My Mudra Fincorp September-half net profit rises 12.5% YoY

My Mudra Fincorp Limited reported net profit of Rs 6.05 crore for the half year ended September 30, 2026, up 12.5% from Rs 5.37 crore a year earlier, as revenue from operations increased 10.2% to Rs 64.42 crore. Total income rose faster than total expenditure, lifting profit before tax to Rs 8.03 crore.

What did My Mudra Fincorp report for the September half?

My Mudra Fincorp reported total income of Rs 64.68 crore and profit before tax of Rs 8.03 crore for the half year ended September 30, 2026. Net profit was Rs 6.05 crore, compared with Rs 5.37 crore in the half year ended September 30, 2025, while net current tax expense increased to Rs 1.99 crore from Rs 1.68 crore.

Revenue from operations was Rs 64.42 crore in the September 2026 half, against Rs 58.44 crore a year earlier, and other income increased to Rs 25.59 lakh from Rs 21.17 lakh. Basic and diluted earnings per equity share were both Rs 5.31, compared with Rs 4.72 in the September 2025 half.

The unaudited standalone results were reviewed by the audit committee and approved by the board on November 12, 2026. The statutory auditor issued a limited review report stating that nothing had come to its attention to suggest the results did not make the disclosures required under Regulation 33 of the Securities and Exchange Board of India listing regulations.

How did My Mudra Fincorp's revenue and profit change?

My Mudra Fincorp increased revenue from operations by Rs 5.98 crore year on year, while net profit rose by Rs 68.34 lakh. Total income increased by Rs 6.02 crore to Rs 64.68 crore, and profit before tax increased by Rs 98.19 lakh from Rs 7.05 crore.

Against the immediately preceding half year ended March 31, 2026, revenue from operations rose from Rs 58.89 crore to Rs 64.42 crore. However, profit before tax declined from Rs 9.01 crore and net profit declined from Rs 6.63 crore; the March 2026 half-year figures are labelled audited in the financial statement.

Which costs changed for My Mudra Fincorp during the half year?

My Mudra Fincorp's total expenditure rose to Rs 56.65 crore in the September 2026 half from Rs 51.61 crore a year earlier, an increase of Rs 5.04 crore. Other expenses remained the largest cost line at Rs 49.09 crore, up from Rs 46.16 crore, and represented more than half of the total increase in expenditure.

Employee benefit expenses increased to Rs 5.68 crore from Rs 3.98 crore, a rise of Rs 1.70 crore. Finance cost increased to Rs 1.06 crore from Rs 70.88 lakh, while depreciation and amortisation expense increased to Rs 81.48 lakh from Rs 75.86 lakh.

Total expenditure grew 9.8%, below the 10.3% increase in total income, resulting in the year-on-year increase in profit before tax. The filing identifies My Mudra Fincorp as a single reportable business segment under Accounting Standard 17, so it provides no separate revenue, expense or profit information by product, customer category or operating division.

What changed in My Mudra Fincorp's balance sheet?

My Mudra Fincorp's total assets stood at Rs 92.96 crore on September 30, 2026, compared with Rs 83.57 crore on March 31, 2026. Current assets increased to Rs 65.44 crore from Rs 57.41 crore, including Rs 29.24 crore of short-term loans and advances and Rs 23.86 crore of trade receivables.

Trade receivables increased by Rs 2.95 crore from Rs 20.91 crore at March 31, while short-term loans and advances rose by Rs 7.76 crore from Rs 21.48 crore. Cash and cash equivalents fell to Rs 12.27 crore from Rs 14.87 crore over the six-month period.

Short-term borrowings rose to Rs 14.43 crore at September 30 from Rs 8.32 crore at March 31, an increase of Rs 6.12 crore. Long-term borrowings were Rs 2.93 crore, compared with Rs 2.95 crore, while shareholders' funds increased to Rs 71.46 crore from Rs 65.42 crore as reserves and surplus increased to Rs 60.07 crore.

What does My Mudra Fincorp's cash flow statement show?

My Mudra Fincorp recorded net cash outflow from operating activities of Rs 5.61 crore for the half year ended September 30, 2026. This followed cash generated from operations of negative Rs 1.41 crore and income taxes paid of Rs 4.20 crore, despite operating profit before working-capital changes of Rs 9.80 crore.

The operating cash movement included Rs 7.76 crore used by the increase in short-term loans and advances and Rs 2.95 crore used by the increase in trade receivables. In the year ended March 31, 2026, the company reported operating cash inflow of Rs 2.06 crore, although that audited comparison covers a full year rather than a half year.

Investing activities used Rs 2.17 crore in the September 2026 half, including Rs 1.20 crore for fixed assets and capital work in progress and Rs 96.49 lakh for long-term loans and advances. Financing activities generated Rs 5.17 crore, as the Rs 6.12 crore increase in short-term borrowings exceeded Rs 92.65 lakh of interest paid and a Rs 2.03 lakh reduction in long-term borrowings.

Conclusion

The September 2026 half-year results show that My Mudra Fincorp increased revenue from operations by 10.2% and net profit by 12.5% year on year, even as employee benefit expenses, finance cost and other expenses rose. Revenue was also higher than in the immediately preceding March 2026 half, but profit before tax and net profit were lower than those preceding-half figures.

The next disclosed matter is a subsequent board meeting at which My Mudra Fincorp may reconsider unsecured inter-corporate deposits, conversion of existing and future loans into equity shares, and an increase in authorised share capital. The board also deferred consideration of convening an extraordinary general meeting to seek shareholder approvals for those proposals.