ALPHA TRIBE

Mangal Credit and Fincorp LimitedImportant, 05-08-2025: General Updates

05-08-2025 | 06:40 pm

Mangal Credit & Fincorp's Board approved financial results for Q1. Revenue from operations stood at ₹14.47 Cr, with a net profit of ₹3.00 Cr. The company's Net Profit Margin is 20.73%, with GNPA at 1.40% and NNPA at 0.76%, showing a strong asset quality. The Debt-Equity Ratio is 1.51. The company recently issued secured Non-Convertible Debentures (NCDs) worth ₹25 Cr. These funds are fully utilized for onward lending and general corporate purposes. The Board also approved the re-appointment of an Independent Director and a Secretarial Auditor, both subject to shareholder approval. The 63rd Annual General Meeting is scheduled for September 25.

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