Poonawalla Fincorp Limited · NSE:POONAWALLA
Poonawalla Fincorp — Magma Fincorp — Q1 FY21 Earnings Presentation
69 slides from Poonawalla Fincorp's earnings presentation, Aug 9, 2020
Slide 1: Cover letter to stock exchanges: revised investor presentation
09 August 2020 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 05
Slide 2: Towards a Robust, Sustainable and Profitable Growth – Investor Presentation Q1 FY21
TOWARDS A ROBUST, SUSTAINABLE AND PROFITABLE GROWTH Magma Fincorp Limited Investor Presentation – Q1 FY21
Slide 3: Company Overview Financial Performance – Q1 FY21 Business Strategy
1 Company Overview 2 Financial Performance – Q1 FY21 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 diff
Slide 4: Company Overview
COMPANY OVERVIEW 3
Slide 5: Quick Snapshot
Quick Snapshot Company into 33rd year of retail AUM1 – ₹ 15,922 Crore Diversified product portfolio Financing business Evenly spread across India Asset-backed finance (Cars, CV, CE, Used Assets, Agri Finance), SME Strong management team with North 37%, East 20% Finance, Affordable Housing Finance ex
Slide 6: Provide Financing Solutions to Underbanked Customers in 'Rurban' India
Provide Financing Solutions to Underbanked Customers in ‘Rurban’ India Taxi / Truck driver / Core strengths- operators, Small Farmers Widespread presence, deep Self employed customer with ‘Rurban’ insight, informal income sources (Home / Car buyer) robust technology for Recognised and Customer faste
Slide 7: Focus on Higher Cross-Selling of Products for Deep Customer Engagement
Focus on Higher Cross-Selling of Products for Deep Customer Engagement Customer Segments Illustrative Asset Profile1 Limited Average Average Self Employed Small & Average First Time banking / Ticket Loan to Non Medium Tenure Buyers credit Size Value Professionals Entrepreneurs (months) history (₹ la
Slide 8: Well diversified portfolio across segment & geography
Well diversified portfolio across segment & geography Zone-wise Breakup Diverse Product Offerings West, 18% ABF AUM1: ₹ 10,184 crs North, 37% East, 20% South, 25% Total AUM1: Rural-Urban Breakup 15,922 Cr. SME Finance AUM1: ₹ 1,742 crs AHF* AUM1: ₹ 3,996 crs Rural, 25% General Insurance Urban, 32% G
Slide 9: Extensive Pan India Network
Extensive Pan India Network Asset Light Branch Network 316 Branches as on 30-June-20 Wide retail presence through hub and spoke model Himachal Pradesh, 3 Delhi, 6 Wide retail presence through hub and spoke model Uttarakhand, 3 Punjab, 9 Digital footprint enables Field Executives to conduct Uttar Pra
Slide 10: Magma Culture Code
Magma Culture Code INTEGRITY COLLABORATION RESPECT Do the right thing Invite ideas and inspiration Treat people from all equally 9
Slide 11: Financial Performance - Q1 FY21
Financial Performance - Q1 FY21 10
Slide 12: Executive Summary – Navigating through Covid-19
Executive Summary – Navigating through Covid-19 Our Strategy Focus on strengthening Balance Sheet through superior management of collections, control on operating expenses and building strong provision buffers. Product mix change towards focus products - contribution in AUM up to 69% in Q1 FY21
Slide 13: Executive Summary – Navigating through Covid-19
Executive Summary – Navigating through Covid-19 Moratorium & Credit Loss Management Significant drop in customers under Moratorium in June-20 (45%) over May-20 (73%); further dropped to 40% in Jul-20 COVID-19 provision increased to ₹ 148 crs i.e. 0.9% of AUM (ABF: 1.2%, AHF: 0.5%, SME: 0.4%). Op
Slide 14: Key Financial Metrics
Key Financial Metrics Q4 FY20 - post Q4 FY20 - pre Q1 FY21 - post Q1 FY21 - pre Parameter Q1 FY20 COVID provision COVID provision COVID provision COVID provision AUM ₹ 17,312 crs ₹ 16,134 crs ₹ 16,134 crs ₹ 15,922 crs ₹ 15,922 crs NIM 7.3% 7.5% 7.5% 6.8% 6.8% Opex Ratio# 4.1% 4.0% 4.0% 3.4% 3.4% NCL
Slide 15: Disbursals impacted due to nation wide lockdown
Disbursals impacted due to nation wide lockdown QoQ Disbursement YoY Change in Disbursement Mix 2,089 216 2,089 18% Affordable 2,014 Housing Focus Focus products 15% SME & products 68% Others 62% 91% 1,312 31% Used Assets 1,014 5% Agri 20% 216 32% Cars / CV / 6% CE 3% 9% Q1 FY20 Q2 FY20 Q3 FY20 Q4 F
Slide 16: AUM - Product mix moving towards focus products
AUM - Product mix moving towards focus products 17,312 16,463 16,574 16,134 15,922 17,312 15,922 7% 1,215 1,827 20% 11% 22% 23% 24% 25% Focus 13% Focus products 12% 12% 12% products 11% 63% 69% 20% 21% 23% 25% 25% 93% 16,097 14,095 10% 89% 10% 9% 8% 8% 37% 36% 33% 32% 31% Q1 FY20 Q2 FY20 Q3 FY20 Q4
Slide 17: Moratorium Management
Moratorium Management 31-March-20 30-June-20 COVID-19 % of AUM COVID-19 % of AUM Segment COVID-19 Provision under COVID-19 Provision under AUM AUM Provision as % of Moratorium Provision as % of Moratorium AUM (May exit) AUM (June exit) ABF 10,395 96 0.9% 84% 10,184 120 1.2% 53% AHF 3,880 15 0.4% 53%
Slide 18: Credit Loss (NCL) Analysis
Credit Loss (NCL) Analysis Particulars Q1 FY20 Q4 FY20 Q1 FY21 Net ECL Provision* 86 72 70 Q1 FY21 NCL and NPAs Credit Guarantee Cost 0 9 3 Additional COVID provision of ₹ 32 crore for the Loss on Settlement/ Repo 35 58 20 quarter, taking total additional provision to ₹ 148 crore NCL 121 139 93
Slide 19: Asset Quality
Asset Quality Particulars Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Gross Stage 1 and Stage 2 Assets 15,282 13,653 13,790 13,333 13,284 ECL Provision – Stage 1 and 2 300 286 277 291 337 Stage 1 and Stage 2 Coverage Ratio (%) 2.0% 2.1% 2.0% 2.2% 2.5% Gross Stage 3 Assets 814 928 987 914 811 Net Stage 3
Slide 20: Liability Profile - Structural Shift to Long Term Liquidity
Liability Profile - Structural Shift to Long Term Liquidity On Balance Sheet Debt 12,441 12,686 11,987 11,691 31% 25% 30% 29% 6% 5% 6% 7% 56% 61% 57% 57% 8% 8% 7% 7% Sep-19 Dec-19 Mar-20 June-20 Perpetual & Sub Debt Term Loan incl. PTC NCD Working Capital Instrument Rating • Entire borrowings from L
Slide 21: Liquidity and Leverage
Liquidity and Leverage Robust Liquidity Leverage Ratio 12,686 Overall available liquidity of ₹ 1,797 Cr (over 15% 4.6 of current borrowings); ₹ 502 Cr new drawdowns 11,987 in Q1 FY21 11,691 4.4 ₹ 650 Cr undrawn sanctions as on 30-June-20 4.2 ₹ 750 Cr sanctions in pipeline as on 30-June-20 Dec-
Slide 22: Structural Liquidity for MFL as at June-20
Structural Liquidity for MFL as at June-20 2,880 359% 514% 2,170 2,110 2,014 2,178 1,795 1,964 1,907 1,716 357% 1,717 1,543 1,651 215% 245% 1,080 188% 141% 16% 17% 97% -10% -15% 19% 21% 18% (748) 1 month 2 month 3 month 6 month 1 year 3 year 5 year 1 month 2 month 3 month 6 month 1 year 3 year 5 yea
Slide 23: Structural Liquidity for MHFL as at June-20
Structural Liquidity for MHFL as at June-20 372 348 334 276 257% 231% 157% 142 130% 22 5 0 3% 7% 0% 0% -15% 1 Month 2 Month 3 Month 6 Month 1 Year 3 Year 5 Year > 5 Years Note: Cum Gap Cum Gap (%) Cumulative positive gap of ~3% in 0-1 year time bucket against ~1% as on 31-March-20 Working Capita
Slide 24: Adequately capitalized for growth
Adequately capitalized for growth Net Worth Capital Adequacy* 2,759 2,752 2,775 2,748 2,796 27.6% 26.9% 25.9% 26.0% 54 54 54 54 54 24.4% 3.4% 3.1% 2.9% 2.2% 3.9% 2,705 2,698 2,721 2,694 2,742 24.2% 23.8% 23.0% 23.8% 20.5% Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY2
Slide 25: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement* Particulars Q1FY21 Q4FY20 Q1FY20 FY20 Net Revenue 274 308 315 1,272 # Expenses 136 162 177 674 Operating Profit 138 147 138 598 # Net Credit Loss (Normal) 62 30 121 398 Profit Before Tax (before COVID-19 provision) 76 117 17 199 Additional Provision - COVID-19 3
Slide 26: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars 30-June-20 30-June-19 31-Mar-20 Cash and Cash Equivalents 781 540 708 Loans and Advances 13,403 15,492 13,555 Other Assets 671 655 784 Fixed Assets 182 205 193 Total Assets 15,038 16,892 15,240 Borrowings 11,691 13,290 11,987 Other Liabilities 550 844 504 Share
Slide 27: Business Strategy - Asset Backed Finance (ABF)
Business Strategy - Asset Backed Finance (ABF) FINANCIAL PERFORMANCE – Q4 FY20 26
Slide 28: ABF Business
ABF Business Disbursal % (Value) Product-wise AUM Contribution 1,398 11,655 1,168 10,923 10,678 10,395 10,184 46% 923 30% 31% 35% 38% 39% 68% 15% 7% 566 14% 13% 13% 69% 12% 64% 55% 47% 7% 54% 51% 6% 49% 49% 6% 25% 40 30% 25% Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1
Slide 29: Focus on Cross Sell and Direct Business
Focus on Cross Sell and Direct Business Cross sell Disbursement (Rs. Crs) Direct Business % of total ABF Disbursal (Units) 75% 387 282 237 44% 47% 41% 41% 149 12 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21* Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 FY Volume (in cr) % Increase • Direct business contributi
Slide 30: Business Strategy - SME and Others
Business Strategy - Asset Backed Finance (ABF) FINANCIAL PERFORMANCE Business Strategy - –SME Q4 FY20 and Others 29
Slide 31: SME and Others – Key Initiatives
SME and Others – Key Initiatives Go Direct • Benefitted 1,560 MSMEs, under GOI’s Atmanirbhar Bharat, Emergency Credit Line Guarantee scheme (ECLGS) • Government benefits of around Rs.17Cr. passed on to over 6000 customers digitally • Pro-bono consultancy services to MSMEs in partnership with Inter
Slide 32: SME and Others
SME and Others Disbursement Go Digital – ECLGS and Government benefits processed 391 100% digitally 322 166 SME Focus on 140 essential goods and 43 select industries Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Values in Rs crore 31
Slide 33: SME and Others
SME and Others AUM Geographical Diversification 2,263 East 2,067 21% 2,000 1,859 West 1,742 29% North 17% South 33% Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Prudence adopted in unsecured SME business given Geographically well diversified portfolio tough macro conditions Values in Rs crore 32
Slide 34: Business Strategy - Affordable Housing Finance
Business Strategy - Business Strategy - Asset Affordable Housing Finance Backed Finance (ABF) FINANCIAL PERFORMANCE Business Strategy - –SME Q4 FY20 and Others 33
Slide 35: Disbursal Momentum – AHF
Disbursal Momentum – AHF National Disbursement Disbursement (# Nos. Accts) Presence 19 States and 103 Branches 455 2 4,757 4,838 API enabled 369 2 1 4,162 digital workflow; 4 1,114 193 1,079 1 integrated rule 308 engine 1 778 3,224 129 223 2 107 757 2,350 63% PMAY 1 penetration in 93 133 709 fresh H
Slide 36: AUM Momentum – AHF
AUM Momentum – AHF Product Mix AUM 3,880 3,996 3,996 3,828 1% 3,880 3,540 1% 1% 3,393 3,828 1% 1% 53% 52% 53% 3,540 55% 57% 3,393 46% 47% 47% 42% 44% Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 HL LAP CF * AHF includes HL, LAP and CF Values in Rs crore 35
Slide 37: Core Business Values Intact
Core Business Values Intact Go Home Loan Go Direct Direct Ratio (Units) Home Loan Ratio (Units) 85% 79% 81% 79% 81% 82% 80% 69% 67% 68% 70% 78% 66% 65% 65% 64% 69% 57% 59% 47% 43% 40% 34% 33% 29% 28% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY18 FY19 FY20 FY21 FY
Slide 38: Well Diversified Business – Q1 FY21
Well Diversified Business – Q1 FY21 Geographical Distribution Collateral Mix Customer Mix East Commercial Builder Self under- 5% under 6% Salaried construction construction S/E Informal Formal West 18% 45% 2% 24% 25% Salaried North Informal 44% 4% South 25% Residential S/E Formal 75% 27% Geo-risk
Slide 39: Magma Housing Finance (Subsidiary)
Magma HousingBusiness FinanceStrategy - Asset Backed Finance (ABF) (Subsidiary) FINANCIAL PERFORMANCE Business Strategy - –SME Q4 FY20 and Others 38
Slide 40: MHF – Emerging as a strong Affordable Housing Finance Entity
MHF – Emerging as a strong Affordable Housing Finance Entity 462 978 874 476 561 1,085 1,315 Construction 7 0.1% Finance Loan Against 38 481 37% Property 142 130 400 454 431 8 9% 42 87 28% 63% Home Loan 353 827 50% 233 223% 647 222 382 313 41% 187 167 201 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Initial R
Slide 41: Relationship based direct sourcing
Relationship based direct sourcing Sourcing Mix AUM 475 562 1,085 1,315 133 1,790 1,809 2,429 3,283 3,400 Go Direct 80% Go Home Loan 55% 1% 15% 44% 1491 67% 6% 85% 52% 1262 1887 55% 33% 42% 1409 FY17 FY18 FY19 FY20 Q1 FY21 FY17 FY18 FY19 FY20 Q1 FY21 Direct Sourcing Channel sourcing HL LAP CF Values
Slide 42: Serving the under-served MIG and LIG customers
Serving the under-served MIG and LIG customers Household Income Average Loan Ticket Size 18 lakhs Middle Income > ₹ 30 lakhs MHF Customer segment Group II • Primarily new to credit customers buying first home 12 lakhs Middle Income Group ₹ 16 - 30 lakhs I • 70%+ of loans disbursed in Tier 2 and Tier
Slide 43: Pan India Affordable Housing Finance Company
Pan India Affordable Housing Finance Company Asset Light Branch Network 103 Branches as on 30-June-20 Deep presence in select geographies pan India through Wide retail presence through hub and spoke model hub and spoke model, Technology enabled solutions leading to industry best productivity, nation
Slide 44: MHF - Value in Consistent Performance
MHF - Value in Consistent Performance Parameter FY17* FY18* FY19* FY20* Q1 FY21 AUM ₹ 1,790 crs ₹ 1,809 crs ₹ 2,430 crs ₹ 3,283 crs ₹ 3,400 crs Gross NPA 4.7% 5.4% 1.8% 1.6% 1.6% Net NPA 3.7% 3.3% 1.2% 0.97% 0.96% Disbursement IRR 14.0% 13.3% 13.1% 13.8% 13.8% Opex Ratio 2.8% 3.1% 3.9% 3.6% 2.7% PAT
Slide 45: Business Strategy - MHDI
Business Strategy- Business Strategy- Asset Affordable Housing Finance Backed Finance (ABF) FINANCIAL PERFORMANCE Business Strategy- –Business Q4 FY20 SME andStrategy Others - MHDI 44
Slide 46: Magma HDI General Insurance - Registering robust growth built on strong risk foundation
Magma HDI General Insurance - Registering robust growth built on strong risk foundation 1,294 GWP 1,026 26% Co. Growth Rate 555 560 430 427 423 83% 96 Industry Growth 19% 12% 9% 14% 33% 17% 13% 12% Rate FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Consolidation Responsible Initial Ramp Up Phase Growth “T
Slide 47: Magma HDI General Insurance
Magma HDI General Insurance Overall de-growth of ~4.2% for Gross Written Premium industry for Q1 FY21 290 After 3 months of de-growth, 240 industry grew by ~7.8% (general insurers by ~4.1%) in June-20 over June-19 whereas Magma HDI grew by 10.6% overall for same month Commenced business with one mor
Slide 48: Magma HDI General Insurance: Portfolio
Magma HDI General Insurance: Portfolio Portfolio Construct Retail Run Rate Q1 FY20 Q1 FY21 309 Motor OD 261 273 4% 5% 5% 6% 241 235 Motor TP 170 17% 23% 16% 103 Fire 80 78 87 91 23% 70 53% Marine & Other 49% Health & Accident Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 ₹ 290 Cr. ₹ 240 Cr. Qtrly Retail
Slide 49: Magma HDI General Insurance: Robust Growth
Magma HDI General Insurance: Robust Growth Combined Ratio Movement Investment Book & Leverage ratio YTD-O-YTD Q-o-Q Investment Corpus Leverage Ratio @ 5.4 5.5 124.2% 124.5% 4.7 4.4 4.4 120.7% 120.2% 118.4% 2,285 2,387 1,462 1,662 1,137 FY18 FY19* FY20 Q1FY20 Q1FY21 FY18 FY19 FY20$ Q1FY20 Q1FY21 Th
Slide 50: Magma HDI General: Profit & Loss Statement
Magma HDI General: Profit & Loss Statement Ind AS Particulars Q1 FY21 Q1 FY20 Q4 FY20 FY20 Gross Written Premium 240.2 289.9 345.4 1293.9 Net Written Premium 137.6 166.9 200.4 790.2 Net Earned Premium 187.6 164.4 193.9 708.3 Net Claims Incurred 157.2 134.9 162.2 597.5 Net Commission (10.1) (11.2) (1
Slide 51: Business enablers to drive sustainable growth
Business Strategy- Asset Backed Finance (ABF) Business enablers to drive sustainable growth FINANCIAL PERFORMANCE Business Strategy- –SME Q4 FY20 and Others 50
Slide 52: Business enabler for sustained growth – Technology
Business enabler for sustained growth – Technology Digital Operational LOS: End-to-End Digital Loan Processing powered by engines for real-time decisioning, API driven ecosystem engagement Efficiency with FinTechs, automated workflows, rules for multi-bureau analysis, analytical scorecards, digital NA
Slide 53: Business enabler for sustained growth - Customer Service
Business enabler for sustained growth - Customer Service Magma NPS * Cross-Sell (in crs) ** 48% 1,141 39% 40% 38% 37% 36% 47% 62% 35% 704 30% 536 28% 364 31% May'19 Jun'19 Jul'19 Sep'19 Oct'19 Nov'19 Dec'19 Jan'20 Feb'20 FY 17 FY 18 FY 19 FY 20 Value % increase Key Achievements - FY20: Focus Areas -
Slide 54: 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 Credi
Slide 55: Risk strategy to deal with COVID-19 situation
Enterprise wide, independent risk management framework, Risk strategy to deal with COVID-19 situation During the end of financial year, we have been faced with unprecedented health and economic crisis on account of COVID-19 which has led us to fine tune our existing risk strategy due to the uncertai
Slide 56: Business enabler for sustained growth - People
Business enabler for sustained 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 program
Slide 57: Leadership Team and Shareholding Structure
Business Strategy- Asset Backed Finance (ABF) Business enablers Leadership Team to drive and Shareholding sustainable growth Structure FINANCIAL PERFORMANCE Business Strategy- –SME Q4 FY20 and Others 56
Slide 58: Board of Directors
Board of Directors Promoter Directors Non Executive Independent Directors Mayank Poddar • Supports policy formulation and He is on the Board of companies He served as the Chairman and guidance to the Narayan K VK including Clearing Corporation of Managing Director of Bosch Ltd. He Chairman Managemen
Slide 59: Management Team
Management Team Sanjay Chamria Business CEO / Functions Support Functions VC and MD Manish Jaiswal Rajive Kumaraswami Deepak Patkar Harshvardhan Chamria Rajneesh Mishra Kailash Baheti MD & CEO - HFC, MD & CEO - MHDI CEO - ABF Chief Digital Officer Chief People Officer Chief Financial Officer CEO - S
Slide 60: Holding Structure & Shareholding Pattern
Holding Structure & Shareholding Pattern Shareholding (30-June-20) Magma Fincorp Limited 100% 36.43% Public, Promoters, 31.69% 24.40% Magma HDI General Magma Housing Finance Insurance Company Limited Limited Overseas Bodies, 9.67% Domestic Investors, 11.64% FII, 22.60% 59
Slide 61: 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 62: Annexures
Annexures Business Strategy- Asset Backed Finance (ABF) Business enablers to drive sustainable growth FINANCIAL PERFORMANCE Business Strategy- –SME Q4 FY20 and Others 61
Slide 63: Magma Fincorp Ltd. (MFL) Standalone Profit & Loss Statement
Magma Fincorp Ltd. (MFL) Standalone Profit & Loss Statement* Particulars Q1 FY21 Q4 FY20 Q1 FY20 FY20 Net Revenue 233 266 279 1,098 Expenses# 114 138 150 573 Operating Profit 119 128 129 525 Net Credit Loss (Normal)# 58 20 118 382 Additional provision - COVID-19 27 109 - 109 Profit Before Tax 34 (1)
Slide 64: Magma Fincorp Ltd. (MFL) Standalone Balance Sheet
Magma Fincorp Ltd. (MFL) Standalone Balance Sheet Particulars 30-June-20 30-June-19 31-Mar-20 Cash and Cash Equivalents 570 519 648 Loans and Advances 10,917 13,534 11,183 Other Assets 831 767 948 Fixed Assets 165 189 176 Total Assets 12,484 15,008 12,955 Borrowings 9,518 11,819 10,109 Other Liabili
Slide 65: Magma Housing Finance Ltd. (MHFL) Standalone Profit & Loss Statement
Magma Housing Finance Ltd. (MHFL) Standalone Profit & Loss Statement* Particulars Q1 FY21 Q4 FY20 Q1 FY20 FY20 Net Revenue 40 41 44 179 Expenses 22 24 27 101 Operating Profit 18 17 17 78 Net Credit Loss (Normal) 4 10 3 16 Additional provision - COVID-19 4 7 - 7 Profit Before Tax 9 (0) 14 54 Tax (Nor
Slide 66: Rewards & Recognition
Rewards & Recognition Corporate Social Responsibility Magma has received 14 awards since 2015 for the various CSR activities covering Education, Health and Environment Sustainability. The latest recognition was received in Jan 2020 from Institute of Public Enterprise (IPE), Hyderabad Best CSR Practi
Slide 67: Community Commitment: CSR
Community Commitment: CSR Swayam – COVID-19 relief activity Magma M- Scholar • Magma Group contributed ₹ 5 Cr to PMCARES • Provided 2,000 PPE Kit and 11 UV based Disinfection • Magma M Scholar Tunnels to Kolkata police for Police Stations and Police offers Scholarship to Training Centres/ Administra
Slide 68: 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 69: 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