My Mudra Fin.Q3 FY24Finance

My Mudra Fin.

Q3 FY24 Earnings Call Analysis

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 2

→Franchisee network rapidly expanding with more than 154 branches added every day; 60 are core branches generating good volume and profitability.
→Focus on acquiring experienced bankers and financial professionals to nurture under low-margin but scalable ecosystem, expecting higher profitability within 2-3 years.
→Launch of gold loan business expected to grow revenue further.
→Credit card and insurance businesses growing, with credit cards projected to constitute 20-25% of total volume via bundled product offerings.
→Mutual fund distribution introduced to diversify product portfolio and cross-sell to existing customers, aiding revenue growth.
→Expansion into solar rooftop financing and MSME sectors planned, opening new revenue streams.
→Emphasis on phygital (physical + digital) presence targeting underserved and emerging markets for sustainable scalable growth.
→Listing on NSE Emerge enhances credibility and capital access to support future expansion and operational scaling.

Margin guidance

Category 3

→Profitability expected to gradually grow with expansion into lower commission/rental markets like Muzaffarnagar versus Patna.
→Franchisee network rapidly expanding, adding branches daily across various states, expected to enhance revenue and profits.
→Within 2-3 years, profitability anticipated to increase significantly through acquiring and training experienced financial sector professionals operating on low margins.
→New product lines such as gold loans and credit cards, with bundled offerings, expected to contribute to revenue growth (credit cards projected to grow 20-25% of total volume).
→Mutual fund distribution initiated, likely to diversify revenue streams with potential for cross-selling.
→H1 FY25 showed 5% YoY revenue growth, 50% YoY EBITDA growth with 14.4% margin, and 38% PAT growth with 8.5% margin, indicating strong operational improvement.
→Investment in digital infrastructure and expansion in tier-2/3 markets expected to drive sustainable growth.

Get access to all 5 sections — revenue, margin, fundraise, orderbook, and capex — for My Mudra Fin. and 1,400+ other companies.

Fundraise plans

→The company recently completed an IPO, raising ₹33.2 crore.
→The funds from the IPO are being utilized for repayment, enhancing digital infrastructure, and supporting working capital needs.
→There is no explicit mention of any current or future plans for additional fundraising through debt or equity in the provided transcript.

Order book

The provided transcript does not explicitly mention the current or expected order book or pending orders for My Mudra Fincorp Limited. However, the following related points are noted: - The company has a monthly disbursement run rate of approximately Rs. 200 crores. - They have over 154 branches growing daily, including 9 owned and 60 high-volume "My Mudra" branches. - They are expanding product lines (credit cards, insurance, gold loans, mutual funds). - New branch openings in multiple states planned (e.g., Basti, Himachal, Bihar, Delhi). - Collaborations such as with UGRO Financial for green financing indicate pipeline growth. - The company aims to nurture and acquire experienced bankers and develop a profitable ecosystem over 2-3 years. No direct numeric order book or pending order figures were disclosed in the transcript.

Capex plans

Yes

→Recently raised Rs. 33.2 crores through IPO to fund repayment, enhance digital infrastructure, and support working capital needs.
→Investing in digital and technology infrastructure to improve operational efficiency and customer experience.
→Expanding network by adding more sub-DSA brokers to scale operations and enhance customer reach.
→Launched gold loans and mutual fund distribution as part of product diversification.
→Partnered exclusively with UGRO Financial to provide green financing solutions, including solar rooftop projects for MSMEs.
→Exploring growth in solar energy financing with loans up to Rs. 300 lakhs and long tenors up to 90 months.
→Continuously opening new branches across various states to strengthen physical presence.

How does My Mudra Fin. rank vs peers in Finance?

Pro feature

1My Mudra Fin.

Rev 2Mar 3

See full Finance sector rankings

Unlock with Pro

Want more stocks like My Mudra Fin.?

Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.

Build my portfolio