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**Financial Highlights:** My Mudra Fincorp reported total income of Rs 337.5 Mn for H1FY25, a 5% increase YoY, with a significant 50% rise in EBITDA to Rs 48.8 Mn, resulting in an EBITDA margin of 14.4%. PAT also showed robust growth, rising 38% YoY to Rs 28.7 Mn, equating to a PAT margin of 8.5%. The firm maintains impressive return ratios, with ROE at 66.0% and ROCE at 46% for FY24.
**Strategic Initiatives and Growth Drivers:** The company is focusing on expanding its footprint with new branches, recently opening one in Basti and planning additional locations in Himachal Pradesh, Bihar, and Delhi. My Mudra is also diversifying its product offerings, including the introduction of gold loans and mutual fund distribution, while enhancing its digital infrastructure.
**Business Developments:** My Mudra has formed a strategic alliance with Ugrow to provide green financing, targeting solar projects and machinery upgrades. This aligns with the company's capital-efficient business model, leveraging existing partnerships for competitive financial solutions.
**Market Position and Competitive Advantage:** Positioned as a leading Corporate DSA in India, My Mudra has established relationships with over 90 banks and NBFCs, benefiting from low operating costs and high returns on capital.
**Investor Implications:** The solid financial performance and strategic growth initiatives suggest a positive outlook for investors, particularly with the company's ambitious expansion plans and ongoing product diversifications. Investors should monitor My Mudra's progress as it capitalizes on the growing demand for loans and financial services in India.