Mangal Credit Reports Strong Revenue Growth, Approves ₹10 Cr NCD Issuance, and Q2/H1 FY26 Results
Mangal Credit's board approved Q2 and H1 FY26 results with strong revenue growth but lower profits. It also approved a ₹10 crore NCD issuance and noted the conversion of warrants into equity shares.
The announcement includes significant financial results, revealing both strong revenue growth and a decline in profits, which are crucial for investor assessment. Additionally, the approval of new debt fundraising and the conversion of warrants represent material corporate actions affecting the company's capital structure and future growth prospects.
The company reported strong revenue growth for both the quarter and half-year, indicating business expansion. However, net profit and EPS declined during the same periods. The approval of new debt fundraising and successful warrant conversion are positive for future growth, but the higher finance costs and impairment expenses impacted current profitability, leading to a neutral outlook.
* The Board of Directors of Mangal Credit and Fincorp Limited met on November 13, 2025, to approve the unaudited financial results for the quarter and half year ended September 30, 2025. * Financial Highlights (Standalone, Q2 FY26 vs Q2 FY25): * Revenue from Operations increased to ₹1,581.88 lakh from ₹1,165.59 lakh. * Profit for the period decreased to ₹299.45 lakh from ₹322.43 lakh. * Basic EPS was ₹1.48, down from ₹1.65. * Financial Highlights (Standalone, H1 FY26 vs H1 FY25): * Revenue from Operations increased to ₹3,029.10 lakh from ₹2,352.76 lakh. * Profit for the period decreased to ₹599.39 lakh from ₹697.13 lakh. * Basic EPS was ₹3.01, down from ₹3.56. * The Board approved raising funds up to ₹10,00,00,000 (₹10 crore) through the issuance of up to 1,000 secured, listed, rated, redeemable Non-Convertible Debentures (NCDs) on a private placement basis. Each NCD will have a face value of ₹1,00,000. * The new NCDs will have a tenor of up to 1 year 10 months 8 days, with a deemed allotment date of November 25, 2025, and a maturity date of October 3, 2027. They will carry a coupon rate of 12.90% p.a., payable monthly, with principal repayments scheduled quarterly after 13 months from allotment. * The company confirmed the utilization of proceeds and no material deviation for previously issued 1,500 NCDs aggregating to ₹15 crore. * The Board also noted the allotment of 15,50,000 fully paid equity shares upon the conversion of an equal number of warrants, following the receipt of the balance consideration of ₹12,78,75,000 (₹12.78 crore). * The statutory auditors, M/s. Bhagwagar Dalal & Doshi, issued an unmodified limited review report on the unaudited financial results.
What to do with a filing like this
Mangal Credit and Fincorp Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Mangal Credit and Fincorp Limited. Read the original for the full detail.