Mufin Green profit rises 26% to ₹6 crore in Q3

Mufin Green posted a 26 per cent rise in net profit to ₹5.73 crore in the December quarter, aided by higher income.

It had reported a net profit of ₹4.55 crore in the October-December period of the preceding 2023-24 financial year, the company said in an exchange filing.

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The company’s total income rose to ₹48.95 crore from ₹27.10 crore in the year-ago period. Its expenses were at ₹41.17 crore as against ₹20.99 crore in the end of December 2023.

Mufin Green focuses on financing in the electric vehicle ecosystem, including two-wheelers, three-wheelers, four-wheelers, fast chargers and swappable batteries.