Poonawalla Fincorp Limited · NSE:POONAWALLA
Poonawalla Fincorp — Magma Fincorp — Q2 FY20 Earnings Presentation
65 slides from Poonawalla Fincorp's earnings presentation, Nov 8, 2019
Slide 1: Intimation to stock exchanges on investor presentation
8 November 2019 Corporate Relationship Department Company Code - 524000 BSE Limited 25th Floor, P.J. Towers, Dalal Street, Fort, Mumbai – 400 001 The Manager Symbol - MAGMA Listing Department, National Stock Exchange of India Limited “Exchange Plaza” Bandra- Kurla Complex, Bandra (E), Mumbai – 400 0
Slide 2: Towards a Robust, Sustainable and Profitable Growth
Towards a Robust, Sustainable and Profitable Growth Magma Fincorp Limited Investor Presentation – Q2 FY20
Slide 3: Agenda
1 Company Overview 2 Financial Performance – Q2 FY20 3 Business Strategy 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation. These may dif
Slide 4: Quick Snapshot
Quick Snapshot Company into 32nd year of retail Strong technology platform, financing business systems & processes Strong management team with Robust risk management extensive industry experience framework AUM1 – Rs. 16,463 Crore ~ 2.4 Million Customers serviced Evenly spread across India since ince
Slide 5: Financing Solutions to Underbanked Customers in Rurban India
Provide Financing Solutions to Underbanked Customers in ‘Rurban’ India Recognised and Trusted Brand in ‘Rurban’ India • Taxi / Truck driver / operators, • Self employed customer with Small Farmers informal income sources (Home / Car buyer) Customer Focus Underserved ‘Rurban’ India • Customers with i
Slide 6: Financing & General Insurance Solutions
Focus on Higher Cross-Selling of Products for Deep Customer Engagement Customer Segments Illustrative Asset Profile Average Self Employed Small & Limited Average Average First Time Loan to Non Medium banking / Ticket Size Tenure Buyers Value Professionals Entrepreneurs credit history (Rs lakh) (mont
Slide 7: A well diversified portfolio across segment and geography
A well diversified portfolio across segment and geography Diverse Product Offerings Zone-wise Breakup Asset Backed Finance (ABF) AUM1 : Rs. 10,923 crs North, 37% West, 22% East, 16% South, 25% Total AUM1 : Affordable Housing Finance SME Finance Rural-Urban Breakup AUM1 : Rs. 2,000 crs Rs. 16,463 crs
Slide 8: Extensive Pan India Network
Extensive Pan India Network Asset Light Branch Network 312 Branches as on 30th September, 2019 Himachal Pradesh, 3 Delhi, 3 • Wide retail presence through hub and spoke model Uttarakhand, 3 Punjab, 9 • Technology solutions enable FOS to conduct business Uttar Pradesh, 40 Haryana, 20 from channel/cus
Slide 9: Magma Culture Code
Magma Culture Code Integrity Collaboration Respect Do the right thing (end), the right Invite ideas and inspiration for all Treat people equally way (means) all the time 8
Slide 10: Agenda
1 Company Overview 2 Financial Performance – Q2 FY20 3 Business Strategy 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation. These may dif
Slide 11: External Environment and Liquidity Position
External Environment and Liquidity Position Continued liquidity crisis in financial sector since Sep-18 has resulted in broader economic slowdown impacting all sectors of economy RBI cut rates by 135 bps but rate transmission was muted due to risk aversion towards NBFC’s Liquidity gradually op
Slide 12: Key Priorities in Q2 FY20
Key Priorities in Q2 FY20 Maintain adequate liquidity and ensure ALM matching: Rs. 2,136 crs of long term funds raised in Q2 FY20; Retired all short term loans at the end of the second quarter Substantially strengthened ALM position, with very comfortable liquidity in each time bucket at end of
Slide 13: Key Highlights Q2 FY20
Key Highlights Q2 FY20 Parameter Q2 FY19 Q2 FY20 YoY Observations Lower disbursal in Q2FY20 to manage liquidity. Disbursal to AUM Rs. 16,526 crs Rs. 16,463 crs -0.4% bounce back in Q3. Exit AUM FY20 to be at similar level YoY. Gross NPA 8.7% 6.4% 2.3% NPA ratios below last year level in spite of cus
Slide 14: Assets Under Management (AUM)
Assets Under Management (AUM) 16,396 17,029 17,311 16,526 16,463 16,526 16,463 1,306 1,882 18% 19% 20% 17% 8% 22% 11% 14% 13% 13% 13% 12% 12% 11% 10% 15% 10% 15,220 14,581 18% 19% 20% 17% 21% 92% 89% 7% 8% 7% 6% 7% 10% 10% 10% 9% 10% 21% 20% 20% 22% 19% Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 Q2 FY1
Slide 15: Disbursals
Disbursals QoQ growth in Disbursement YoY Change in Disbursement Mix 2,200 1,015 2,586 2,132 2,200 4% 2,066 LAP - Retail 11% 6% HL 23% 20% 1,015 SME Business 7% 14% ABF-Agri 3% Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 25% ABF-Used Assets Increase in contribution of core products, i.e., Used assets,
Slide 16: Assets Quality
Assets Quality Particulars Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 Gross Stage 1 and Stage 2 Assets 13,913 14,898 15282 13,895 13,653 ECL Provision – Stage 1 and 2 333 293 300 348 286 Stage 1 and Stage 2 Coverage Ratio (%) 2.4% 2.0% 2.0% 2.5% 2.1% Gross Stage 3 Assets 910 747 814 1,326 928 Net Stage
Slide 17: Credit Losses
Credit Losses – Marginally lower than Q1; further recovery expected in Q3-Q4 Table A Rs. Crs Collection efficiency impacted by seasonality, floods and weak Particulars Q1 FY20 Q2 FY19 Q2 FY20 macros Net ECL Provision* 85.9 30.4 72.0 YoY Loss on Settlement/ Repo 42.8 56.9 50.5 • ~70% increase in Stag
Slide 18: Key Ratios
Key Ratios NIM Analysis (% of AUM) NCL (% of AUM) 8.4% 8.1% 9.0% 7.9% 3.0% 2.9% 7.5% 2.2% 1.3% 1.0% Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 NIM: (Total Income (incl. Other Income) – Interest Expenses) / Average AUM NCL: Net Credit Loss / Average AUM Opex Ratio
Slide 19: Liability Profile
Liability Profile – Stable credit rating and Stable sources of funds On Balance Sheet 12,017 13,401 13,560 12,165 12,658 Debt 6% 0% 13% 14% 16% 32% 33% 37% 30% 42% 5% 5% 4% 4% 4% 55% 44% 48% 39% 29% 7% 8% 8% 8% 8% Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 Perpetual & Sub Debt Term Loan incl. PTC NCD W
Slide 20: MFL: Structural Liquidity Sep-19
MFL: Structural Liquidity Sep -19 3,163 520% 2,746 2,425 2,096 356% 1,935 1,784 262% 163% -5% 15% 15% 1 month 2 month 3 month 6 month 1 year 3 year 5 year -15% -360 Note: Cumulative Mismatch (Rs Crs) Cumulative Mismatch (%) 1. Working capital limits are considered as repayable in 6 - 12 months time
Slide 21: Asset-Liability Policy & Liquidity Management
Asset-Liability Policy & Liquidity Management • Strong ALM policy to ensure adequate Liquidity at all times. • Maintain adequate liquidity buffers to meet repayment obligations and to continue business uninterrupted for a period of at least 1 calendar month, assuming no fresh funding lines are avail
Slide 22: Capital and Profitability
Capital and Profitability Net Worth Capital Adequacy* 2,662 2,744 2,759 2,580 2,752 21.7% 24.9% 24.4% 22.1% 27.6% 54 3.4% 54 54 54 54 4.1% 3.9% 3.6% 4.9% 2,608 2,690 2,705 2,526 2698 20.7% 24.2% 18.1% 20.5% 17.2% Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 Reserve
Slide 23: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars Q2 FY20 Q1 FY20 Q2 FY19 FY19 Net Revenue 335 323 365 1,391 Expenses 175 177 171 684 Operating Profit 160 146 194 707 Net Credit Loss 123 129 87 265 Profit Before Tax 38 17 107 442 Tax 11 5 27 138 Profit After Tax 26 12 80 303 Share of profit in Joint
Slide 24: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars 30-Sep-19 30-Sep-18 31-Mar-19 Cash and Cash Equivalents 1005 524 957 Loans and Advances 13898 14,083 15,018 Other Assets 748 650 612 Fixed Assets 207 200 203 Total Assets 15,857 15,457 16,789 Borrowings 12658 12,290 13,401 Other Liabilities 447 587 644 Share Ca
Slide 25: Business Strategy – Asset Backed Finance (ABF)
1 Company Overview 2 Financial Performance – Q2 FY20 3 Business Strategy – Asset Backed Finance (ABF) 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in thi
Slide 26: Asset Backed Finance (ABF) Business
Asset Backed Finance (ABF) Business Q2 FY19 ABF Disbursement Q2 FY20 ABF Disbursement Branch & product 155 35 Grading based on asset quality performance 6% 126 11% 387 22% 25% UV/Cars Portfolio re-shaping by CV 23 increasing contribution 4% 39% 23 of focus products & CE 4% customer segments 550 19%
Slide 27: ABF Disbursal Strategy
ABF Disbursal Strategy Disbursement Disbursement Mix 1,644 1,424 1,462 1,375 550 387 360 568 265 126 155 104 23 23 35 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 UV/Cars CV CE Used Assets Agri Finance Q2 FY19 Q2 FY20 Values in Rs crore 26
Slide 28: Asset Backed Finance (ABF) Business
Asset Backed Finance (ABF) Business Cross sell Disbursement Direct Business % of total ABF Disbursal Q2 FY19 ABF Disbursement Q2 FY20 ABF Disbursement Direct, Direct, 237 41% 46% 182 150 Indirect, 59% Indirect, 130 54% Q1 FY19 Q1 FY20 Q2 FY19 Q2 FY 20 Rs. 1,462 crs Rs. 568 crs • Cross Sell performan
Slide 29: ABF AUM Strategy - Change is evident
ABF AUM Strategy - Change is evident Product-wise AUM Contribution June‘19 Sep‘18 Sep‘19 1,747 1,579 3,432 2,463 36% 15% 21% 3,717 14% 3,154 15% 29% 32% 29% 30% 25% 31% 3,490 15% 13% 3,437 15% 2,844 21% 11% 9% 10% 1,628 1,758 1,495 9% 1,229 1,026 1,126 10% Rs. 11,655 crs Rs. 11,545 crs Rs. 10,923 cr
Slide 30: Portfolio Quality Indicators
Portfolio Quality Indicators EWI Trend for ABF CPMI Trend for ABF 17.35% 12.32% 15.16% 10.58% 10.78% 9.14% 11.21% 10.11% 8.88% 8.99% 5.35% 4.73% 8.07% 7.95% 7.94% 8.64% 7.71% 7.74% 4.44% 4.60% 4.60% 4.21% 4.39% 3.99% Sep-14 Sep-15 Sep-16 Sep-17 Sep-18 Sep-19 Sep-14 Sep-15 Sep-16 Sep-17 Sep-18 Sep-19
Slide 31: Business Strategy – Affordable Housing Finance (AHF)
1 Company Overview 2 Financial Performance – Q2 FY20 3 Business Strategy – Affordable Housing Finance (AHF) 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios
Slide 32: Affordable Housing Finance Business (AHF)
Affordable Housing Finance Business (AHF) Total AHF Disbursement (Units) Affordable Housing Franchise gains national 4,992 4,757 prominence 4,161 3,498 2,759 Industry leading relationship based direct origination model Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 Eminent digital transformation underway •
Slide 33: Affordable Housing Finance Business (AHF)
Affordable Housing Finance Business (AHF) Product-wise AUM Contribution June ‘19 Sep ‘18 Sep ‘19 40 17 35 106% 1% 1% 1% 1,409 880 31% 42% 61% 1,412 49% 50% 2,094 9% 68% 1,929 57% 1,944 Rs. 3,393 crs Rs. 2,826 crs Rs. 3,540 crs LAP HL CF AUM Growth of 25% YoY; HL & LAP on even keel in Q2 FY20 Values
Slide 34: AHF - Business Initiatives
AHF - Business Initiatives Go Home Loan Go Direct HL Ratio (Units) Direct Ratio (Units) 83% 68% 67% 68% 70% 77% 80% 79% 81% 63% 68% 56% 59% 43% 47% 40% 33% 33% 26% 28% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY18 FY19 FY20 FY18 FY19 FY20 Key Takeaways • HL Ratio has improved from
Slide 35: AHF Disbursal Strategy - Change is evident
AHF Disbursal Strategy - Change is evident Home Loan Disbursement Total AHF* Disbursement 252 237 402 369 199 179 308 289 134 242 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 • 48% Y-o-Y improvement in HL disbursals in Q2 FY20 and 27% Y-o-Y improvement in overall A
Slide 36: AHF Disbursement - Diversified Business
AHF Disbursement - Diversified Business Geography 289 402 369 242 308 • Focused deep market penetration in 105 locations across 19 6% 4% 4% 5% 6% states using unit model implementation • Well-balanced national scale portfolio with minimal 37% 33% concentration risks 38% 39% 34% • Unique affordable f
Slide 37: AHF - Early Indicators: ID & ED Trends
AHF - Early Indicators: ID & ED Trends ID & ED Trend for AHF 6.0% 5.0% 4.53% 4.23% 4.0% 3.28% 3.0% 3.23% 3.05% 1.79% 1.80% 2.0% 2.52% 1.29% 1.55% 0.70% 0.73% 1.0% 1.27% 1.36% 0.70% 1.06% 0.62% 0.45% 0.0% 0.39% 0.44% Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 ED ID ED Bench
Slide 38: Business Strategy – SME Finance
1 Company Overview 2 Financial Performance – Q2 FY20 3 Business Strategy – SME Finance 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation.
Slide 39: SME Finance Business
SME Finance Business “Mscore” SME Credit Disbursement Scorecard launched pan India across 80+ 540 branches. 497 419 60% of logins following Straight-Through- 322 Processing 140 SME Product bouquet enhanced with GST Product launch Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 Continued Distribution focus i
Slide 40: SME Finance Business
SME Finance Business AUM Growth Geographical Diversification 2,278 2,264 2,238 North, 18% East, 13% 2,156 2,000 West, 33% South, 35% Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q2 FY20 Conscious AUM de-growth with planned lower disbursal Geographically well diversified portfolio as on Sep’19 in Q2FY20 Values in
Slide 41: SME Finance - Early Indicators: ID & ED Trends
SME Finance - Early Indicators: ID & ED Trends ID & ED Trend for SME Finance 1.96% 1.60% 1.73% 1.52% 1.47% 1.44% 1.57% 1.43% 1.32% 0.51% 0.58% 0.81% 0.67% 0.58% 0.50% 0.64% 0.34% 0.40% Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 ED ID EWI & CPMI parameters for SME Finance under de
Slide 42: Business Strategy – MHDI
1 Company Overview 2 Financial Performance – Q2 FY20 3 Business Strategy – MHDI 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation. These
Slide 43: Magma HDI General Insurance
Magma HDI General Insurance Gross Written Premium 45.2% growth in GDPI for Q2 FY20 vs industry growth of 22.3% H-O-H 590 Q-O-Q 47% 400 Empanelled in one more 66% OEM program. Continue 300 to pitch to other OEMs 241 45% 208 Ramp up in the Banca business with current H1FY18 H1FY19 H1FY20 Q2 FY19 Q2 FY
Slide 44: Magma HDI General Insurance: Portfolio
Magma HDI General Insurance: Portfolio Portfolio Construct Retail Run Rate 261 Q2 FY19 Q2 FY20 241 235 218 5% 3% 4%3% 181 Motor OD 147 9% 24% 8% 23% Motor TP 80 78 87 60 73 49 Fire 59% Marine & 61% Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Other Rs. 208 Cr. Rs. 300 Cr. Qtrly Retail Business Mt
Slide 45: Magma HDI General Insurance: Robust growth
Magma HDI General Insurance: Robust growth Combined Ratio Movement Investment Book & Leverage ratio 125.1% H-O-H Q-O-Q 4.9 4.7 4.5 122.4% 4.4 121.1% 3.5 1,866 117.5% 117.3% 1,471 1,137 1,163 900 FY17 FY18 FY19 Q2 FY19 Q2 FY20 H1 FY18 H1 FY19* H1 FY20 Q2 FY19# Q2 FY20 Investment Corpus Leverage Ratio
Slide 46: MHDI Profit & Loss Statement
Magma HDI General Insurance Company (MHDI) Profit & Loss Statement Ind AS Particulars Q2 FY20 Q2 FY19 Q1 FY20 H1 FY20 H1 FY19 FY19 Gross Written Premium 300 208 290 590 400 1026 Net Written Premium 196 157 167 362 139 517 Net Earned Premium 169 115 164 334 63 385 Net Claims Incurred 144 89 135 279 -
Slide 47: Business enablers to drive sustainable growth
1 Company Overview 2 Financial Performance – Q2 FY20 3 Business Strategy 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation. These may dif
Slide 48: Enterprise wide, independent risk management framework
Enterprise wide, independent risk management framework An integrated approach covering entity wide risks Board of Directors Risk Management ALCO Audit Committee ITSC Committee Independent Risk Management Unit 1st line of defense 2nd line of defense 3rd line of defense Operational and Business Credit
Slide 49: Business enablers – Technology
Business enablers to drive sustainable growth – Technology • Enterprise Transformation ‘Project Navoday’ launched in order to modernize entire Technology stack: Loan Origination System, Loan Management System, Data Warehouse, ERP, Mobility solutions etc. • Proposed features will be Automation of Wor
Slide 50: Business enablers – People
Business enablers to drive sustainable growth – People • Fully functional role based and state of the art learning tools aimed at enhancing productivity and behavior • Structured Onboarding Program across levels for smooth onboarding and integration. • Development interventions through International
Slide 51: Business enablers – Customer Service
Business enablers to drive sustainable growth - Customer Service • 360∘ customer view across Lines of Business (LoB). CRM search basis several ID’s including customer phone number • Unique Customer ID across finance business • Moving from paper to digital communication via both email and SMS • Commu
Slide 52: Leadership Team & Shareholding Structure
1 Company Overview 2 Financial Performance – Q2 FY20 3 Business Strategy 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation. These may dif
Slide 53: Board of Directors
Board of Directors Promoter Directors Non Promoter Directors Mayank • Supports policy He is on the Board of He served as the Chairman Narayan K Poddar formulation and guidance companies including and Managing Director of Seshadri VK Viswanathan Chairman to the Management/Board Clearing Corporation o
Slide 54: Management Team
Management Team Business CEO / Functions Sanjay Chamria Support Functions VC and MD Rajive Kumaraswami Harshvardhan Chamria Rajneesh Mishra Deepak Patkar Kailash Baheti Manish Jaiswal Mahender Bagrodia MD & CEO - HFC, MD & CEO -MHDI Chief Business Officer - ABF Chief Digital Officer Chief People Off
Slide 55: Holding Structure & Shareholding Pattern
Holding Structure & Shareholding Pattern Magma Fincorp Limited 100% 35% Magma Housing Finance Magma HDI General Limited Insurance Company Limited Share Price Performance Shareholding (30-Sep-2019) 200 Public, Promoters, 32.36% 24.41% 150 100 50 Overseas Bodies, 0 Domestic 9.97% Investors, 4.30% FII,
Slide 56: Thank You
THANK YOU
Slide 57: Glossary
Glossary AUM Assets Under Management: On-Book & Off-Book Loan Assets Average AUM (AAUM) Average of opening and closing AUM FOS / Field Officer Feet on Street ABF Asset Backed Finance AHF Affordable Housing Finance HL Home Loan LAP Loan against property SME Small & Medium Enterprises NDSA Non-dealer
Slide 58: Annexures
1 Company Overview 2 Financial Performance – Q2 FY20 3 Business Strategy 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation. These may dif
Slide 59: MFL Standalone Profit & Loss Statement
Magma Fincorp Ltd. (MFL) Standalone Profit & Loss Statement Particulars Q2 FY20 Q1 FY20 Q2 FY19 FY19 Net Revenue 290 285 331 1,267 Expenses 150 150 152 602 Operating Profit 140 135 179 665 Net Credit Loss 122 124 85 262 Profit Before Tax 18 11 94 403 Tax 6 3 24 128 Profit After Tax 12 8 71 275 Value
Slide 60: MFL Standalone Balance Sheet
Magma Fincorp Ltd. (MFL) Standalone Balance Sheet Particulars 30-Sep-19 30-Sep-18 31-Mar-19 Cash and Cash Equivalents 977 522 933 Loans and Advances 11863 12,510 13,149 Other Assets 833 739 722 Fixed Assets 191 184 187 Total Assets 13,865 13,955 14,991 Borrowings 10916 11,009 11,828 Other Liabilitie
Slide 61: MHFL Standalone Profit & Loss Statement
Magma Housing Finance Ltd. (MHFL) Standalone Profit & Loss Statement Particulars Q2 FY20 Q1 FY20 Q2 FY19 FY19 Net Revenue 45 45 33 133 Expenses 25 27 19 83 Operating Profit 20 18 15 50 Net Credit Loss 0 5 2 3 Profit Before Tax 20 14 13 47 Tax 6 4 4 13 Profit After Tax 14 10 9 34 Values in Rs crore 6
Slide 62: Rewards & Recognition
Rewards & Recognition Corporate Social Responsibility Magma has received 12 awards since 2015 for the various CSR activities covering Education, Health and Environment Sustainability. The latest recognition was received in September 2019 from Asian Customer Engagement Forum & Awards’2019 – Excellenc
Slide 63: Community Commitment: Corporate Social Responsibility
Community Commitment: Corporate Social Responsibility Magma Highway Heroes Magma M-Scholar • Magma M Scholar offers Scholarship to meritorious students from poor • A programme for Truck Drivers to train them on Road Safety and vehicle families maintenance. The lone formal Training camp run by PCRA,
Slide 64: Disclaimer
Disclaimer This presentation has been prepared by Magma Fincorp Limited (the “Company”), for general information purposes only, without regard to any specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of a
Slide 65: Disclaimer (Contd.)
Disclaimer (Contd.) The information contained in these materials has not been independently verified. None of the Company, its directors, promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability what