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Magma Fincorp Limited

Reaching New Heights in Retail Finance
Q3 FY14 Update
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HELPING PEOPLE REACH OUT TO THEIR DREAMS
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Leadership Team
Business Overview and Strategy
Annexures
Financial Results 9M FY14
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4
Common infra services sharing with new businesses, mortgage and insurance, and Operational efficienices leading
to consistent reduction in opex ratio
Product mix and customer mix optimization leading to increase in NIS by 95 bps to 5.70%.
Loan book increases by 20% yoy to Rs 17,224 crore aided by growth in mortgage, SME and tractor financing
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Key Business Highlights 9M FY14
Aggressive NPA recognition at 120+ dpd resulting in 2X* impact on provisioning compared to RBI norms at 180+ dpd.
#1
#2
#3
#4
Significant intervention in internal processes leading to trend-line reversal in collection efficiency from Nov 13
#5
* Refer slide 12
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Financial Results 9M FY14
Values in Rs. Crore and based on MFL (Standalone & Consolidated Statements)
9M FY14
9M FY13
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Loan Assets
15,417
13%
13,704
Opex /Avg. Loan
Assets
-42 bps
3.02%
3.44%
Net Interest
Spreads
5.69%
4.52%
117 bps
Profit After Tax
104.8
79.5
32%
9M FY14
9M FY13
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Loan Assets
17,224
20%
14,338
Opex /Avg. Loan
Assets
-17 bps
3.17%
3.34%
Net Interest
Spreads
5.70%
4.75%
95 bps
Profit After Tax
113.8
99.3
15%
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Financial Results Q3 FY14
Values in Rs. Crore and based on MFL (Standalone & Consolidated Statements)
17,224
20%
14,338
-5 bps
3.25%
3.30%
5.83%
5.09%
74 bps
36.2
38.1
-5%
Loan Assets
Opex /Avg. Loan
Assets
Net Interest
Spreads
Profit After Tax
Q3 FY14
Q3 FY13
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Loan Assets
15,417
13%
13,704
Opex /Avg. Loan
Assets
-43 bps
3.05%
3.48%
Net Interest
Spreads
5.85%
4.86%
99 bps
Profit After Tax
30.9
33.0
-6%
Q3 FY14
Q3 FY13
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7
Car/UV
35%
CV
12%
CE
13%
Tractor
18%
SME
Loans
9%
Used CV
6%
Mortgage
7%
Disbursement Mix
Car/UV
34%
CV
20%
CE
16%
Tractor
14%
SME
Loans
7%
Used CV
9%
9M FY14: Rs 6,616 cr 9M FY13: Rs 6,676 cr
Values in Rs. Crore and based on MFL (Consolidated)
Change in product mix aligned to risk reward efficiencies supported by multi product portfolio strategy
Car/UV
32%
CV
11%
CE
12%
Tractor
20%
SME
Loans
9%
Used CV
6%
Mortgage
10%
Car/UV
33%
CV
17%
CE
16%
Tractor
17%
SME
Loans
7%
Used CV
10%
Q3 FY14: Rs 2,482 cr Q3 FY13: Rs 2,338 cr
8
6,931
10,976
12,462
5,105
5,264
4,762
-
5,000
10,000
15,000
FY12 FY13 9M FY14
On Book Assets Off Book Assets
Loan Book Growth
8
Total Loan Assets 12,036 17,224 16,240
Net Interest Spread 3.40% 5.70% 4.91%
Values in Rs. Crore and based on MFL (Consolidated)
Healthy increase in spread driven by judicious product and customer mix
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9
Diversified Loan Asset Portfolio
27%
30% 31%
34%
24%
19%
19%
15%
14%
10%
12%
15%
-
8%
8%
5%
6%
7%
5%
5% 5%
0.4%
0.5%
0%
25%
50%
75%
100%
FY12 FY13 9M FY14
Car/UV CV CE Tractor Mortgage Used Vehicles SME Loans Gold Loans
12,036 16,240 17,224 Total Loan Assets
Values in Rs. Crore and based on MFL (Consolidated)
Well diversified portfolio of 8 products Commercial vehicles and equipments reduced to 33% from 53% and tractor
and mortgage contributing 23% against 10% in two years
10
* Total On+Off B/S Loan Assets in MFL (Consolidated)
Largest contribution by a single state limited to 10% of loan book
Diversification of loan book exposure minimizes impact of regional/local/single event risks
10
Total loan assets: Rs. 17,224 crore *
Delhi/Uttarakhand,
8%
Haryana, 6%
Punjab/HP, 4%
Rajasthan, 8%
UP, 10%
Bihar, 3%
Jharkhand, 2%
Orissa, 3%
WB, 5%
AP, 9%
Karnataka, 5%
Kerala, 5%
TN, 4%
Chattisgarh, 4%
Gujarat, 6%
MP, 8%
Maharashtra, 10%
North: 35%
South: 23%
East: 14% West: 28%
Widespread Geographic Coverage
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Liability Profile
Debt (incl.
securitisation)
11,364 15,863
On Balance
Sheet Debt
6,259 10,599
Rating Upgrades
Instrument 31 Mar 12 31 Mar 13 31 Dec 13
Short term A1+ A1+ A1+
Long term AA+ AA+ AA+
Pref Cap AA AA AA
Sub debt AA AA AA
Perpetual debt AA- AA- AA-
Diversified liability sources limit concentration risk,
allows stable flow of funds and improved rating, all
leading to lower costs
Consortium of 20 public & private sector banks
Capital market funding from wide spectrum of lenders
including MFs, Insurance companies, Pension /
Provident funds and Corporates among others
Other unsecured debt includes multiple instruments
like PDI, Sub-debt, FIs and Preference capital
35 35 35
13
21
25
7
11
10
45
33
30
0%
25%
50%
75%
100%
FY12 FY13 9M FY14
Banks DCM Others Securitisation
15,883
11,122
Liability Profile
Values in Rs. Crore and based on MFL (Consolidated)
12
12
Collections and Provisioning
Collection Efficiency (%) NPA Provisions (% of Loan Assets)
Collection Efficiency is defined as percentage of instalment collections made during the period out of total instalments billed during the period
Values in charts in % and based on MFL (Consolidated)
Magma follows early provisioning at 120dpd+, and higher provisioning %age compared to RBI norms.
As a result NPA provisions made for Rs 123 crores (Rs 61 crores required as per RBI norms) as on 31 Dec 13
Magma does not restructure any loan
Magma adopts the most conservative NPA provisioning policy among NBFCs
98.2
94.9
90.0
95.0
100.0
FY13 9M FY14
1.6
3.6
2.5
1.3
2.9
2.2
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
FY13 9M FY14 9M FY14 - RBI
norms
GNPA % NNPA %
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Summary Financials (Standalone)
Q3 FY14 Q3 FY13 9M FY14 9M FY13 FY13
LIABILITIES 12,151 11,020 12,151 11,020 11,742
Net Worth 1,264 1,161 1,264 1,161 1,174
On B/S Debt 9,882 8,910 9,882 8,910 9,593
Other Liabilities 1,005 948 1005 948 975
ASSETS 12,151 11,020 12,151 11,020 11,742
Loan Assets 10,823 9,359 10,823 9,359 9,703
Other Assets 1,328 1,660 1,328 1,660 2,038
Q3 FY14 Q3 FY13 9M FY14 9M FY13 FY13
Income from Ops. 455.3 405.5 1,326.8 1,071.5 1,511.0
Interest Expenses 274.9 244.2 791.3 640.8 887.4
Gross Margin 180.5 161.4 535.5 430.7 623.5
Other Income 18.2 23.5 58.3 69.5 95.2
Operating Expenses 160.4 136.0 458.5 382.7 539.6
Overheads 88.2 91.9 260.8 262.1 362.0
Sourcing Expenses 27.9 24.1 80.5 64.5 91.5
Prov./Write Offs 44.3 20.1 117.3 56.1 86.1
Profit Before Tax 38.3 48.8 135.3 117.5 179.2
Profit After Tax 30.9 33.0 104.8 79.5 122.8
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Values in Rs. Crore and based on MFL (Standalone)
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RoA Analysis (Standalone)
Q3 FY14 Q3 FY13 9M FY14 9M FY13 FY13
Total Income/Assets 15.9% 15.9% 15.5% 16.0% 16.3%
Interest Expenses/Assets 9.2% 9.1% 8.8% 9.0% 9.0%
Net Income 6.7% 6.9% 6.6% 7.0% 7.3%
Operating Expenses/Assets 5.4% 5.1% 5.1% 5.4% 5.5%
Overheads/Assets 3.0% 3.4% 2.9% 3.7% 3.7%
Sourcing Expenses/Assets 0.9% 0.9% 0.9% 0.9% 0.9%
Provision & WO/Assets 1.5% 0.7% 1.3% 0.8% 0.9%
Profit Before Tax 1.3% 1.8% 1.5% 1.7% 1.8%
Return on Assets (RoA) 1.0% 1.2% 1.2% 1.1% 1.2%
Return on Equity (RoE) 8.9% 10.3% 10.3% 8.4% 9.7%
Tier 1 CRAR 10.5% 11.1% 10.5% 11.1% 10.6%
Total CRAR 15.3% 16.6% 15.3% 16.6% 16.8%
Values in %; Assets imply average of opening and closing balance of On B/S Assets in MFL (Standalone)

While operating efficiency has improved, accelerated NPA provisioning has resulted in lower profitability
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Proforma P&L Statement (Standalone)
Q3 FY14 9M FY14 FY13
Net Income/Assets 6.0% 6.0% 6.4%
Profit Before Tax 1.5% 1.9% 2.2%
RoA 1.2% 1.4% 1.5%
Q3 FY14 9M FY14 FY13
Income from Ops. 455.0 1,329.9 1,519.6
Interest Expenses 274.9 791.3 887.4
Gross Margin 180.1 538.6 632.2
Other Income 18.2 58.3 95.2
Operating Expenses 152.4 429.1 507.3
Overheads 88.2 260.8 362.0
Sourcing Expenses 27.9 80.5 91.5
Prov./Write Offs 36.3 87.8 53.8
Profit Before Tax 45.9 167.8 220.2
Profit After Tax 36.0 126.3 149.8
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Values in Rs. Crore and based on MFL (Standalone)
Difference between Magma provisioning policy and RBI norms reflected in income from ops. and provisions/write
offs and has a resultant impact on profits
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Summary Financials (Consolidated)
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Values in Rs. Crore and based on MFL (Consolidated)
Q3 FY14 Q3 FY13 9M FY14 9M FY13 FY13
Income from Ops. 513.5 423.9 1,485.4 1,131.1 1,606.9
Interest Expenses 306.3 252.2 879.2 660.1 926.2
Gross Margin 207.2 171.7 606.2 470.9 680.6
Other Income 22.1 21.5 70.8 64.5 94.6
Operating Expenses 187.2 136.9 530.5 388.3 562.7
Overheads 109.4 90.6 315.6 265.4 373.2
Sourcing Expenses 28.5 24.2 82.3 64.9 92.9
Prov./Write Offs 49.3 22.0 132.6 58.0 96.6
Profit Before Tax 42.1 56.4 146.5 147.1 212.5
Profit After Tax 36.2 38.1 113.8 99.3 144.9
Q3 FY14 Q3 FY13 9M FY14 9M FY13 FY13
LIABILITIES 13,916 11,548 13,916 11,548 13,114
Net Worth 1,492 1,260 1,492 1,260 1,397
On B/S Debt 11,122 9,239 11,122 9,239 10,599
Other Liabilities 1,302 1049 1302 1049 1,118
ASSETS 13,916 11,548 13,916 11,548 13,114
Loan Assets 12,462 9,874 12,462 9,874 10,976
Other Assets 1,454 1,674 1,454 1,674 2,138
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Segment wise Breakup 9M FY14
Asset finance
business
Gold loan
business
Mortgage
business
Insurance
business ^^
Consolidated
Net Interest Spreads (%) ^ 5.93% 9.38% 2.86% 5.70%
Total Loan Assets (Rs cr) 15,727 92 1,405 284 * 17,224 **
Total Income (Rs cr) 1,426.5 13.4 128.3 -12.0 1,556.2
Total Expenses (Rs cr) 1,266.9 22.1 120.7 - 1,409.7
Profit Before Tax (Rs cr) 159.6 -8.7 7.6 -12.0 146.5
^^ P&L related nos for MHDI (Insurance business) represent 37% of total
^ Calculated on Earning Assets; * Gross Written Premium (GWP) in 9M FY14; ** Does not include GWP of Insurance JV
Mortgage and General Insurance business performing as planned
Presence in Gold Loan business being re-evaluated
Overall profitability to improve as new businesses scale up
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28.1% 27.4% 27.6%
25.6%
0.0%
10.0%
20.0%
30.0%
FY12 FY13 9M FY13 9M FY14
78
145
99
114
-
50
100
150
FY12 FY13 9M FY13 9M FY14
1,080
1,701
1,196
1,556
-
500
1,000
1,500
FY12 FY13 9M FY13 9M FY14
57
62 61
66
-
25
50
75
FY12 FY13 9M FY13 9M FY14
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Financials on Growth Trajectory
Total Income (Rs crore) Profit After Tax (Rs crore)
Opex to Total Income ratio (%) ^ Book Value per Share (Rs) Standalone basis
Based on MFL (Consolidated); ^ Opex Includes Employee Benefit Expenses, Other Expenses, Depreciation and Brokerage & Commission
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Leadership Team
Business Overview and Strategy
Annexures
Financial Results 9M FY14
19
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Company in Transformation
Started financing business
Started retail
financing
Acquisition of Consortium Finance
Started implementation of vertical
business structure
Acquisition of Shrachi Infra. Finance
Launched tractor finance business
JV with HDI Gerling for General
Insurance business
Acquired GEs mortgage business
General insurance business becomes
operational
Launched Gold loan business
Oracle appointed for technology
platform transformation
Started Used CV
financing
Launched SME
Loans business
KKR and IFC, Washington invest Rs 439 crore for
27.8% stake
Securitisation and related accounting policy
streamlined
CARE upgrades ratings
Appointed KPMG as statutory auditors
Launched mortgage finance
business
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Commercial Vehicles
New and Used
Construction Equipment
Cars & UVs
Tractors
Affordable Housing
SME Loans
Loan Against Gold
General Insurance
Customer
Diverse
financial
needs over
life time
Customer focused
structure and processes
Invest early into
customers 1
st
time /
under banked
customers
Business structure
aligned to specialize in
customers specific
business needs
Recovery systems
based on customer
behavior
Feedback systems to
improve service Sales
support
Design and product
development based on
customer feedback
Customer Centric Approachwith a bouquet of products
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Synergistic Approach to Growth
Entry level vehicles and UV/MUV
Small Road Transport Operator (SRTO)
Rural markets and UV/MUV segment
Tie up with car manufacturers
430


69%


45 Cars
1-5 vehicle owners (esp FTB segment)
SRTO
LCV & SCV
Tie up with CV manufacturers
640 84%* 44
Commercial
Vehicles (CV)
Land owning farmers
25-75 HP tractors
Alliances with OEMs
New product introductions
340 63% 45 Tractors
FTB, Small fleet drivers
M&HCV, Refinance
LCV
High vintage vehicles (7-8 years)
520 70% 35 Used CV
Small Scale Entrepreneurs
Increase collaboration with OEMS
Wider product range
1610 78% 39
Construction
Equipment
SME segment
Working capital, business expansion
MSME segment 1940 NA 33 SME Loans
Primary borrowers
Target underpenetrated urban
markets in North, West and East India
Gold Loans
Affordable housing Tier 3 and 4 towns Home Loans
Key Customer Segments Focus areas to Drive Growth ATS
(Rs 000)
LTV Tenure
(months)
48 52% 12
ATS: Average Ticket Size; FTB: First Time Buyers; Numbers represent average for disbursements done in Q3 FY14
* LTV has been calculated without considering cost of truck body, which is not funded. Inclusive of body in the cost of asset, LTV woul d be approx. 73%
Captive customers
Rural agri based products
Penetrate motor insurance market
Rural agri markets
General
Insurance
Products
22
Leverage branch / collection
presence and understanding of
product, target customer
behaviour and its requirements to
grow new products
23
New businesses
1
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MORTGAGE
GENERAL
INSURANCE
GOLD LOANS
SYNERGIES/ CAPABILITIES CURRENT STATUS
Product available in 87 branches
Gross Written Premium of Rs 284 crore in
9M FY14
Increase reach and conversion ratio by
leveraging Magma network
Network of 45 gold loan branches
Created loan book of Rs 92 crore (0.5% of
total loan book)
Objectively evaluate gold loan business and
institutionalize learnings
Over two decades of experience in financing
cars and CV in rural markets
Over a decade of experience in selling
general insurance policies
Opportunity to create a network with high
penetration levels
Cross sell of other Magma products
Mortgage business present in 79 branches
Disbursement of Rs 426 crore in 8 months
of operations since May 2013
Strategy in place for scaling up to higher
contribution in overall portfolio
Existing branch network in rural/ semi rural
locations
Target customer profile same as in existing
ABF business
New businesses to increase the size of the market where we compete thus driving long term growth
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Product-wise Verticals Collections Vertical
AFC HFC Gold Loans Insurance Based on Customer Behaviour
Sales Credit Operations
Product
Development
Channel
Management
Car/UV
CV
CE
Used CV
SME Loans
Tractor
Home Loan
LAP
Gold Loans General
Insurance
0 dpd
1 30 dpd
31 90 dpd
91 180 dpd
181-730 dpd
ARD/Legal
High Ticket
Key Benefits
Scalability
Operating & cost efficiency including through automation / standardization
Specialization
Aligning responsibilities & remuneration
Product wise Functions
Integrators
Marketing Risk Management
Strategy People Management
Technology Operations
Finance / Treasury Audit
Identify areas of risk /
concerns - preventive
measures
Product
Geography
Customer segment
Branding
Channel development
Product innovation
Customer relations
Cross selling
Inorganic opportunities
Leadership & development,
Succession planning,
Training & retention
Supported by
Marketing
Vertically Aligned Business Model
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Branch Network Growth (AFC & Gold Loan Branches) Pan - India Reach
280 branches across 21 states /union territories
Coverage of over 75% of ~670 districts in India*
8,973 employees including ~8200 front line staff
Rural, 87,
37%
Semi Rural,
98, 42%
Urban, 50,
21%
Rural Urban Breakup of AFC Branch Network *
N
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b
r
a
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c
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e
s

60
73 74
50
61 63
46
54 54
44
43
44
45
200
275
280
-
100
200
300
FY12 FY13 9M FY14
North West South East Gold Loan Total
Branch Network
AFC branches
* As on 31 December 2013; Based on companys market surveys and estimates
26
Leadership Team
Business Overview and Strategy
Annexures
Financial Results 9M FY14
26
27
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Board of Directors
Respected Board of Directors
Professional Entrepreneur MD
Mayank Poddar
Chairman
Supports policy formulation and
guidance to the Management/Board
Over 30 years of experience in the
financial sector.
Sanjay Chamria
VC and MD
Anchors strategic policy formulation
and execution.
Drives new business initiatives and
leads management team
Sanjay Nayar Non
Executive Director
(Nominee of KKR)
CEO and Country Head of KKR,
India. Ex CEO of Citi India & South
Asia operations
Narayan K Seshadri
Entrepreneur consultant. Former
Country Head - KPMG Consulting &
Head of Business Consulting in
Arthur Andersen
Neil Graeme Brown
Co-Founder of Subito Partners (UK).
Ex-Partner of Coopers & Lybrand
(now PwC) and Ex-Director of Apax
Partners. Set up FIG practice in
Apax Partners
Kailash Nath
Bhandari
Ex Chairman & MD of New India
Assurance and United India
Assurance. Additionally, worked as
consultant of World Bank.
Nabankur Gupta
Founder - Nobby Brand Architects &
Strategic Marketing Consultants.
Pioneer of sub branding and multi
branding in India. Also served as Group
President in Raymond
Satya Brata Ganguly
Chairman Emeritus of Exide
Industries. On the board of Indian
Chamber of Commerce and Industry
and Bengal Chamber of Commerce
and Industry among others.
Promoter Directors Non Promoter Directors
Business
Heads
Collections Marketing Risk Strategy
Human
Resource
Technology
Treasury/
Finance/IR
Professional Management Team
Audit
Board members with decades of experience in financial services and related fields
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Ashutosh Shukla
Experience of over 25 years in Magma and Consortium Finance. Setup North and West Zone business and
headed collections vertical in Magma earlier
V Lakshmi
Narasimhan
Experience of 23 years in Magma and Consortium Finance. Incubated SME Loans & Tractors business in Magma.
Served as National Credit and Risk Head.
Sachin
Khandelwal
Experience of over 20 years in sales and marketing. Ex- MD of ICICI Home Finance.
Vikas Mittal
Experience of over 20 years in brokerage and wealth management industry. Ex- MD & CEO of Enam Direct & Ex-
MD of Citi Wealth Advisors
Swaraj Krishnan Veteran in the general insurance industry. Ex-CEO of Bajaj Allianz General Insurance
Sandeep Walunj
Experience of 20 years in consumer marketing in FMCG & Retail businesses. Worked as CMOBig Bazaar &
Value Formats in Future Group
Kailash Baheti Ex-CEO of Century Extrusions. Extensive experience in finance, accounts, compliance and legal functions.
Senior management with extensive experience both within Magma and in the industry
COO, Asset
Financing
Business
Chief Financial
Officer
MD & CEO,
Magma Housing
Finance
Business Head,
Gold Loans
CEO, Magma HDI
General Insurance
Chief Marketing
Officer
Chief Strategy
Officer
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H
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Sumit Mukherjee
Served as National Sales Head for High Yield Products and Credit and Risk Head at Magma prior to current role.
Worked with Citi Corp as VP prior to joining Magma. Over 18 years of experience in sales.
Mahendar
Bagrodia
Served as National Risk and Credit Head prior to current role. Experience of over 18 years of which 12 years with
Magma Fincorp
Chief Sales Officer
Chief of
Receivables
Management
Management Team
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Shareholding
Promoters,
33.6%
Overseas
Bodies, 26.2%
FII, 30.7%
Domestic
Investors,
3.9%
Public, 5.6%
Top Non Promoter Shareholders Shareholding of Magma Fincorp
KKR
IFC, Washington
Chrys Capital (Lavender Investments Ltd)
India Capital Fund Ltd
Bank Muscat S A O G A/C Bankmuscat India
As on 31
st
December 2013
Magma Fincorp
(Standalone)
Magma ITL JV
(tractor biz)
Magma HDI JV
(general
Insurance biz)
Magma
Housing
Finance
Magma Fincorp
(Consolidated)
100% 74% 37% 100%
Holding Structure
30
30 30
Forward Looking Statements
Certain statements in this document with words or phrases such as will, should, etc.., and similar expressions or variation of
these expressions or those concerning our future prospects are forward looking statements. Actual results may differ materially
from those suggested by the forward looking statements due to a number of risks or uncertainties associated with the
expectations. These risks and uncertainties include, but are not limited to, our ability to successfully implement our strategy and
changes in government policies. The company may, from time to time, make additional written and oral forward looking
statements, including statements contained in the companys filings with the stock exchanges and our reports to shareholders.
The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf
of the company.
Thank You
31
Leadership Team
Business Overview and Strategy
Annexures
Financial Results 9M FY14
31
32
32
Profit & Loss Statement (Standalone)
Particulars Q3 FY14 Q3 FY13 YoY % 9M FY14 9M FY13 FY13
Income
- Income from Operations 455.3 405.5 12% 1326.8 1071.5 1511.0
- Other Income 18.2 23.5 -22% 58.3 69.5 95.2
Total Income 473.5 429.0 10% 1385.1 1141.0 1606.1
- Finance Costs 274.9 244.2 13% 791.3 640.8 887.4
- Employee Benefit Expenses 53.7 49.9 8% 152.2 142.0 202.8
- Depreciation 7.7 8.7 -12% 25.2 28.2 36.7
- Brokerage & commission 27.9 24.1 16% 80.5 64.5 91.5
- Provisions against Standard Assets 1.0 4.3 -77% 2.4 11.2 12.0
- Provision for NPA/ Writeoffs 43.3 15.8 175% 114.9 44.9 74.1
- Other Expenses 26.8 33.3 -19% 83.4 91.9 122.5
Total Expenses 435.3 380.2 14% 1249.8 1023.5 1427.0
Profit Before Tax 38.3 48.8 -22% 135.3 117.5 179.2
Tax (incl. Deferred Tax) 7.4 15.7 -53% 30.5 38.0 56.4
Profit After Tax 30.9 33.0 -6% 104.8 79.5 122.8
Earnings per share (Rs.) 1.45 1.55 -6% 4.97 3.71 5.74
Book Value per share (Rs.) 66.0 60.7 9% 66.0 60.7 61.8
All values in Rs crore
* Previous year figures have been regrouped / restated, wherever necessary

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Balance Sheet (Standalone)
Particulars Dec-13 Dec-12 Mar-13
Shareholder Funds
- Equity capital 38.0 38.0 38.0
- Preference Capital 118.4 165.7 161.4
- Reserves & Surplus 1226.1 1123.4 1135.6
-Share application money pending allotment
Net Worth 1264.1 1161.4 1173.6
Non Current Liabilities 2857.9 3125.6 3410.0
Current Liabilities 7910.8 6566.9 6996.8
Total Liabilities 12151.3 11019.6 11741.9
Non Current Assets
- Fixed assets 176.1 172.6 174.4
- Non Current Investments 222.6 157.6 220.5
- Other Non Current Assets/ Long term Loans & Advances 6830.2 5807.5 6322.4
Current Assets
- Cash & Bank balances 446.5 925.8 1164.0
- Current Investments 90.8 - 64.9
- Other Current Assets/ Short term Loans & Advances etc. 4385.1 3956.1 3795.6
Total Assets 12151.3 11019.6 11741.9
All values in Rs crore
* Previous year figures have been regrouped / restated, wherever necessary

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Profit & Loss Statement: Magma ITL (MITL)
All values in Rs crore
Particulars Q3 FY14 Q3 FY13 YoY %
9M
FY14
9M
FY13
FY13
- Total Income 36.1 25.9 39% 99.1 71.4 101.0
Total Income 36.1 25.9 39% 99.1 71.4 101.0
- Finance Costs & Other Costs 16.5 12.4 33% 43.2 28.9 42.5
- Operating Expenses 12.2 5.0 144% 30.0 13.6 21.5
- Provisions against Standard Assets 0.1 0.4 -67% 0.5 0.8 0.8
- Credit Loss 0.5 -0.5 -217% 3.4 -0.9 0.0
Total Expenses 29.4 17.4 69% 77.1 42.3 64.8
Profit Before Tax 6.8 8.6 -21% 21.9 29.0 36.2
Profit After Tax 4.5 6.0 -24% 15.8 19.6 24.4
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Profit & Loss Statement: Magma Housing Finance (MHF)
Particulars Q3 FY14 9M FY14 FY13*
- Total Income 31.1 85.2 85.3
Total Income 31.1 85.2 85.3
- Finance Costs 19.0 54.5 44.1
- Operating Expenses 9.5 24.8 20.2
- Provision & Writeoffs 1.0 4.6 1.8
Total Expenses 29.4 83.9 66.1
Profit Before Tax 1.7 1.3 19.2
Profit After Tax 1.2 0.9 12.6
All values in Rs crore
* Above figures are for full year; Consolidation with Magma is effective 11th Feb 2013
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Profit & Loss Statement: Magma HDI General Insurance Company (MHDI)
All values in Rs crore
Particulars Q3 FY14 9M FY14 FY13
Gross Written Premium 114.2 283.7 95.8
Net Earned Premium 69.6 145.3 14.3
Claims Incurred 61.5 129.0 12.5
Net Commission 4.4 11.7 3.2
Management Expenses 23.6 61.9 29.6
Underwriting Profit/Loss -20.0 -57.3 -31.1
Investment Income 9.9 24.8 19.2
PBT -10.1 -32.5 -13.5
PAT 1.4 -21.1 -9.4
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Profit & Loss Statement (Consolidated)
All values in Rs crore
* Previous year figures have been regrouped / restated, wherever necessary

Q3 FY14 Q3 FY13 YoY % 9M FY14 9M FY13 FY13
Income
- Income from Operations 513.5 423.9 21% 1,485.4 1,131.1 1,606.9
- Other Income 22.1 21.5 3% 70.8 64.5 94.6
Total Income 535.6 445.5 20% 1,556.2 1,195.5 1,701.5
- Finance Costs 306.3 252.2 21% 879.2 660.1 926.2
- Employee Benefit Expenses 60.7 49.1 24% 170.7 143.3 204.0
- Depreciation 7.7 8.9 -13% 25.2 28.7 37.6
- Brokerage & commission 28.5 24.2 18% 82.3 64.9 92.9
- Provisions against Standard Assets 1.5 4.7 -68% 3.4 12.0 14.0
- Provision for NPA/ Writeoffs 47.8 17.3 176% 129.2 46.0 82.6
- Other Expenses 41.0 32.7 26% 119.7 93.4 131.6
Total Expenses 493.5 389.1 27% 1,409.7 1,048.4 1,489.0
Profit Before Tax 42.1 56.4 -25% 146.5 147.1 212.5
Tax (incl. Deferred Tax) 5.9 18.3 -68% 32.8 47.8 67.5
Profit After Tax 36.2 38.1 -5% 113.8 99.3 144.9
Earnings per share (Rs.) 1.68 1.73 5.22 4.48 6.55
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Balance Sheet (Consolidated)
Particulars Dec-13 Dec-12 Mar-13
Shareholder Funds
- Equity capital 38.0 38.0 38.0
- Preference Capital 154.0 165.7 197.0
- Reserves & Surplus 1454.4 1221.9 1359.4
- Fair value change account 0.0 0.0 0.0
- Share application money pending allotment 0.0 0.0 0.0
Net Worth 1492.5 1259.9 1397.4
Minority Interest 29.5 24.0 25.5
Non Current Liabilities 3379.0 3221.4 4006.7
Current Liabilities 8861.2 6876.5 7487.2
Total Liabilities 13916.2 11547.5 13113.8
Non Current Assets
- Fixed assets 192.1 173.5 190.2
- Non Current Investments 258.2 176.8 199.6
- Other Non Current Assets/ Long term Loans & Advances 8223.0 6114.1 7431.9
Current Assets
- Cash & Bank balances 481.9 959.4 1217.8
- Current Investments 100.5 4.5 67.3
- Other Current Assets/ Short term Loans & Advances etc. 4660.4 4119.3 4006.9
Total Assets 13916.2 11547.5 13113.8
All values in Rs crore
* Previous year figures have been regrouped / restated, wherever necessary