The company delivered exceptional Q4 FY26 results with net profit surging 185% year-on-year to ₹11.1 crore from ₹3.9 crore in Q4 FY25, as reported by Trade Brains. Net profit also increased 57% sequentially from ₹7 crore in Q3 FY26. Revenue grew 59% year-on-year to ₹63.9 crore from ₹40.2 crore in Q4 FY25, with the company achieving operating leverage improvements that significantly outstripped revenue growth. Earnings per share (EPS) improved to ₹0.64 in Q4 FY26 against ₹0.40 in Q3 FY26 and ₹0.24 in Q4 FY25. Financing profit jumped nearly 150% year-on-year to ₹15 crore from ₹6 crore in Q4 FY25, with sequential growth of 50% from ₹10 crore in Q3 FY26. Profit before tax increased nearly 200% year-on-year to ₹15 crore from ₹5 crore in Q4 FY25, with sequential growth of 67% from ₹9 crore in Q3 FY26.
Shares of Mufin Green Finance Limited were trading higher on Friday morning, buoyed by the company's audited financial results for Q4 FY26 released on the previous trading day. According to reports from Trade Brains, at 11:59 AM, the stock was at ₹122 per share, up 0.30 per cent from its previous close of ₹121.90, with buy orders dominating at 70.41 per cent of total quantity traded. The stock touched an intraday high of ₹126 and a low of ₹69, with traded volume reaching 18.37 lakh shares worth ₹22.40 crore. The company's total market capitalisation stood at ₹2,126.42 crore with a stock P/E ratio of 74.9 and book value of ₹33.2 per share. The company reported ROCE of 10.7 percent and ROE of 6.69 percent for the quarter.
According to Trade Brains, the company's strong performance was driven by rising demand for electric vehicle financing and expanding green mobility adoption across India. The company's loan book grew 83.8 per cent to ₹1,541 crore with total disbursements for FY26 more than doubling to ₹1,767.59 crore. The New Delhi-based NBFC, which finances electric vehicles, solar equipment and health insurance premiums, primarily provides loans for electric two-wheelers, three-wheelers, commercial EVs, and allied clean-energy transportation segments. The company also received a credit rating upgrade from BBB+ to A– (Stable) by Acuite Ratings during the year, with asset quality improving significantly with gross NPA declining to 1.94 per cent from 2.48 per cent a year ago. In the last 90 days, Mufin Green Finance has secured various debt funding rounds from impact investors to expand its EV portfolio and has been focusing on digitizing its lending process to reduce turnaround times.
As per Trade Brains, India's EV financing and green mobility ecosystem is witnessing rapid expansion, supported by strong government initiatives and rising consumer adoption. India's electric vehicle market is expected to grow at a CAGR of over 28 per cent through 2030, while EV sales are projected to cross 1 crore units annually by the end of the decade. India's financial services sector is also expected to nearly double its profit pool by FY30, driven by retail lending, digital finance, and financial inclusion. Rising penetration of EV financing, government subsidies, and improving charging infrastructure are expected to accelerate growth for specialized lenders operating in the sustainable finance segment, positioning Mufin Green Finance well for continued expansion in the growing EV financing market. The company's 185% profit growth significantly exceeds the average 15-20% growth seen in traditional vehicle lenders, reflecting the high-growth nature of the specialized EV financing niche.
