Poonawalla Fincorp Limited (erstwhile Magma Fincorp Limited) i | Ace Investors ( Stock Market News & More )
Poonawalla Fincorp Limited (erstwhile Magma Fincorp Limited) is a non-deposit taking NBFC registered with RBI. It is engaged in providing consumer and MSME financing, as well as General Insurance services. Company also provides construction equipments finance that helps the small business units to construct their infrastructure needed for their business. They give loan for various construction equipments and for the building of various plants and business units. The company also provides Suvidha scheme that is an added advantage for the consumers who wish to buy used commercial vehicles .
STRONG FUNDAMENTALS
* Company With Zero Promoter pledge . * MFs increasing their holding quarter to quarter . * Rising Net Cash Flow & Cash from Operating Activity . * Increasing Profits & Revenue Every Quarter . * Improving Cash Flow from operation for last 2 year * FII Hold 5.8 % stake in Company .
POONAWALLA FINCORP: CO SUBSIDIARY HOUSING FINANCE Q4 NET PROFIT RUPEES 291M VS LOSS 205M (YOY)
