Mufin Green Finance Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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Mufin Green Finance Limited's board approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Standalone total revenue from operations grew to Rs 5,592.73 lakhs in Q3 FY26 from Rs 4,308.70 lakhs in Q3 FY25, an increase of about 30% year-on-year, while nine-month revenue rose to Rs 15,536.08 lakhs from Rs 12,081.77 lakhs. Standalone profit after tax for the quarter was Rs 700.83 lakhs (up from Rs 605.77 lakhs), and nine-month PAT was Rs 1,717.82 lakhs (up from Rs 1,636.93 lakhs), translating to an EPS of Rs 0.41 for the quarter. The company is an NBFC; debt-equity ratio rose to 3.24x (from 2.48x a year ago), capital adequacy stood at 26.56%, and gross/net NPA ratios were 2.24% and 1.91% respectively. The board also approved amending the Articles of Association regarding nominee director provisions and a postal ballot for shareholder approval. During the quarter, the company raised Rs 290 crore through five tranches of secured listed NCDs (interest rates 10.85% to 11.75%), with the proceeds intended for onward lending and largely already utilised. The statutory auditor (Gaur & Associates) issued an unmodified review report.
Strong top-line growth and stable profitability point to healthy business momentum, but a rising debt-equity ratio (3.24x) and the Rs 290 crore NCD raise in a single quarter indicate higher leverage; investors should track asset quality (NPA ratios) and whether the borrowed funds translate into sustained loan-book growth and margin improvement.