Q4 Results: Mufin Green's net profit grows 52% YoY

EV financing firm Mufin Green Finance has announced that its net profit on a standalone basis grew by 52 per cent to Rs 4.05 crore in the fourth quarter of the financial year 2024. The profit grew on account of higher income. The net profit of the non-banking finance company (NBFC) was Rs 2.66 crore in the same quarter in the financial year 2023.

The company, in an exchange filing, said that its net sales were Rs 32.21 crore in March 2024. This was up 136.91 per cent from Rs 13.60 crore in the same quarter of last financial year.

Some Key Highlights of Q4FY2024

Quarterly Net Profit at Rs 4.05 crore in March 2024 up 52.62 per cent from Rs 2.66 crore in March 2023.

EBITDA stands at Rs 23.46 crore in March 2024 up 189.99 per cent from Rs 8.09 crore in March 2023.

Mufin Green EPS has decreased to Rs 0.26 in March 2024 from Rs 0.53 in March 2023.

Mufin Green shares closed at 117.35 on May 28, 2024 (NSE) and has given 5.77 per cent returns over the last 6 months.

Earlier, Mufin Green Finance informed exchanges that it has allotted non-convertible debentures of up to Rs 24.84 on a private placement to identified investors. The interest rate for these debentures is 10.90 per cent which is payable annually.

Kolkata-based Mufin Green Finance is a non-banking finance company focusing on financing clean energy and related projects.