growth.