Mufin Green FY26 PAT rises 39% to ₹28.21 Cr
Mufin Green Finance Limited reported a 39.1% increase in net profit to ₹28.21 crore for FY26, driven by an 83.8% growth in Assets Under Management to ₹1,541.17 crore. The board approved the results on May 21, 2026, and the company's credit rating was upgraded to A- (Stable) by Acuite Ratings. Total disbursements for the year reached ₹1,767.59 crore, while the capital adequacy ratio stood at 32.37%.
*this image is generated using AI for illustrative purposes only.
Mufin Green Finance Limited has announced its audited standalone and consolidated financial results for the financial year ended March 31, 2026. The Board of Directors approved the financial results at its meeting held on May 21, 2026. The company delivered a landmark performance in FY26, with its credit rating upgraded to A- (Stable) by Acuite Ratings. Following the approval, the company submitted copies of the newspaper advertisements published on May 22, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also filed an investor presentation detailing its operational metrics and strategic verticals on May 25, 2026.
Financial Performance
For the financial year ended March 31, 2026, the company reported a net profit of ₹28.21 crore, an increase of 39.1% from ₹20.28 crore in the previous year. Revenue from operations rose to ₹210.29 crore from ₹160.96 crore in FY25. Total income for the year stood at ₹210.70 crore. For the quarter ended March 31, 2026, net profit was recorded at ₹11.03 crore, compared to ₹3.89 crore in the corresponding quarter of the previous year. Revenue from operations for the quarter increased to ₹64.67 crore from ₹40.55 crore.
The following table summarizes the standalone financial performance:
| Particulars: | Year ended Mar 31, 2026 (₹ crore) | Year ended Mar 31, 2025 (₹ crore) |
|---|---|---|
| Revenue from Operations | 210.29 | 160.96 |
| Total Income | 210.70 | 161.99 |
| Total Expenses | 172.72 | 134.66 |
| Net Profit | 28.21 | 20.28 |
The following table summarizes the quarterly performance for the quarter ended March 31, 2026:
| Particulars: | Q4 FY26 (₹ crore) | Q4 FY25 (₹ crore) |
|---|---|---|
| Revenue from Operations | 64.67 | 40.55 |
| Net Profit | 11.03 | 3.89 |
Key Metrics
The company's earnings per share (EPS) for the year ended March 31, 2026, improved to ₹1.64 on a basic and diluted basis, up from ₹1.24 and ₹1.21 respectively in the prior year. For the quarter ended March 31, 2026, basic and diluted EPS stood at ₹0.63.
Capital Adequacy and Asset Quality
As per the standalone financial results, the capital adequacy ratio stood at 32.37% as of March 31, 2026. The gross NPA ratio was reported at 1.94%, while the net NPA ratio was 1.65%. The net worth of the company increased to ₹574.65 crore from ₹270.25 crore in the previous year.
Business Verticals and AUM
The company operates across four strategic verticals: Mediclaim Financing, Salary Saathi, EV & Solar Financing, and Other Loans. The Assets Under Management (AUM) reached ₹1,541.17 crore as of March 31, 2026, a growth of 83.8% from the previous year. Mediclaim Financing accounted for 39% of the AUM, while EV & Solar Financing and Other Loans constituted 30% and 29% respectively. Salary Saathi represented 2% of the portfolio. The company reported total disbursements of ₹1,767.59 crore for FY26.
Corporate Actions
The Board noted that the company had allotted 2,49,30,765 equity shares and 76,53,061 share warrants on a preferential basis on March 4, 2026. The allotment was made at an exercise price of ₹98 per equity share, including a premium of ₹97 per share. Additionally, the company raised funds through the issuance of Non-Convertible Debentures (NCDs) aggregating ₹390 crore during the year.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE08KJ01020/2ceec555e8224051.pdf
Historical Stock Returns for Mufin Green Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.33% | +7.71% | +8.72% | +12.60% | +52.50% | -7.00% |
How will the upgraded A- (Stable) credit rating impact Mufin Green Finance's cost of borrowing and future capital raising plans?
What is the company's strategy for deploying the substantial capital raised through preferential allotment and NCDs given the high capital adequacy ratio?
With AUM growing at 83.8%, can the company maintain its current asset quality metrics (gross NPA at 1.94%) during this rapid expansion phase?
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