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நேரலைசமீபத்திய அறிவிப்பு: 2026-11-03 19:07இன்று 0 பகுப்பாய்வு செய்யப்பட்டது
குறிப்பு: இவை NSE பொது அறிக்கைகளின் AI-உருவாக்கிய, கல்வி நோக்கச் சுருக்கங்கள் — ஒவ்வொரு ஆவணத்தையும் ஆதாரமாகக் கொண்டவை, ஆனால் முதலீட்டு ஆலோசனை அல்ல, மேலும் முழுமையற்றதாகவும் இருக்கலாம். அசல் அறிக்கையுடன் சரிபார்க்கவும், செயல்படுவதற்கு முன் SEBI-பதிவு பெற்ற முதலீட்டு ஆலோசகரை அணுகவும்.
Q2 FY27 PAT Rises 35.8% YoY to ₹4.07 Cr; Total Revenue Up 34.1% to ₹21.25 Cr
Mangal Credit and Fincorp reported a 34.1% YoY increase in total revenue to ₹21.25 Cr for Q2 FY27, compared to ₹15.85 Cr in Q2 FY26. Net profit for the quarter rose 35.8% YoY to ₹4.07 Cr from ₹2.99 Cr, although it moderated sequentially from ₹5.69 Cr in Q1 FY27. For H1 FY27, total revenue reached ₹43.41 Cr (up 43.2% YoY) with PAT of ₹9.76 Cr (up 62.8% YoY). Additionally, the company confirmed full utilization of ₹35 Cr raised via NCDs for onward lending and general corporate purposes with zero deviation.
உச்சம் நம்பிக்கை
என்ன மாறியதுBoard approved unaudited Q2 and H1 FY27 results and certified nil deviation in the deployment of ₹35 Cr raised via NCDs.
ஏன் இது முக்கியம்Demonstrates strong top-line and YoY profit growth in MSME/lending operations, though sequential contraction and rising finance costs warrant scrutiny.
Q2 Revenue from Operations: ₹21.25 கோடிQ2 Net Profit: ₹4.07 கோடிH1 Net Profit: ₹9.76 கோடிQ2 Finance Costs: ₹10.81 கோடிNCD Fundraise Deployed: ₹35.00 கோடி
📅 குறுகிய காலம்Solid YoY earnings growth should support sentiment, though investors will note the sequential dip in PAT from Q1 FY27 (₹5.69 Cr to ₹4.07 Cr).
📈 நீண்ட காலம்Continued expansion of AUM and onward lending with injected debt capital aligns with target MSME portfolio growth, subject to controlling borrowing costs.
⚠ அபாய எச்சரிக்கைகள்
Sharp increase in finance costs (+50.1% YoY to ₹10.81 Cr in Q2) compressing margins
Sequential contraction in quarterly PAT by 28.5%
👀 கவனிக்க வேண்டியவை
Track the trajectory of net interest margins and borrowing costs, as finance costs grew 50% YoY and impacted sequential profitability.
Mangal Credit Allots 25 Lakh Warrants at ₹247 to Raise ₹61.75 Cr
Mangal Credit and Fincorp has approved the allotment of 25,00,000 convertible equity warrants at ₹247 each, raising a total of ₹61.75 crore. The company received 25% upfront subscription money amounting to ₹15.44 crore, with the remaining 75% due upon conversion within 18 months. The warrants are allotted primarily to promoters (24,00,000 warrants) and a non-promoter (1,00,000 warrants). At ₹61.75 crore, the total fundraise represents ~12.8% of the company's current market cap of ₹484 crore and ~35.7% of its net worth.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe board has formally allotted 25 lakh convertible warrants following shareholder approval on September 22, 2026, and stock exchange in-principle nods.
ஏன் இது முக்கியம்The capital infusion bolsters the NBFC's net worth (₹173 crore base) by over 35%, providing essential growth capital to expand its MSME and gold loan books.
Total warrants allotted: 25,00,000Issue price per warrant: ₹ 247/-Total consideration: ₹ 61,75,00,000/-Upfront consideration (25%): ₹ 15,43,75,000/-Issue size vs Market Cap: ~12.8%Issue size vs Net Worth: ~35.7%
📅 குறுகிய காலம்Positive sentiment from promoter capital commitment at ₹247 per share, which is a premium to the current market price of ₹211.5.
📈 நீண்ட காலம்Provides long-term Tier-1 equity capital strengthening the balance sheet and supporting the targeted 25-30% growth rate in loan assets.
⚠ அபாய எச்சரிக்கைகள்
Dilution risk upon conversion of warrants into equity shares
Execution risk in deploying funds efficiently while managing rising finance costs
👀 கவனிக்க வேண்டியவை
Track receipt of the remaining 75% subscription consideration over the 18-month tenure and monitor how proceeds are deployed to support AUM growth and regional expansion.
MANCREDIT AGM Approves Doubling Borrowing Limit to ₹1,500 Cr and ₹300 Cr Related-Party Loans
Mangal Credit and Fincorp has declared the voting results of its 64th AGM held on September 22, 2026, with all resolutions passing with requisite majority. Shareholders approved doubling the company's borrowing limit from ₹750 Crore to ₹1,500 Crore, as well as material related-party loan transactions of up to ₹250 Crore from Meghraj Sohanlal Jain and ₹50 Crore from Hardik Meghraj Jain. Additionally, the AGM approved the issuance of up to 25,00,000 convertible equity warrants on a preferential basis and a final dividend of ₹0.75 per equity share.
உச்சம் நம்பிக்கை
என்ன மாறியதுShareholders formally approved doubling borrowing capacity to ₹1,500 Crore, ₹300 Crore of promoter loan facilities, and a preferential warrant issue.
ஏன் இது முக்கியம்The expanded borrowing limit and promoter loan facilities provide significant headroom to fund the company's MSME lending book expansion beyond its current AUM.
Approved borrowing limit: Rs. 1,500 CroreRelated-party loan facility (Meghraj Jain): Rs. 250,00,00,000Related-party loan facility (Hardik Jain): Rs. 50,00,00,000Convertible equity warrants: up to 25,00,000Final dividend per share: Rs. 0.75
📅 குறுகிய காலம்Routine corporate governance completion following the AGM; dividend payout will proceed according to standard settlement timelines.
📈 நீண்ட காலம்Doubling debt limits to ₹1,500 Crore sets the regulatory foundation for long-term balance sheet expansion and target loan book growth.
⚠ அபாய எச்சரிக்கைகள்
Significant reliance on material related-party promoter loan facilities totaling ₹300 Crore
Potential equity dilution from conversion of up to 25,00,000 warrants
👀 கவனிக்க வேண்டியவை
Track the pricing and allotment terms of the 25 lakh convertible warrants, as well as the execution pace of debt mobilization towards AUM expansion in upcoming quarterly results.
Mangal Credit and Fincorp concluded its 64th AGM, placing major capital and borrowing resolutions before shareholders. The company proposed doubling its borrowing limit from ₹750 Crore to ₹1,500 Crore, as well as approving material related-party loan transactions of up to ₹250 Crore from Meghraj Sohanlal Jain and ₹50 Crore from Hardik Meghraj Jain for FY27. Additionally, the AGM considered a final dividend of ₹0.75 per share, an increase in authorized share capital to ₹30 Crore, and the issuance of up to 25,00,000 convertible equity warrants on a preferential basis.
உச்சம் நம்பிக்கை
என்ன மாறியதுConducted 64th AGM and tabled key resolutions including doubling borrowing limits, related-party borrowing facilities, and warrant issuance.
ஏன் இது முக்கியம்The ₹1,500 Crore borrowing ceiling and promoter loan lines create head-room to scale the loan book (AUM was ₹269.3 Cr in Dec 2024), but substantially increase potential leverage and related-party dependence.
📅 குறுகிய காலம்Scrutinizer's report and formal voting results will be released within 2 working days; trading impact is expected to remain neutral.
📈 நீண்ட காலம்Doubling the borrowing capacity provides the necessary headroom to support the management's targeted 25-30% growth rate and expand MSME and gold loan books.
⚠ அபாய எச்சரிக்கைகள்
Large related-party transactions (loans totaling ₹300 Crore from promoters)
Potential equity dilution from 25,00,000 convertible warrants
👀 கவனிக்க வேண்டியவை
Track the upcoming voting results filing within two working days to confirm the passage of the special resolutions, and monitor warrant pricing and subsequent debt mobilization.
MANCREDIT Allots ₹35 Cr Secured NCDs at 11.50% Coupon via Private Placement
Mangal Credit and Fincorp Limited has allotted 3,500 senior, secured, rated, listed Non-Convertible Debentures (NCDs) aggregating to ₹35.00 crore on a private placement basis. The NCDs carry a face value of ₹1,00,000 each and offer an interest rate of 11.50% p.a. payable monthly. The instrument has a 23-month tenure, maturing on August 9, 2028, and is backed by a 1.05x asset cover on identified receivables. Relative to its financials, this ₹35 crore fundraise represents ~31.3% of TTM revenue (₹112 crore) and ~20.2% of net worth (₹173 crore).
உச்சம் நம்பிக்கை
என்ன மாறியதுThe company has finalized the allotment of ₹35 crore worth of secured NCDs following board approval on August 14, 2026.
ஏன் இது முக்கியம்Provides required liquidity to expand the loan book (AUM was ₹269.3 Cr in Dec 2024), but adds high-cost debt given the 11.50% coupon.
வெளியீட்டு அளவு: ₹35,00,00,000Coupon rate: ஆண்டுக்கு 11.50%Tenure: 23 மாதங்கள்Maturity date: ஆகஸ்ட் 9, 2028Fundraise vs TTM Revenue: ~31.3%Fundraise vs Net Worth: ~20.2%
📅 குறுகிய காலம்Routine borrowing completion; ensures immediate lending liquidity without equity dilution.
📈 நீண்ட காலம்The company's finance costs are already high, so sustained profitability hinges on deploying these 11.50% funds at spread-accretive lending yields without rising NPAs.
⚠ அபாய எச்சரிக்கைகள்
High borrowing cost of 11.50% p.a. adds pressure to finance costs
Asset cover obligation of 1.05x on underlying receivables
👀 கவனிக்க வேண்டியவை
Track the deployment of funds into higher-yielding MSME or Gold loan assets to see if net interest margins remain protected against the 11.50% borrowing cost.
📊 கடந்த 7 நாட்கள் — உணர்வு அடிப்படையில் பகுப்பாய்வு செய்யப்பட்ட அறிவிப்புகள்
Mangal Credit and Fincorp Limited (MANCREDIT) has approved a new fundraise of ₹35 crore through the private placement of 3,500 secured Non-Convertible Debentures (NCDs). This replaces a smaller ₹20 crore NCD proposal approved just eight days prior on August 6, 2026, which has now been withdrawn with no liabilities incurred. The new debt carries a coupon of 11.50% p.a. and a 23-month tenor, aimed at boosting the company's lending liquidity. This fundraise is significant, representing approximately 20% of the company's current net worth.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe company has upsized its planned debt fundraise from ₹20 crore to ₹35 crore within a week, signaling a higher requirement for lending capital.
ஏன் இது முக்கியம்For a small-cap NBFC with a net worth of ₹173 crore and AUM of ₹269.3 crore, a ₹35 crore fundraise provides a material boost (~13% of AUM) to its lending capacity in the MSME and gold loan segments.
New Issue Size: ₹35 கோடிIssue vs Net Worth: ~20.2%Issue vs TTM Revenue: ~31.2%Coupon Rate: ஆண்டுக்கு 11.50%Tenor: 23 MonthsSecurity Cover: 1.05x
📅 குறுகிய காலம்The announcement is likely to be viewed positively as it secures growth capital, though the high coupon rate reflects the cost of funds for smaller NBFCs.
📈 நீண்ட காலம்If successfully deployed into the targeted 25-30% growth in MSME loans, this capital could drive significant interest income growth over the next two years.
⚠ அபாய எச்சரிக்கைகள்
High cost of borrowing (11.5%)
Dependency on maintaining asset quality in MSME loans to cover debt obligations
Sudden withdrawal and replacement of the previous fundraise proposal
👀 கவனிக்க வேண்டியவை
Investors should monitor the successful allotment of these NCDs in September and track the company's ability to deploy this capital into higher-yielding MSME loans to maintain margins above the 11.5% borrowing cost.
MANCREDIT to raise ₹20 Cr via NCDs; proposes doubling borrowing limit to ₹1,500 Cr
Mangal Credit and Fincorp has approved a fresh fundraise of ₹20 Cr through secured Non-Convertible Debentures (NCDs) at an 11.75% coupon rate to support onward lending. Significantly, the board proposed doubling the company's borrowing limits from ₹750 Cr to ₹1,500 Cr, indicating a massive planned expansion of its loan book relative to its current ₹578 Cr market cap. The company also set September 14, 2026, as the record date for its final dividend and proposed increasing its authorized share capital to ₹30 Cr.
உச்சம் நம்பிக்கை
என்ன மாறியதுThe company has initiated a fresh ₹20 Cr debt raise and is seeking a mandate to significantly increase its leverage capacity to ₹1,500 Cr.
ஏன் இது முக்கியம்The massive increase in borrowing limits suggests the management is preparing for a multi-fold expansion in AUM, specifically targeting MSME and Gold loans, which could structurally change the company's scale if executed well.
New NCD Issue Size: ₹20 கோடிProposed Borrowing Limit: ₹1,500 கோடிNCD Coupon Rate: ஆண்டுக்கு 11.75%NCD vs TTM Revenue: 17.85%Dividend Record Date: செப்டம்பர் 14, 2026Security Cover: 1.20x
📅 குறுகிய காலம்The stock may see positive momentum due to the growth signaling from the borrowing limit increase and the upcoming dividend record date.
📈 நீண்ட காலம்If the company utilizes its expanded borrowing capacity to scale its AUM toward ₹1,500 Cr while maintaining asset quality, it could lead to a significant re-rating of the business.
⚠ அபாய எச்சரிக்கைகள்
High cost of debt (11.75%)
Potential for high leverage if borrowing limits are fully utilized
👀 கவனிக்க வேண்டியவை
Watch for shareholder approval of the expanded borrowing limits at the AGM on September 22, 2026, and monitor how the 11.75% cost of debt affects Net Interest Margins (NIMs) as the loan book scales.
Mangal Credit and Fincorp Allots 2,000 NCDs Worth ₹20 Crore at 11.75% Coupon
Mangal Credit and Fincorp Limited has successfully allotted 2,000 secured, rated, and listed Non-Convertible Debentures (NCDs) on a private placement basis. The issuance raised a total of ₹20 crore, with each NCD having a face value of ₹1,00,000, issued at a discount of ₹2,000 per unit. These debentures carry a high coupon rate of 11.75% per annum, with interest payable on a monthly basis. The NCDs have a tenor of 27 months and are scheduled to mature on September 23, 2028.
முக்கிய அம்சங்கள்
Allotment of 2,000 secured, rated, and listed NCDs aggregating to ₹20 croreHigh coupon rate of 11.75% per annum with monthly interest payment scheduleNCDs issued at a discount price of ₹98,000 against a face value of ₹1,00,000Tenor of 27 months with a final maturity date of September 23, 2028Secured by a 1.20x asset cover on identified receivables
👀 கவனிக்க வேண்டியவை
Investors should monitor the company's net interest margins as it manages a relatively high cost of debt at 11.75%. The successful fundraise is a positive sign of liquidity for the NBFC's lending operations.
Mangal Credit to Raise Funds via 25 Lakh Warrants; Recommends ₹0.75 Dividend
Mangal Credit and Fincorp Limited has approved a significant fundraise through the issuance of 25,00,000 fully convertible equity warrants on a preferential basis to promoters and non-promoters. Upon full conversion, the promoter group's holding is expected to increase from 55.25% to 59.99%, indicating strong internal confidence. The board also recommended a final dividend of ₹0.75 per share for FY26 and confirmed the appointment of new internal auditors. Additionally, the company reported the successful utilization of ₹30 crore previously raised through Non-Convertible Debentures.
முக்கிய அம்சங்கள்
Approved issuance of up to 25,00,000 fully convertible unlisted equity warrants on a preferential basis.Promoter stake expected to increase to 59.99% from 55.25% post-conversion of warrants.Recommended a final dividend of ₹0.75 (7.5%) per equity share of ₹10 face value for FY26.Confirmed utilization of ₹30 crore raised through the issuance of 3,000 Non-Convertible Debentures.Appointed M/s Anand R. Chandak & Company as Internal Auditors for the financial year 2026-27.
👀 கவனிக்க வேண்டியவை
Investors should take note of the increased promoter stake as a sign of management's confidence in the company's growth. Monitor the upcoming AGM for dividend approval and the final pricing of the warrants as per SEBI regulations.
Mangal Credit to Consider Fundraise via Preferential Issue on May 28, 2026
Mangal Credit and Fincorp Limited has issued an addendum to its upcoming Board Meeting scheduled for May 28, 2026. In addition to reviewing audited FY26 financial results and recommending a final dividend, the board will now evaluate a proposal for fund raising. This capital infusion is proposed through the issuance of equity shares or convertible warrants on a preferential basis. The move suggests the company is looking to strengthen its capital base for future growth or operational requirements.
முக்கிய அம்சங்கள்
Board meeting scheduled for May 28, 2026, to consider multiple corporate actions.New agenda item added for fund raising via equity shares or convertible warrants on a preferential basis.Board to approve Audited Financial Results for the quarter and year ended March 31, 2026.Recommendation of a final dividend for FY 2025-26 will be considered during the same meeting.Preferential issuance remains subject to shareholder approval at a General Meeting.
👀 கவனிக்க வேண்டியவை
Investors should watch for the specific quantum and pricing of the fundraise on May 28, as well as the dividend payout ratio. Positive financial results combined with a growth-oriented fundraise could provide a bullish catalyst for the stock.
Mangal Credit to Consider Q4 FY26 Results and Final Dividend on May 28, 2026
Mangal Credit and Fincorp Limited has scheduled a Board Meeting on May 28, 2026, to approve its audited financial results for the quarter and full year ended March 31, 2026. A key agenda item is the recommendation of a final dividend for the financial year 2025-26, which could provide immediate yield to shareholders. The company's trading window has been closed since April 1, 2026, and will reopen 48 hours after the results are declared. This meeting will be pivotal in assessing the company's annual growth trajectory and capital allocation strategy.
முக்கிய அம்சங்கள்
Board meeting scheduled for May 28, 2026, to approve audited FY26 financial resultsRecommendation of final dividend for the equity shares for FY 2025-26 under considerationTrading window for designated persons remains closed from April 1, 2026, until 48 hours post-announcementResults will encompass both the Q4 performance and the full financial year ending March 31, 2026
👀 கவனிக்க வேண்டியவை
Investors should monitor the May 28 announcement for the dividend payout ratio and year-on-year profit growth. Current shareholders should hold for the potential dividend benefit, while prospective buyers should evaluate the full-year audited numbers before entering.
Mangal Credit and Fincorp Limited has successfully allotted 1,000 secured, rated, and listed Non-Convertible Debentures (NCDs) on a private placement basis. The company raised a total of ₹10 crore with each debenture having a face value of ₹1,00,000. These instruments carry a coupon rate of 11.75% per annum with a monthly interest payout schedule. The NCDs have a tenure of 21 months, maturing on February 20, 2028, and are secured by a 1.20x asset cover.
முக்கிய அம்சங்கள்
Total fundraise of ₹10 crore through the allotment of 1,000 NCDsHigh coupon rate of 11.75% p.a. with monthly interest paymentsShort-term tenure of 21 months with maturity scheduled for February 20, 2028Secured by a first-ranking charge on receivables with 120% asset coverNCDs to be listed on the BSE Limited for secondary market liquidity
👀 கவனிக்க வேண்டியவை
Investors should monitor the company's net interest margins as the cost of debt is relatively high at 11.75%. The successful fundraise indicates healthy credit access for the NBFC to fuel its lending book.
Mangal Credit to Raise ₹30 Crore via Private Placement of NCDs at 11.75% Coupon
Mangal Credit and Fincorp Limited's board has approved raising ₹30 crore through the private placement of secured, rated, and listed Non-Convertible Debentures (NCDs). The fundraise is split into two tranches: ₹10 crore with a 21-month tenure and ₹20 crore with a tenure of approximately 27 months. Both tranches carry a high coupon rate of 11.75% per annum, with interest paid monthly. The debt is secured by a 1.20x cover on company receivables, and the proceeds will likely support the company's lending operations and liquidity.
முக்கிய அம்சங்கள்
Total fundraise of ₹30 crore approved via two separate NCD tranches of ₹10 crore and ₹20 croreHigh coupon rate of 11.75% p.a. offered on both tranches with monthly interest payment schedulesTranche 1 (₹10 Cr) features a staggered repayment with 50% principal due at 12 months and the rest at 21 monthsTranche 2 (₹20 Cr) matures in September 2028 with a bullet repayment structure at the end of the termIssuance is secured by a 1.20x security cover on identified receivables to protect debenture holders
👀 கவனிக்க வேண்டியவை
Investors should monitor the company's ability to deploy these funds at higher yields to maintain healthy net interest margins given the 11.75% cost of debt. The successful fundraise is a positive indicator of the company's ability to access capital markets for growth.
Mangal Credit and Fincorp Secures IRDAI Corporate Agent License for 3 Years
Mangal Credit and Fincorp Limited has been granted a Corporate Agent (Composite) license by the IRDAI, effective April 24, 2026. This license permits the company to solicit and procure insurance business, allowing it to offer insurance products to its existing customer base. The registration is valid for a three-year period until April 23, 2029. This regulatory approval is a strategic move to diversify revenue streams through fee-based income alongside its core lending activities.
முக்கிய அம்சங்கள்
Received IRDAI Corporate Agent (Composite) license on April 24, 2026License validity period spans 3 years, expiring on April 23, 2029Authorized to solicit and procure insurance business across composite categoriesStrategic expansion into fee-based income to complement existing financial services
👀 கவனிக்க வேண்டியவை
Investors should track the growth in fee-based income in upcoming quarters to gauge the success of this insurance distribution vertical. The ability to cross-sell to the existing loan book could provide a high-margin revenue boost.
Mangal Credit and Fincorp Limited has successfully allotted 3,000 secured, rated, and listed Non-Convertible Debentures (NCDs) on a private placement basis to raise ₹30 crore. The NCDs, which have a face value of ₹1,00,000, were issued at a discounted price of ₹98,000 per unit. These instruments carry a high coupon rate of 11.75% per annum with monthly interest payouts and a tenure of 30 months. This fundraise will likely bolster the company's liquidity and support its lending operations.
முக்கிய அம்சங்கள்
Allotment of 3,000 senior, secured, listed NCDs aggregating to a total value of ₹30 croreCoupon rate set at 11.75% per annum with interest payable on a monthly basisInstruments issued at a discount of ₹2,000 per debenture on a face value of ₹1,00,000Tenure of 30 months with the final maturity date scheduled for September 23, 2028Secured by a first ranking exclusive charge on identified receivables with 1.20x asset cover
👀 கவனிக்க வேண்டியவை
Investors should monitor the company's ability to maintain healthy net interest margins (NIMs) given the relatively high 11.75% cost of debt. The successful placement indicates decent credit appetite for the company's debt paper, which is a positive sign for its growth capital requirements.
Mangal Credit to Raise ₹30 Crore via Private Placement of NCDs at 11.75% Coupon
Mangal Credit and Fincorp Limited's Board has approved raising ₹30 crore through the issuance of secured, listed, and rated Non-Convertible Debentures (NCDs). The NCDs carry a coupon rate of 11.75% per annum with interest payable monthly and a bullet principal repayment after 30 months. The issue is structured as a private placement with a face value of ₹1 lakh per unit. This capital infusion is likely intended to support the company's lending operations and liquidity management.
முக்கிய அம்சங்கள்
Board approved raising up to ₹30 crore through 3,000 Non-Convertible Debentures (NCDs)The NCDs offer a coupon rate of 11.75% per annum with monthly interest paymentsThe instrument has a tenure of 30 months with a maturity date set for September 18, 2028Secured by a first-ranking charge on receivables with a minimum security cover of 1.20xDeemed date of allotment is scheduled for March 18, 2026, with listing on BSE Limited
👀 கவனிக்க வேண்டியவை
Investors should monitor the company's ability to deploy this capital into high-yield assets to maintain healthy net interest margins given the 11.75% cost of debt. This fundraise is a positive sign of credit access for the NBFC to fuel its growth trajectory.
Mangal Credit Q3 FY26 Net Profit Rises 10% YoY to ₹3.83 Crore; Revenue Up 44%
Mangal Credit and Fincorp reported a strong 44.3% YoY growth in total revenue from operations, reaching ₹18.31 Crore for the quarter ended December 31, 2025. Net profit for the quarter increased by 10.2% YoY to ₹3.83 Crore, supported by higher interest income. However, the nine-month profit showed a slight decline to ₹9.83 Crore compared to ₹10.45 Crore in the previous year, primarily due to a significant jump in finance costs. The company also successfully raised ₹10 Crore through NCDs during the quarter to support its lending operations.
முக்கிய அம்சங்கள்
Total Revenue from Operations grew 44.3% YoY to ₹1,830.88 Lakhs in Q3 FY26.Net Profit for the quarter stood at ₹383.43 Lakhs, up from ₹347.87 Lakhs in the same period last year.Finance costs surged to ₹655.26 Lakhs in Q3 FY26 compared to ₹475.60 Lakhs in Q3 FY25.The company raised ₹10 Crore via NCDs, bringing total outstanding NCDs to ₹50 Crore.Basic EPS for the quarter improved slightly to ₹1.82 from ₹1.78 YoY.
👀 கவனிக்க வேண்டியவை
Investors should monitor the rising finance costs which are impacting margins despite strong top-line growth. The successful debt fundraise indicates liquidity for expansion, but the slight dip in 9-month cumulative profit warrants a cautious watch on operational efficiency.
CRISIL Assigns and Reaffirms 'BBB/Stable' Rating for Mangal Credit's Rs 500 Cr Facilities
CRISIL has assigned a 'BBB/Stable' rating to Mangal Credit and Fincorp's new Rs 50 crore NCDs and reaffirmed the same for its Rs 400 crore bank facilities. The company's Assets Under Management (AUM) grew to Rs 342.6 crore as of September 2025, supported by a comfortable networth of Rs 158 crore and a gearing of 1.7x. While profitability remains healthy with a PAT of Rs 6 crore for H1 FY26, the company faces geographical concentration with 89% of its portfolio in Maharashtra. Asset quality has shown improvement, with 90+ dpd declining to 1.3% from 2.6% in March 2024.
முக்கிய அம்சங்கள்
CRISIL assigned 'BBB/Stable' rating to new Rs 50 Cr NCDs and reaffirmed ratings for Rs 450 Cr existing facilities.AUM increased to Rs 342.6 Cr as of Sept 30, 2025, compared to Rs 294.6 Cr in March 2025.Asset quality improved significantly with 90+ dpd at 1.3% in Sept 2025 versus 2.6% in March 2024.Capital position is comfortable with a networth of Rs 158 Cr and a conservative gearing of 1.7 times.Profit After Tax (PAT) for H1 FY26 stood at Rs 6.0 Cr with an annualized Return on Assets (RoA) of 3.0%.
👀 கவனிக்க வேண்டியவை
Investors should view the rating reaffirmation as a sign of financial stability, but should monitor the company's progress in diversifying its loan book geographically. The improved asset quality and low gearing provide a good cushion for future growth in the NBFC segment.
Mangal Credit Receives CRISIL BBB/Stable Rating; Bank Loan Limit Doubled to ₹400 Crore
CRISIL Ratings has reaffirmed its 'CRISIL BBB/Stable' rating for Mangal Credit and Fincorp Limited's debt instruments. Significantly, the rated amount for bank loan facilities has been enhanced from ₹200 crore to ₹400 crore, doubling the company's rated borrowing capacity. The rating for ₹50 crore in Non-Convertible Debentures (NCDs) was also reaffirmed. This move indicates a stable credit profile and provides the NBFC with more room to raise capital for its lending operations.
முக்கிய அம்சங்கள்
CRISIL reaffirmed 'CRISIL BBB/Stable' rating for both Bank Loan Facilities and NCDs.Total rated Bank Loan Facilities increased from ₹200 Crore to ₹400 Crore.Non-Convertible Debentures (NCDs) rating reaffirmed for a total of ₹50 Crore.The 'Stable' outlook indicates expected maintenance of the credit profile over the medium term.
👀 கவனிக்க வேண்டியவை
The enhancement in the rated bank loan limit is a positive sign for growth-oriented investors as it facilitates business expansion. Monitor the company's ability to maintain asset quality as it scales its loan book using this increased credit headroom.
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