Share Market News: Mufin Green Shares in Focus As Company’s Net Profit Grows 52 Percent YoY
Share Market News: Shares of EV financing firm Mufin Green Finance are in focus today as the company 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 counter opened in green at Rs 118 and touched the day’s high of Rs 118.40. However, it fell down to Rs 114 amid selling pressure.
Some Key Highlights of Q4FY2024
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 was 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.
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.
