Magma Fincorp Ltd

Type: Company
Name: Magma Fincorp Ltd
First reported Oct 17 2014 - Updated Oct 17 2014 - 1 reports

Lending to mining sector stressed due to slow growth: NBFC official

Lending to mining sector is stressed because of slow growth in the sector accentuated by factors like high risk, large exposure and small margins, resulting in diversification of loans to auto and other sectors, a senior official of Non Banking Financial ... [Published Business Standard India - Oct 17 2014]
First reported Oct 14 2014 - Updated Oct 14 2014 - 1 reports

Magma targets 20% growth in loans for used cars & tractors

Asset finance company Magma Fincorp is targeting 20 per cent higher loan disbursement at Rs 10,500 crore this financial year, focussing mainly on used vehicles loans, housing loans and tractor loans.“There is a healthy pickup in demand for tractor, used ... [Published Financial Chronicle - Oct 14 2014]
First reported Oct 14 2014 - Updated Oct 14 2014 - 1 reports

Magma targets 25% growth in Maharashtra

Kolkata-based NBFC Magma Fincorp plans to grow its business in Maharashtra by 25 per cent during the current fiscal.The company had disbursed Rs 400 crore in the State against Rs 8,400 crore in the country during last fiscal, and grew 33 per cent overall ... [Published Hindu Business Line - Oct 14 2014]
Entities: Magma Fincorp Ltd, Bank
First reported Oct 11 2014 - Updated Oct 11 2014 - 1 reports

Magma Fincorp Ltd to consider quarterly results on November 6, 2014

A meeting of the Board of Directors of Magma Fincorp Ltd will be held on November 06, 2014, to take on record and approve the Unaudited Financial Results (Standalone as well as Consolidated) for the quarter ended September 30, 2014.Pursuant to the provisions ... [Published Equity Bulls - Oct 11 2014]
First reported Oct 07 2014 - Updated Oct 07 2014 - 1 reports

Karvy Financial in talks to raise close to $100M from PE firms

Non-banking finance company Karvy Financial Services Ltd is mulling to raise around Rs 600 crore ($98 million) and is in talks with 3-4 private equity firms to scoop up the money over the next six months, The Economic Times reported citing Amit Saxena, ... [Published VC Circle - Oct 07 2014]
First reported Sep 30 2014 - Updated Sep 30 2014 - 1 reports

IFC investing up to $75M in Clearwater's Indian lending arm for distressed assets

International Finance Corporation (IFC), the private sector investment arm of the World Bank, has proposed to invest up to Rs 450 crore ($75 million) in Clearwater India Ltd (CIL), an India-focused non banking finance corporation (NBFC) which lends to ... [Published VC Circle - Sep 30 2014]
First reported Sep 24 2014 - Updated Sep 24 2014 - 1 reports

IIFL Corporate Day: Magma Fincorp Key Takeaways

Represented by: Ujjwal Das (AVP & Head IR)Market Cap: Rs22.3bn; Promoter shareholding: 33.6%FY14 FinancialsPAT Net Worth D/E RoE RoA Rs1.5bn Rs15bn - 9.3% 1.2%Company Profile: Magma Fincorp is a mid-size NBFC with an AUM of Rs18.3bn. Over the past couple ... [Published India Infoline - Sep 24 2014]
First reported Sep 23 2014 - Updated Sep 23 2014 - 1 reports

Magma eyes 20% growth in Bihar

Leading Non-Banking Finance Company Magma Fincorp Ltd today set a target of 20 per cent growth in Bihar in the 2015 fiscal.The Kolkata-based group will focus on car loans, tractor loans and Suvidha (used vehicle loans) to deliver the numbers, Dhrubashish ... [Published Business Standard India - Sep 23 2014]
First reported Sep 23 2014 - Updated Sep 23 2014 - 1 reports

IIFL Corporate Day on Sept 23

The market may be at new highs but investors are constantly looking at actionable ideas to ride the bull run. IIFL believes, the upbeat sentiment is still moderately captured in the prices of many stocks, especially the mid-caps.IIFL has organised a Corporate ... [Published India Infoline - Sep 23 2014]
First reported Sep 13 2014 - Updated Sep 13 2014 - 1 reports

Magma Fincorp targets 25% growth in TN

at 7:25 am |Magma Fincorp Ltd., a leading NBFC, has announced its business growth plan for Tamil Nadu. The Kolkata-based company, with strong presence in semi-urban and rural Tamil Nadu, is aiming to grow business volume by 25 per cent in 2015 over its ... [Published MotorIndia - Sep 13 2014]
First reported Sep 12 2014 - Updated Sep 12 2014 - 1 reports

Magma Fincorp's Disbursement To Cross Rs.10,000 Crore This Fiscal

HYDERABAD: Leading non-banking financial company Magma Fincorp Ltd will cross 10,00 crore disbursements during the current financial year, its officials said.The company listed on Bombay Stock Exchange and National Stock Exchange disbursed 9,081 crore ... [Published Silicon India - Sep 12 2014]
First reported Sep 11 2014 - Updated Sep 12 2014 - 3 reports

Magma Fincorp surges on plan to increase focus on vehicle loans in Andhra Pradesh, Telangana

Magma Fincorp is currently trading at Rs. 131.90, up by 2.85 points or 2.21% from its previous closing of Rs. 129.05 on the BSE.The scrip opened at Rs. 130.00 and has touched a high and low of Rs. 134.00 and Rs. 128.75 respectively. So far 21460 shares ... [Published Indian-Commodity - Sep 12 2014]

Quotes

"We will bank on car loans and tractor loans to drive our numbers in Gujarat this year. Our focus on auto loans which has been our mainstay in the state so far will also continue and we are confident that our renewed focus on the rural and semi rural markets will come useful" said Khandelwal
"Besides events like Corporate Day, IIFL has organised hundreds of Investor Meets across the country. The theme unveiled in December 2013 was Are you ready for the Bull Run? Investor interest saw a revival as IIFL experts visited multiple cities and we plan to continue such meets in various cities" Amar Ambani added
"We are targeting 20 per cent growth in the present financial year by increasing our disbursal of loans for cars and tractors" Dhrubashish Bhattacharya, Vice-President and Head-Sales, told newspersons here on Thursday
"Hopefully, things will recover in a couple of months. We expect that in festive season sales volume will increase" he added. (IANS)

More Content

All (23) | News (23) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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RBI MAY LOOK TO COMPANIES TO SLASH PRICES BEFOR... [Published IPA Newspack.com - Oct 18 2014]
Lending to mining sector stressed due to slow g... [Published Business Standard India - Oct 17 2014]
Magma targets 20% growth in loans for used cars... [Published Financial Chronicle - Oct 14 2014]
Magma targets 25% growth in Maharashtra [Published Hindu Business Line - Oct 14 2014]
Magma Fincorp Ltd to consider quarterly results... [Published Equity Bulls - Oct 11 2014]
Karvy Financial in talks to raise close to $100... [Published VC Circle - Oct 07 2014]
IFC investing up to $75M in Clearwater's Indian... [Published VC Circle - Sep 30 2014]
IIFL Corporate Day: Magma Fincorp Key Takeaways [Published India Infoline - Sep 24 2014]
Magma eyes 20% growth in Bihar [Published Business Standard India - Sep 23 2014]
IIFL Corporate Day on Sept 23 [Published India Infoline - Sep 23 2014]
Trade Talk [Published Calcutta Telegraph - Sep 15 2014]
Magma Fincorp targets 25% growth in TN [Published MotorIndia - Sep 13 2014]
Magma Fincorp's Disbursement To Cross Rs.10,000... [Published Silicon India - Sep 12 2014]
BSE Midcap index crosses 10,000 mark after more... [Published Business Standard India - Sep 12 2014]
Magma Fincorp surges on plan to increase focus ... [Published Indian-Commodity - Sep 12 2014]
Magma Fincorp to increase focus on vehicle loan... [Published Indian-Commodity - Sep 12 2014]
Top corporate news of the day - September 12, 2014 [Published India Infoline - Sep 12 2014]
Magma Fincorp to step up focus on auto loans [Published Hindu Business Line - Sep 11 2014]
Marginal rise in Magma net [Published Calcutta Telegraph - Aug 01 2014]
Two city firms in cash chase [Published Calcutta Telegraph - May 11 2014]
Punch after permit pang [Published Calcutta Telegraph - Apr 04 2014]
Magma Fin net profit takes a hit [Published Calcutta Telegraph - Feb 01 2014]
Magma Fincorp focusing on western, southern India [Published Topnews.in - Sep 05 2011]
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