MAGMA FINCORP LIMITED Statement of Consolidated Audited Financial Results for the Quarter and Year Ended 31 March 2014

Part - I (Rs. in lacs)

P a r t i c u l a r s

Quarter Ended

Year Ended

P a r t i c u l a r s

31 March

2014

31 December

2013

31 March

2013

31 March

2014

31 March

2013

P a r t i c u l a r s

(Unaudited)#

(Unaudited)

(Unaudited)#

(Audited)

(Audited)

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Income from operations

(a) Revenue from operations

(b) Operating result from general insurance business

55,392.55 (92.77)

53,194.40 (431.02)

49,351.77 (288.35)

2,09,641.44 (1,509.43)

1,66,004.97 (839.90)

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Total income from operations (net)

55,299.78

52,763.38

49,063.42

2,08,132.01

1,65,165.07

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Expenses

(a) Employee benefits expense

(b) Depreciation and amortisation expense

(c) Contingent provision against standard assets

(d) Provision for non-performing assets and bad debts written-off

(e) Brokerage and commission

(f) Other expenses

7,236.09

794.83 (315.00)

5,467.84

3,061.58

4,973.55

6,066.84

768.93

153.00

4,777.22

2,854.58

4,101.16

6,073.65

885.66

204.68

3,654.16

2,803.43

3,825.87

24,305.04

3,317.50

24.00

18,385.05

11,292.80

16,943.15

20,401.77

3,755.83

1,402.32

8,257.06

9,293.50

13,164.13

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Total expenses

21,218.89

18,721.73

17,447.45

74,267.54

56,274.61

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Profit from operations before other income and finance costs (1-2) Other income

(a) Market entry fee (net)

(b) Other income

34,080.89

-

821.89

34,041.65

-

793.77

31,615.97

-

1,530.95

1,33,864.47

-

3,610.89

1,08,890.46

1,395.52

3,586.58

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Profit from ordinary activities before finance costs (3+4)

Finance costs

34,902.78

29,787.10

34,835.42

30,627.67

33,146.92

26,611.90

1,37,475.36

1,17,707.18

1,13,872.56

92,624.60

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Profit from ordinary activities before tax (5-6)

Tax expense (includes deferred tax)

5,115.68

527.55

4,207.75

590.73

6,535.02

1,973.54

19,768.18

3,805.00

21,247.96

6,753.76

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Net Profit from ordinary activities after tax (7-8)

Minority interest

4,588.13

370.67

3,617.02

92.85

4,561.48

146.91

15,963.18

780.31

14,494.20

669.91

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Net Profit after taxes and minority interest (9-10)

4,217.46

3,524.17

4,414.57

15,182.87

13,824.29

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Paid-up equity share capital (Face value of Rs.2/- each)

Reserves and surplus

3,802.40

3,802.40

3,799.14

3,802.40

1,46,575.49

3,799.14

1,35,941.14

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Earnings per share (not annualised) (a) Basic (in Rs.)

(b) Diluted (in Rs.)

2.08

2.08

1.69

1.68

2.08

2.08

7.32

7.31

6.56

6.55

See accompanying notes to the financial results
# Balancing figures
Part - II

Select Information for the Quarter and Year Ended 31 March 2014 A. PARTICULARS OF SHAREHOLDING

P a r t i c u l a r s

Quarter Ended

Year Ended

P a r t i c u l a r s

31 March

2014

31 December

2013

31 March

2013

31 March

2014

31 March

2013

P a r t i c u l a r s

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

1.

2.

Public shareholding

- Number of shares

- Percentage of shareholding

Promoters and Promoter group shareholding a) Pledged / encumbered

- Number of shares

- % of shares (as a % of the total shareholding of promoter and promoter group)

- % of shares (as a % of the total share capital of the Company)

b) Non-encumbered

- Number of shares

- % of shares (as a % of the total shareholding of promoter and promoter group)

- % of shares (as a % of the total share capital of the Company)

12,61,88,012

66.37%

-

-

-

6,39,31,963

100.00%

33.63%

12,61,88,012

66.37%

-

-

-

6,39,31,963

100.00%

33.63%

12,60,24,812

66.34%

48,43,576

7.58%

2.55%

5,90,88,387

92.42%

31.11%

12,61,88,012

66.37%

-

-

-

6,39,31,963

100.00%

33.63%

12,60,24,812

66.34%

48,43,576

7.58%

2.55%

5,90,88,387

92.42%

31.11%

B. INVESTOR COMPLAINTS

P a r t i c u l a r s

Quarter Ended

P a r t i c u l a r s

31 March

2014

Pending at the beginning of the quarter

Received during the quarter

Disposed-off during the quarter

Remaining unresolved at the end of the quarter

Nil Nil Nil

Nil

Page 1 of 3

MAGMA FINCORP LIMITED Statement of Consolidated Audited Financial Results for the Quarter and Year Ended 31 March 2014 Consolidated Segment Reporting for the Quarter and Year Ended 31 March 2014

(Rs. in lacs)

P a r t i c u l a r s

Quarter Ended

Year Ended

P a r t i c u l a r s

31 March

2014

31 December

2013

31 March

2013

31 March

2014

31 March

2013

P a r t i c u l a r s

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

(Audited)

1.

2.

3.

REVENUE *

(a) Finance and mortgages

(b) General insurance

(c) Others

55,891.70 (28.13)

258.10

53,696.74 (372.36)

232.77

50,719.66 (380.73)

255.44

2,11,550.68 (1,230.82)

1,423.04

1,69,285.46 (436.03)

1,297.74

1.

2.

3.

TOTAL REVENUE

56,121.67

53,557.15

50,594.37

2,11,742.90

1,70,147.17

1.

2.

3.

RESULT - PROFIT BEFORE TAX

(a) Finance and mortgages

(b) General insurance

(c) Others

5,216.75 (28.13) (72.94)

4,684.83 (372.36) (104.72)

7,081.66 (441.80) (104.84)

20,927.47 (1,230.82)

71.53

21,692.81 (499.26)

54.41

1.

2.

3.

TOTAL

5,115.68

4,207.75

6,535.02

19,768.18

21,247.96

1.

2.

3.

CAPITAL EMPLOYED

(a) Finance and mortgages

(b) General insurance

(c) Others

1,56,668.01

6,486.49

5,523.01

1,55,477.31

6,569.39

5,551.93

1,49,158.90

7,348.14

5,484.99

1,56,668.01

6,486.49

5,523.01

1,49,158.90

7,348.14

5,484.99

1.

2.

3.

TOTAL

1,68,677.51

1,67,598.63

1,61,992.03

1,68,677.51

1,61,992.03

* Includes 'Other income'

Consolidated Statement of Assets and Liabilities

(Rs. in lacs)

P a r t i c u l a r s

As at

31 March

2014

As at

31 March

2013

P a r t i c u l a r s

(Audited)

(Audited)

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

18,780.40

1,46,575.00

0.49

23,499.18

1,35,941.14

-

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

1,65,355.89

1,59,440.32

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

3,321.62

3,21,893.27

2,846.04

15,684.74

2,551.71

3,86,927.37

5,447.62

8,297.95

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

3,40,424.05

4,00,672.94

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

5,23,276.53

27,049.83

2,45,809.65

12,578.44

5,76,710.52

26,529.39

1,37,365.30

8,110.79

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

8,08,714.45

7,48,716.00

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

13,17,816.01

13,11,380.97

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

19,798.86

29,200.96

7,41,170.86

17,692.38

19,023.11

19,960.29

7,22,376.26

20,814.83

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

8,07,863.06

7,82,174.49

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

10,990.20

1,551.53

82,659.35

4,02,729.33

12,022.54

6,732.40

619.26

1,21,784.70

3,90,044.23

10,025.89

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

5,09,952.95

5,29,206.48

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

A.

1.

2.

3.

4.

B.

1.

2.

EQUITY AND LIABILITIES

Shareholders' funds

(a) Share capital

(b) Reserves and surplus

(c) Fair value change account

Sub-total - shareholders' funds

Minority interest

Non-current liabilities

(a) Long-term borrowings

(b) Deferred tax liabilities (net) (c) Long-term provisions

Sub-total - non-current liabilities

Current liabilities

(a) Short-term borrowings

(b) Trade payables

(c) Other current liabilities

(d) Short-term provisions

Sub-total - current liabilities

TOTAL - EQUITY AND LIABILITIES ASSETS

Non-current assets

(a) Fixed assets

(b) Non-current investments

(c) Long-term loans and advances

(d) Other non-current assets

Sub-total - non-current assets

Current assets

(a) Current investments

(b) Trade receivables

(c) Cash and bank balances

(d) Short-term loans and advances

(e) Other current assets

Sub-total - current assets

TOTAL - ASSETS

13,17,816.01

13,11,380.97

Page 2 of 3

MAGMA FINCORP LIMITED Statement of Consolidated Audited Financial Results for the Quarter and Year Ended 31 March 2014 Notes :

1]
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The audited 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 7 May 2014.
The Statutory Auditors have carried out audit of the standalone annual financial results as required under Clause 41 of the Listing Agreement and have issued an unqualified opinion thereon.
In accordance with Clause 41 of the Listing Agreement, the Company has opted to publish consolidated financial results. The standalone results of the Company is available on the Company's website www.magma.co.in or on the website of BSE (www.bseindia.com) or NSE (www.nseindia.com).
The consolidated financial results have been prepared in accordance with the Accounting Standard 21 (Consolidated Financial Statements) and Accounting Standard 27 (Financial Reporting of Interests in Joint Ventures) and comprise of the financial results of Magma Fincorp Limited, its subsidiaries, Magma ITL Finance Limited ('MITL') and Magma Advisory Services Limited ('MASL'), its step down subsdiary, Magma Housing Finance (A Public Company with Unlimited Liability) (subsidiary of MASL) and Joint Venture Companies, Magma HDI General Insurance Company Limited and Jaguar Advisory Services Private Limited.
International Autotrac Finance Limited ('IAFL'), step down subsidiary of the Company and wholly owned subsidiary of Magma ITL Finance Limited ('MITL')
which is a subsidiary of the Company stands amalgamated with MITL w.e.f. 23 November 2013. The appointed date of the amalgamation was 01 August 2012.
Figures for the quarter ended 31 March 2014 and 31 March 2013 are the balancing figures between audited figures in respect of full financial year and the published year to date unaudited figures upto the third quarter of the respective financial years.
During the year ended 31 March 2013, the Company had, through its wholly owned subsidiary, Magma Advisory Services Limited, completed the acquisition of
100% of the equity share capital of GE Money Housing Finance (A Pulic Company with Unlimited liability) ('GEMHF'), a Company engaged in housing finance in
India. Following the acquisition, GEMHF had been renamed as Magma Housing Finance (A Public Company with Unlimited Liability).
The Company and its subsidiary also acquired a loan against property portfolio from GE Money Financial Services Private Limited aggregating to about Rs.811 crores during the year ended 31 March 2013.
The Board of Directors at their meeting considered and recommended an equity dividend @ 40% i.e. Re.0.80 per equity share of Rs.2/- each and a preference dividend of 9.7%, 5%, 3.60%, 9.6%, 12%, 11% and 0.01% (on pro-rata basis) for the financial year 2013-14 and @ 1% (on pro-rata basis) on 21,09,199 cumulative non-convertible redeemable preference shares for the financial year 2012-13, subject to approval of the shareholders.
During the year, the Nomination and Remuneration Committee of the Board of Directors has granted 4,00,000 options under Magma Employee Stock Option Plan
2007 (MESOP 2007) to eligible employees of the Company (each Option entitles the option holder to 1 equity share of Rs.2/- each at an exercise price of Rs.60/- per share).
During the year, the Company has alloted on preferential basis on 24 July 2013 and on 06 December 2013, 1,29,800 and 33,400 respectively, equity shares of the face value of Rs.2/- each under Employee Stock Option Plan pursuant to SEBI (ESOS and ESPS) Guidelines, 1999 to the eligible employees of the Company. Consequently, the total paid-up equity capital of the Company stands increased to 19,01,19,975 equity shares of the face value of Rs.2/- each aggregating to Rs.3,802.40 lacs.
During the year ended 31 March 2013, the Company had received a one time market entry fee from the Talanx AG Group, Germany, per Market Entry Agreement for providing support and market entry assistance in relation to general insurance business in India. Expenses attributable towards earning this fee income had been deducted therefrom.
The Company has reported segment wise information as per Accounting Standard 17 (Segment Reporting) notified by the Companies (Accounting Standards) Rules 2006. As the operations of the Company are conducted through its subsidiaries and joint ventures within India, there is no separate reportable geographical segment.
Audited Financial Results of Magma Fincorp Limited (Standalone Information):
(Rs. in lacs)

P a r t i c u l a r s

Quarter Ended

Year Ended

P a r t i c u l a r s

31 March

2014

31 December

2013

31 March

2013

31 March

2014

31 March

2013

P a r t i c u l a r s

(Audited)#

(Unaudited)

(Audited)#

(Audited)

(Audited)

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Total income from operations

Profit from ordinary activities before tax

Net Profit from ordinary activities after tax

48,413.69

4,307.56

3,075.82

46,724.34

3,826.83

3,086.03

45,718.07

6,165.39

4,326.82

1,84,677.78

17,839.63

13,557.32

1,56,827.97

17,915.71

12,279.97

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Previous year's / quarter's figures have been regrouped and rearranged wherever found necessary.
By order of the Board

For Magma Fincorp Limited

Place : Kolkata Sanjay Chamria
Dated : 7 May 2014 Vice Chairman and Managing Director

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


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