Magma Fincorp Reported Net Loss Of Rs.121.9 Crore In Q4FY17



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Magma Fincorp's NII Declined By 9.3% Yoy To Rs 303 Cr Due To 11% Decline In Finance And Mortgages.
The Company Reported Improvement In NIM In Q4Fy17 At 7.6% Vs 7.5% In Q4FY16.While AUM For The Year Stood At 16101 Crore Down 11% Yoy In FY17.bonaz capital
The Company Reported Net Loss Of Rs.121 Crore In Q4FY17 Vs Net Profit Of Rs.66 Crore  In Q4FY16.
Looking At Full  Year Numbers NII For The Year Declined By 5% Yoy To Rs.1220 Crore In FY17 Vs Rs1285 Crore In FY16. The Net Profit For The Year Also Declined By 94% To Rs.12.7 Crore Vs Rs213 Crore Inn FY16.
Technical View:bonaz capital
Magma Fincorp Ltd Is Currently Trading At Rs. 130.5, Up By 2.7 Points Or 2.11% From Its Previous Closing Of Rs. 127.8 On The BSE.
The Scrip Opened At Rs. 128 And Has Touched A High And Low Of Rs. 134.9 And Rs. 118.3 Respectively. So Far 2476379(NSE+BSE) Shares Were Traded On The Counter. The Stock Is Currently Trading Below Its 50 DMA.

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