Mangal Credit and Fincorp Limited has submitted to the Exchange, the financial results for the quarter and financial year ended March 31, 2026.
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Mangal Credit and Fincorp Limited, a RBI-registered NBFC, reported FY2026 results with total revenue of ₹6,996.58 lakhs, up 41% from ₹4,957.62 lakhs in FY2025, driven by strong growth in interest income (₹6,701.32 lakhs, +39.5%). PAT grew to ₹1,530.65 lakhs (+17.1% YoY from ₹1,306.76 lakhs). Basic EPS stood at ₹7.46 vs ₹6.68. Net profit margin improved to 21.88%. The company issued ₹3,000 lakhs in NCDs during Q4 and raised additional equity capital of ₹1,278.75 lakhs. The board recommended a final dividend of ₹0.75 per share (7.5%). Statutory auditors Bhagwagar Dalal & Doshi issued an unmodified opinion. The company also proposed issuing up to 25 lakh convertible equity warrants on a preferential basis. Security cover for outstanding NCDs was confirmed compliant. An internal auditor change was made, appointing M/s Anand R. Chandak & Company for FY2026-27.
Revenue growth is strong at 41%, but PAT growth of 17% trails revenue growth. The significant negative operating cash flow of ₹11,415 lakhs is a concern — it reflects heavy loan disbursements funded by borrowings — and the high debt-to-equity ratio of 1.90x warrants monitoring.