Magma Fincorp (MGMA) adopted IND AS from Q1FY19 and adjusted its legacy stressed portfolio against net worth resulting in overall impact of ~Rs5.54bn in net worth. The move will ensure lower credit costs in future as well as superior RoEs due to low base MGMA reported robust disbursement growth of ~25% yoy, led by Used assets at 28% yoy, Commercial Vehicles at 150% yoy and SME Segment at 34% yoy Gross Stage 3 (GNPAs) stands at ~9.5% as on June 2018 against ~11.7% in June 2017 - NNPA has come down to 4.4% as on June 2018 against 7.0% as on June 2017; whereas PCR stands at 56% as on June 2018, compared to 42.8% as on June 2017...