Magma Shrachi Fin revenues increase by 112% to Rs 1234mn
Magma Shrachi Finance Limited (MSFL), one of the fastest growing financial services companies in India, announced its results for the third quarter and nine-month financial year ended 31 December 2007.
Performance highlights
* Expanded scale of operations enables excellent financial performance
o Roll-out of fund and fee based products through Shrachi Infrastructure Finance branches located in the southern regions noticeably augments growth in disbursements
o Operating costs as a percentage of income declined during the quarter as branch throughput increased with fixed costs being spread over an enlarged revenue base
* Focus on establishing extremely robust processes and systems over the last few years provides MSFL with a formidable competitive and business edge that is sustainable on a long-term basis
o Operating in a firm interest rate scenario, the Company has managed its delinquency levels proficiently
To view detailed press release click on the attachment.
Sourced From: Citigate Dewe Rogerson
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