Poonawalla Fincorp Limited · NSE:POONAWALLA
Poonawalla Fincorp — Magma Fincorp — Q4 FY19 Earnings Presentation
65 slides from Poonawalla Fincorp's earnings presentation, May 15, 2019
Slide 1: Exchange filing cover letter for revised presentation
15 May 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 – 400 051 S
Slide 2: Towards a Robust, Sustainable and Profitable Growth
Towards a Robust, Sustainable and Profitable Growth Magma Fincorp Limited Investor Presentation – Q4 FY19 1
Slide 3: Company Overview Financial Performance – Q4 FY19 & FY19 Business Strategy
1 Company Overview 2 Financial Performance – Q4 FY19 & FY19 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
Slide 4: Quick Snapshot
Quick Snapshot Company into 31st year of retail Strong technology platform, financing business systems & processes Strong management team with Robust risk management extensive industry experience framework AUM1 – Rs. 17,029 Crore ~ 2.3 Million Customers serviced Evenly spread across India since ince
Slide 5: Provide 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. 11,591 Cr. North, 36% West, 22% East, 17% South, 25% Total AUM1 : Rs. Affordable Housing Finance Rural-Urban Breakup SME Finance AUM1 : Rs. 2,278 Cr. 17,029 Cr.
Slide 8: Extensive Pan India Network
Extensive Pan India Network Asset Light Branch Network 310 Branches as on 31st March 2019 Himachal Pradesh, 3 Delhi, 4 • Wide retail presence through hub and spoke model Uttarakhand, 3 Punjab, 9 • Technology solutions enable FOS to conduct business Uttar Pradesh, 41 Haryana, 20 from channel/customer
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: Company Overview Financial Performance – Q4 FY19 & FY19 Business Strategy
1 Company Overview 2 Financial Performance – Q4 FY19 & FY19 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
Slide 11: Disclaimer
Disclaimer Adoption of Indian Accounting Standards (“IND-AS”) • This is the first financial year of adoption of Indian Accounting Standards (“IND-AS”) for the purposes of the Company’s financial reporting. • The impact of the transition from previous GAAP (“I-GAAP”) has been made in the opening rese
Slide 12: Key Highlights FY 2019
Key Highlights FY 2019 Liquidity scenario • Continued Business as usual during the period of liquidity crisis • Comfortable liquidity position - positive cumulative liquidity position across all buckets, assuming Working Capital limits as matched to maturity All round improvement in financial pa
Slide 13: FY19: Consolidated Result Highlights (as per Ind AS)
FY19: Consolidated Result Highlights (as per Ind AS) Disbursements AUM NIM FY19 – Rs 8,757 Cr FY19 – Rs 17,029 Cr FY19 – 8.5% FY18 – Rs 7,287 Cr FY18 – Rs 15,801 Cr FY18 – 7.5% Opex / AAUM NNPA PAT FY19 – 4.2% FY19 – 3.1% FY19 – Rs 304 Cr FY18 – 3.8% FY18 – 4.5% FY18 – Rs 237 Cr FY19 ROA ROE Networt
Slide 14: Q4 FY19: Consolidated Result Highlights (as per Ind AS)
Q4 FY19: Consolidated Result Highlights (as per Ind AS) Disbursements AUM NIM Q4 FY19 – Rs 2,586 Cr Q4 FY19 – Rs 17,029 Cr Q4 FY19 – 8.1% Q4 FY18 – Rs 2,233 Cr Q4 FY18 – Rs 15,801 Cr Q4 FY18 – 8.2% Opex / AAUM NNPA PAT Q4 FY19 – 4.1% Q4 FY19 – 3.1% Q4 FY19 – Rs 85 Cr Q4 FY18 – 4.2% Q4 FY18 – 4.5% Q4
Slide 15: Disbursals
Disbursals QoQ growth in Disbursement YoY Change in Disbursement Mix 7,287 8,757 2,586 4% 5% LAP - Retail 2,233 3% 8% 2,200 2,132 1,840 19% HL 20% SME Business 11% 7% ABF-Agri 24% 25% Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 ABF-Used Assets 6% ABF-CE 7% 10% ABF-CV 11% Increase in contribution of core
Slide 16: Assets Under Management (AUM) – Growth returns after four years
Assets Under Management (AUM) – Growth returns after four years 15,801 15,873 16,526 16,396 17,029 15,801 17,029 1,137 1,383 17% 17% 17% 18% 19% 7% 8% 12% 13% 13% 14% 13% 16% 16% 15% 12% 11% 14,664 15,645 16% 16% 17% 18% 19% 93% 92% 7% 7% 6% 7% 8% 8% 8% 9% 10% 10% 24% 23% 23% 21% 20% Q4 FY18 Q1 FY19
Slide 17: Assets Quality
Assets Quality Particulars Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Gross Stage 1 and Stage 2 Assets 13401 13569 13895 13913 14898 ECL Provision – Stage 1 and 2 388 359 348 333 293 Stage 1 and Stage 2 Coverage Ratio (%) 2.9% 2.6% 2.5% 2.4% 2.0% Gross Stage 3 Assets 1263 1302 1326 910 747 ECL Provisio
Slide 18: Key Ratios – Ind AS
Key Ratios – Ind AS NIM Analysis (% of AUM) NCL (% of AUM) 8.4% 8.2% 8.1% 7.5% 8.5% 2.0% 1.3% 1.6% 0.7% 1.0% Q3 FY19 Q4 FY18 Q4 FY19 FY 18 FY 19 Q3 FY19 Q4 FY18 Q4 FY19 FY 18 FY 19 NIM: (Total Income (incl. Other Income) – Interest Expenses) / Average AUM NCL: Net Credit Loss / Average AUM Opex Rati
Slide 19: Liability Profile – Stable credit rating and Stable sources of funds
Liability Profile – Stable credit rating and Stable sources of funds On Balance Sheet 12,327 11,844 12,165 12,017 13,401 Debt 5% 10% 13% 16% 14% 46% 43% 37% 30% 42% 19% 21% 26% 17% 14% 3% 4% 4% 4% 4% 19% 18% 15% 18% 18% 9% 8% 8% 7% 8% FY18 Q1 FY19 Q2 FY 19 Q3 FY 19 FY19 Perpetual & Sub Debt Term Loa
Slide 20: Structural Liquidity Mar'19
Structural Liquidity Mar’19 -15% Note: 1. Working capital limits are considered as repayable in 6 - 12 months time bucket against earlier treatment of considering matched to maturity of underlying assets. 2. Behaviorally, Working Capital limits are renewed by banks every year and are thus revolving
Slide 21: Asset-Liability Policy & Governance
Asset-Liability Policy & Governance 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 available ALM P
Slide 22: Capital and Profitability – Ind AS
Capital and Profitability – Ind AS Net Worth Capital Adequacy* 1,972 2,530 2,580 2,662 2,744 17.3% 21.9% 21.2% 21.7% 24.9% 54 4.1% 54 54 54 4.3% 3.7% 3.6% 47 4.5% 2476 2,526 2,608 2,690 20.7% 1925 17.6% 17.6% 18.1% 12.8% Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19
Slide 23: Consolidated Profit & Loss Statement – Ind AS
Consolidated Profit & Loss Statement – Ind AS Ind AS INR Crs Q4 FY19 Q3 FY19 Q4 FY18 FY19 FY18 Net Revenue 339 347 320 1,391 1,210 Expenses 171 175 167 684 605 Operating Profit 168 172 154 707 605 Net Credit Loss 41 52 29 265 316 Profit Before Tax 127 120 125 442 289 Tax 40 43 44 138 54 Profit After
Slide 24: Consolidated Balance Sheet – Ind AS
Consolidated Balance Sheet – Ind AS Ind AS INR Crs FY19 FY18 Cash and Cash Equivalents 957 407 Loans and Advances 15,007 13,570 Other Assets 637 724 Fixed Assets 189 193 Total Assets 16,789 14,894 Borrowings 13,401 12,327 Other Liabilities 644 596 Share Capital 54 47 Reserves & Surplus 2,690 1,925 T
Slide 25: Business Strategy – Asset Backed Finance (ABF)
1 Company Overview 2 Financial Performance – Q4 FY19 & FY19 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
Slide 26: Asset Backed Finance (ABF) Business
Asset Backed Finance (ABF) Business FY18 ABF Disbursement FY19 ABF Disbursement Branch Manager 26% ownership for both 782 575 origination and collection (0-60 buckets) 15% 10% 1624 1548 30% UV/Cars 26% 5% Branch & product CV 37% Grading based on asset 32% quality performance CE 2190 17% 1710 14% Use
Slide 27: ABF Disbursal Strategy - Change is evident
ABF Disbursal Strategy - Change is evident Disbursement Disbursement Mix 36% 9% 1,592 1,644 664 1,462 11% 1,424 488 1,347 439 402 21% 299 265 44% 166 201 200 113 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 UV/Cars CV CE Used Assets Agri Finance Q4 FY18 Q4 FY19 Significant growth in focus product i.e. Us
Slide 28: Asset Backed Finance (ABF) Business
Asset Backed Finance (ABF) Business Zone-wise Breakup Direct Business % of total ABF Disbursal FY18 ABF Disbursement FY19 ABF Disbursement FY18 ABF Disbursement FY19 ABF Disbursement North, North, 44% 42% Direct, 37% Direct, 41% West, 9% West, 12% South, 23% South, Indirect, Indirect, 23% East, 23%
Slide 29: ABF AUM Strategy - Change is evident
ABF AUM Strategy - Change is evident Product-wise AUM Contribution Mar ‘17 Mar ‘18 Mar ‘19 1895 3,149 2606 27% 4,191 17% 3747 16% 3439 27% 24% 11% 8% 30% 34% 36% 28% 18% 22% 3256 11% 32% 15% 9% 2471 2,009 10% 23% 9% 11% 1719 1,076 1245 38% 1,088 16% 1282 1011 7% 27% Rs. 11,513 Cr. Rs. 11,080 Cr. Rs.
Slide 30: ABF - Early Indicators: EWI & CPMI Trend
ABF - Early Indicators: EWI & CPMI Trend EWI Trend for ABF CPMI Trend for ABF 14% 12.2% 20% 18.2% 12% 11.0% 10.8% 10.1% 9.5% 16% 10% 10.7% 10.3% 10.1% 7.2% 12% 8% 8.9% 7.4% 8.4% 8.3% 5.8% 6% 4.7% 4.7% 8% 4.1% 5.9% 4% 4.2% 4% 2% 0% 0% Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar
Slide 31: Business Strategy – Affordable Housing Finance (AHF)
1 Company Overview 2 Financial Performance – Q4 FY19 & FY19 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
Slide 32: Affordable Housing Finance Business (AHF)
Affordable Housing Finance Business (AHF) Total AHF Disbursement (Units) Strategy focused on 4,992 higher Home Loan disbursals 3,498 Streamlined Sales 2,759 Management Process with focus on 1,626 1,759 Direct Disbursals 1,220 1,293 1,415 1,193 Innovation & Strategy unit in place for digital transfor
Slide 33: Affordable Housing Finance Business (AHF)
Affordable Housing Finance Business (AHF) Product-wise AUM Contribution Mar ‘17 Mar ‘18 Mar ‘19 94 19 80% 43 131% 3% 1% 752 747 1% 1% 27% 25% 1206 38% 72% 72% 1996 62% 61% 1911 2189 4% 9% Rs. 3,035 Cr. Rs. 2,762 Cr. Rs. 3,160 Cr. LAP HL CF 32
Slide 34: AHF - Business Initiatives
AHF - Business Initiatives Go Home Loan Go Direct HL Ratio (Units) Direct Ratio (Units) 77% 80% 79% 68% 67% 63% 68% 56% 59% 43% 47% 40% 33% 33% 26% 28% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY18 FY19 FY18 FY19 Key Takeaways • HL Ratio has improved from 33% in Q2 FY18 to 67% in Q4 FY19 • Di
Slide 35: AHF Disbursal Strategy - Change is evident
AHF Disbursal Strategy - Change is evident Home Loan Disbursement Total AHF Disbursement 252 402 179 289 134 242 177 160 81 134 153 129 65 60 34 42 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY18 FY19 FY18 FY19 • 286% Y-o-Y improvement in HL disbursals in Q4 FY19 and 127% Y-o-Y improvement in o
Slide 36: AHF Disbursement - Diversified Business
AHF Disbursement - Diversified Business Geography 129 134 153 177 160 242 289 402 • Focused deep market penetration in 93 locations across 10 states 6% 8% 7% 6% 5% 6% 4% 9% using unit model implementation 20% 23% • Significant reduction in the concentration risk 26% 23% 27% 33% 37% 38% • Poised towa
Slide 37: AHF - Early Indicators: ID & ED Trends
AHF - Early Indicators: ID & ED Trends ID & ED Trend for AHF 6.0% 4.67% 4.53% 5.0% 4.23% 4.0% 3.28% 3.0% 3.73% 3.23% 3.05% 1.79% 1.80% 2.0% 2.52% 1.29% 1.55% 1.0% 0.73% 1.27% 1.36% 1.06% 0.62% 0.39% 0.0% Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 ED ID ED Benchmark ID Benchmark Y
Slide 38: Business Strategy – SME Finance
1 Company Overview 2 Financial Performance – Q4 FY19 & FY19 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 presen
Slide 39: SME Finance Business
SME Finance Business Direct distribution Disbursement picking up momentum model launched to increase customer wallet share through 540 auto top-ups 497 Distribution focus in 464 Upcountry markets. 419 Clocked growth over 41% in upcountry cities 340 333 MScore Credit Rule 297 Engine launched, along w
Slide 40: SME Finance – AUM
SME Finance – AUM AUM Growth Geographical Diversification North, 18% 2278 East, 13% 2238 2156 1991 1959 West, 36% South, 33% Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 SME Finance business AUM grew by ~16% Y-o- Y Geographically well diversified portfolio as on March’19 Bringing Equality of Opportunity
Slide 41: SME Finance - Early Indicators: ID & ED Trends
SME Finance - Early Indicators: ID & ED Trends ID & ED Trend for SME Finance 1.96% 1.52% 1.47% 1.57% 1.60% 1.32% 1.44% 0.58% 0.81% 0.67% 0.58% 0.50% 0.64% 0.34% Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 ED ID Sharp decline in ID, consistent trend in ED EWI & CPMI parameters for SME Finance un
Slide 42: Business Strategy – MHDI
1 Company Overview 2 Financial Performance – Q4 FY19 & FY19 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.
Slide 43: Magma HDI General Insurance
Magma HDI General Insurance Crossed Rs. 1000 crs Gross Written Premium mark in terms of GWP 358 Recorded 83.1% growth 267 in FY19 vs industry growth of 12.9% 195 193 208 124 Customer base of 1 million in FY19 and 5,000+ partners as at March 19 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Momentum
Slide 44: Magma HDI General Insurance: Robust growth
Magma HDI General Insurance: Robust growth Combined Ratio Movement Retail Run Rate 123.8% 120.7% 241 218 181 143 147 113.5% 114.3% 106 112.1% 73 80 48 49 60 35 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 FY17 FY18 FY19 Q4 FY18 Q4 FY19 Qtrly Retail Business Mthly Retail Run Rate • Combined ratio
Slide 45: Magma HDI General Insurance: Portfolio
Magma HDI General Insurance: Portfolio Portfolio Construct FY18 FY19 4% 9% Motor 23% 18% Commercial Health & 73% 73% Accident Rs. 560 Cr. Rs. 1026 Cr. • Motor Portfolio: Continue to enjoy the best Own Damage loss ratio in the industry as per IRDAI Q3 FY19 quarterly disclosures • Health & Accident Po
Slide 46: Magma HDI General Insurance Company (MHDI) Profit & Loss Statement
Magma HDI General Insurance Company (MHDI) Profit & Loss Statement Ind AS INR Crs Q4 FY19 Q3FY19 Q4 FY18 FY19 FY18 Gross Written Premium 359 267 195 1026 560 Net Written Premium 224 154 125 517 376 Net Earned Premium 188 134 86 385 335 Net Claims Incurred 166 112 74 271 278 Net Commission -15 -17 -3
Slide 47: Company Overview Financial Performance – Q4 FY19 & FY19 Business Strategy
1 Company Overview 2 Financial Performance – Q4 FY19 & FY19 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
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 to drive sustainable growth - 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 to drive sustainable growth - People
Business enablers to drive sustainable growth - People Fully functional role based training framework aimed at enhancing productivity and behavior Structured onboarding focused on middle and senior management (General Manager+) Structured development intervention for Senior leadership, includi
Slide 51: Business enablers to drive sustainable growth - 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: Company Overview Financial Performance – Q4 FY19 & FY19 Business Strategy
1 Company Overview 2 Financial Performance – Q4 FY19 & FY19 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
Slide 53: Board of Directors
Board of Directors Promoter Directors Non Promoter Directors Serves on the Boards of Mayank • Supports policy He is on the Board of Narayan K various reputed Indian Poddar formulation and guidance companies including Satya Brata Seshadri companies including West Chairman to the Management/Board Clea
Slide 54: Key Management Team
Key Management Team Sanjay Chamria Business CEO Support Functions VC and MD Kaushik Banerjee Manish Jaiswal Rajive Kumaraswami Chirag Jain Rajneesh Mishra Deepak Patkar Kailash Baheti President & CEO - ABF MD & CEO - HFC, MD & CEO-MHDI Chief Operating Chief People Officer Chief Risk Officer Chief Fi
Slide 55: Holding Structure & Shareholding Pattern
Holding Structure & Shareholding Pattern Magma Fincorp Limited 100% 41% Magma Housing Finance Magma HDI General Limited Insurance Company Limited Share Price Performance Shareholding (31-Mar-2019) 200 Public, Promoters, 31.59% 24.41% 150 100 50 Overseas 0 Bodies, Domestic 12.24% Investors, Average s
Slide 56: THANK YOU
THANK YOU 55
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: Company Overview Financial Performance – Q4 FY19 & FY19 Business Strategy
1 Company Overview 2 Financial Performance – Q4 FY19 & FY19 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
Slide 59: Magma Fincorp Ltd. (MFL) Standalone Profit & Loss Statement
Magma Fincorp Ltd. (MFL) Standalone Profit & Loss Statement Ind AS INR Crs Q4 FY19 Q3 FY19 Q4 FY18 FY19 FY18 Net Revenue 313 311 285 1,267 1,086 Expenses 145 155 152 602 552 Operating Profit 168 157 133 665 534 Net Credit Loss 42 51 17 262 297 Profit Before Tax 125 105 116 403 237 Tax 39 39 41 128 3
Slide 60: Magma Fincorp Ltd. (MFL) Standalone Balance Sheet – Ind AS
Magma Fincorp Ltd. (MFL) Standalone Balance Sheet – Ind AS Ind AS INR Crs FY19 FY18 Cash and Cash Equivalents 933 398 Loans and Advances 13,138 12,154 Other Assets 733 824 Fixed Assets 187 192 Total Assets 14,991 13,568 Borrowings 11,828 11,200 Other Liabilities 607 557 Share Capital 54 47 Reserves
Slide 61: Magma Housing Finance Ltd. (MHFL) Standalone Profit & Loss Statement
Magma Housing Finance Ltd. (MHFL) Standalone Profit & Loss Statement Ind AS INR Crs Q4 FY19 Q3 FY19 Q4 FY18 FY19 FY18 Net Revenue 35 36 35 133 124 Expenses 27 20 15 83 53 Operating Profit 8 15 20 50 71 Net Credit Loss -1 1 11 3 19 Profit Before Tax 9 14 9 47 52 Tax 3 4 3 13 18 Profit After Tax 6 10
Slide 62: Rewards & Recognition
Rewards & Recognition Corporate Social Responsibility Magma has received nearly a dozen awards in the last few years for its CSR activities including the following awards received in FY19: • Asian Customer Engagement Forum & Awards - Best CSR Event, 2018 (M Care) • Indian Chamber SOCIAL IMPACT AWARD
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