My Mudra Fincorp FY26 net profit rises 33% to ₹1,200.33 lakh
My Mudra Fincorp Limited reported a 33.2% rise in net profit to ₹1,200.33 lakh for FY26, with revenue increasing 46% to ₹11,734.18 lakh. The Board approved the audited results, re-appointed auditors, and confirmed full utilization of IPO proceeds without deviation.
*this image is generated using AI for illustrative purposes only.
My Mudra Fincorp Limited reported a 33.2% rise in net profit to ₹1,200.33 lakh for the financial year ended March 31, 2026, compared to ₹901.02 lakh in the previous year, driven by a significant increase in revenue from operations. Revenue from operations for FY26 stood at ₹11,734.18 lakh, a 46% increase from ₹8,036.52 lakh in FY25. The Board of Directors approved the annual audited financial results on May 28, 2026.
The company's total expenditure for the year increased to ₹10,173.02 lakh from ₹6,855.71 lakh in the prior year. Profit before tax for FY26 was reported at ₹1,606.36 lakh, up from ₹1,211.34 lakh in FY25. Earnings per share (EPS) on a basic and diluted basis improved to ₹10.54 from ₹9.96 in the corresponding previous period.
Financial Performance
The standalone financial results indicate strong growth across key operational metrics. For the half year ended March 31, 2026, the company reported a profit of ₹662.89 lakh, compared to ₹614.21 lakh in the same period of the previous year. Revenue for this half-year period was ₹5,889.44 lakh.
| Particulars | Year ended Mar 31, 2026 (₹ in Lakhs) | Year ended Mar 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 11,734.18 | 8,036.52 |
| Total Income | 11,779.39 | 8,067.05 |
| Total Expenditure | 10,173.02 | 6,855.71 |
| Profit Before Tax | 1,606.36 | 1,211.34 |
| Net Profit | 1,200.33 | 901.02 |
Corporate Governance and Appointments
The Board re-appointed M/s Hitesh Goyal & Associates as Secretarial Auditor and M/s Awadhesh Kumar & Associates as Internal Auditor for the financial year 2026-27. In a key management change, Ms. Piyushi Jindal resigned from the position of Company Secretary and Compliance Officer effective May 31, 2026. Ms. Isha (Membership No.: A59254) was appointed as the new Company Secretary and Compliance Officer effective June 01, 2026.
Fund Utilization and Auditor's Report
M/s Sangita Gupta & Associates, Statutory Auditors, issued an unmodified opinion on the annual audited financial results. The company confirmed there was no deviation or variation in the utilization of funds raised through its Initial Public Offer amounting to ₹3,326.40 lakh. The proceeds were fully utilized towards repayment of borrowings, technology development, working capital, and general corporate purposes.
Historical Stock Returns for My Mudra Fincorp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.07% | +7.18% | -0.19% | +0.31% | +6.82% | -35.34% |
Can the company sustain the 46% revenue growth rate in FY27 given the rising expenditure?
What strategic initiatives will drive technology development now that IPO funds are fully utilized?
How will the recent change in compliance officer leadership impact the company's governance framework?
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