Magma Fincorp Q4 net up 22%

Kolkata-based asset finance company Magma Fincorp, on Thursday announced that its profit after tax in Q4 of 2015-16 saw a 22-per cent jump to ₹66 crore over the corresponding quarter of the previous fiscal. Its PAT at ₹213.5 crore for 2015-16 was up 14 per cent over the previous financial year. It declared a dividend of ₹0.80 or 40 per cent . On Thursday, Magma Fincorp’s share closed at ₹90.55, down 0.17 per cent, on the BSE.