FII Invested NBFC Stock Posted Positive Q2 Results; Check Financials

On Thursday, Mufin Green Finance Ltd shares reached Rs 108.15, marking a drop from the previous close of Rs 111.65. The shares witnessed a high of Rs 113.25 and a low of Rs 105.50. Facing the previous tournament and comparatively high prices of the shares dating back to Rs 273.10 and the room of Rs 90.40 in the previous period, Mufin Green Finance has pulled through trading in the unstable environment. Over the medium of three years, there was a multibagger return of 1,700% over investment, a level between s Much more skillfully than the hit of the BSE sense index which was 28%. From commencement, this share unlike some of the dominant forces has risen by a staggering 5000% thus signifying its upward performance routine pattern higher level direction.

Mufin Green Finance Core Mission is committed to improving the widespread access of financing toward the disadvantaged sectors with a particular focus on electric vehicle (EV) owners. The company has a market value of Rs 1716 crore with steady earnings growth which is evidenced by an increase of 180% CAGR for 3 years to date.

In the period running the 2nd quarter FY 25 Mufin Green Finance during the review period restated net sales of Rs 46. 21 crore marking a 120% increase from earlier and a period commenced 12 months back. Compared to 12 months prior to Q2 FY 24 also net profit nearly rose by 41% reaching Rs 5. 67 crore.

For the first half of FY25, net sales increased by 116% to Rs 83.19 crore and net profit also increased by 35% to Rs 10.06 crore on a YoY basis comparing H1FY24 and H1FY25. The annual results also corroborated such an increasing trend with net sales growing by 184% to Rs 97.60 crore and net profit increasing by 100% to Rs 16.06 crore in Fiscal Year 2024 as compared to Fiscal Year 2023 respectively.

In Q4FY24 there was also an improvement in net sales and profits with net sales soaring %139 to Rs 32.21 crore while net profit increased by 52.3% and amounted to Rs 4.05 crore as compared to Q4FY23. For Q1 FY25, FIIs bought 6,27,068 shares which increased their interest in the stake by 0.493% which increased from 0.11% in March 2024.

Earlier, The record includes the last dividend of Rs. 0.2 per equity share on September 2, 2022, a stock split of 2:1 on 13 April 2023 and an issuance of bonus shares of 2:1 on July 2, 2023. These measures have increased the share outstanding which may affect the stock price and ratios.

Furthermore, Mufin Green Finance was able to raise Rs. 30 crores through 300 non-convertible debentures (NCD) to the value of 1 crore each which was issued to AAV Sarl and Masala Investment Sarl.

These secured and redeemable NCDs will have an 11.75% annual interest rate with the interest paid every six months with maturity between the years 2027 and 2031. The debentures are secured through the hypothecation of the company's book debts, which serve as a reliable source of funding for growth strategies in the years ahead.

With a well-established track record and commitment to sustainable finance, Mufin Green Finance remains one of the active players in the development of the green finance sector in the country. The firm's focus on EV financing coupled with a consistent expansion graph indicates its ability to promote financial inclusion as it caters to the ever-growing demand for greener investment capabilities.