Mangal Credit & Fincorp (BOM:505850) Tax Rate % : 25.46% (As of Sep. 2024)

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What is Mangal Credit & Fincorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mangal Credit & Fincorp's Tax Expense for the three months ended in Sep. 2024 was ₹11.0 Mil. Mangal Credit & Fincorp's Pre-Tax Income for the three months ended in Sep. 2024 was ₹43.3 Mil. Therefore, Mangal Credit & Fincorp's Tax Rate % for the quarter that ended in Sep. 2024 was 25.46%.

Mangal Credit & Fincorp Tax Rate % Historical Data

The historical data trend for Mangal Credit & Fincorp's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mangal Credit & Fincorp Tax Rate % Chart

Mangal Credit & Fincorp Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Tax Rate %

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20.63

30.21

29.96

26.58

26.38

Mangal Credit & Fincorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															26.35	26.84	26.01	29.58	25.46

Mangal Credit & Fincorp Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Mangal Credit & Fincorp's Tax Rate % for the fiscal year that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2024 )	/	Pre-Tax Income (A: Mar. 2024 )
	=	37.791	/	143.25
	=	26.38 %

Mangal Credit & Fincorp's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	11.014	/	43.257
	=	25.46 %

Mangal Credit & Fincorp Tax Rate % Related Terms

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Mangal Credit & Fincorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mangal Credit & Fincorp Ltd (BOM:505850) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

MANCREDIT:India

Address

Ram Mandir Road, Graham Firth Steel Compound, Office No-1701/1702, 17th Floor, A-Wing, Lotus Corporate Park, Western Express Highway, Goregaon (East), Mumbai, MH, IND, 400063

Website

https://www.mangalfincorp.com

Mangal Credit & Fincorp Ltd is a non-banking financial company. The company offers services, including loans and credit facilities, private educational funding, and trade-in money market underwriting stocks and shares. Its products include Gold loans, Personal loans, and SME(small and medium enterprises) loans. Geographically all the operations function through the regions of India. The company generates the majority of its revenue from Interest Income. The company also generates revenue from Fees and commission income.

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