Mangal Credit and Fincorp Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2025.
MANCREDIT · price
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On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.4 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mangal Credit and Fincorp (a base-layer NBFC) announced audited results for Q4 and FY ended March 31, 2025, with an unmodified audit opinion from Bhagwagar Dalal & Doshi. Total revenue from operations rose sharply to ₹49.59 crore (from ₹33.20 crore in FY24, up ~49%), driven mainly by interest income of ₹48.04 crore. Profit after tax grew to ₹13.07 crore (from ₹10.55 crore), with basic EPS rising to ₹6.68 from ₹5.45. The Board recommended a final dividend of ₹0.75 per share (7.5%) subject to shareholder approval. The company also appointed Anand R. Chandak & Company as internal auditor for FY26 and Chirag Parmar as Company Secretary effective June 7, 2025. Net cash used in operating activities remained negative at ₹(39.36) crore, though improved from ₹(53.98) crore last year, while borrowings rose to ₹198.85 crore.
Strong revenue growth (~49%) and steady profit growth reflect healthy lending expansion, but the persistent negative operating cash flow and rising borrowings (~45% jump) suggest funding is coming from debt rather than operations. The 7.5% dividend offers modest income, while management changes are routine.