Archive · 28 May 2025
Mufin Green Reports Q4 Sales Up 53%, Signs USD 18M Loan
Imagine a company that helps people buy electric vehicles (EVs).
This company, called Mufin Green, just announced how well it did this year.
They sold a lot more EVs in the last few months than the year before, about 53% more!
But, their profit, or how much money they made, went down a little in that same time.
Over the whole year, they made even more money, 82% more than the previous year!
They also borrowed 18 million dollars from a US group to help more people buy EVs.
Mufin Green, an EV financing company, reported a 53% YoY increase in sales for Q4 FY25, reaching Rs 49.32 crore.
Net profit for Q4 FY25 decreased by 11% YoY to Rs 3.60 crore compared to Rs 4.05 crore in the same quarter the previous year.
For the full fiscal year 2025, sales surged by 82% to Rs 178.23 crore.
The company's net profit for FY2025 increased by 22% to Rs 19.61 crore.
Mufin Green signed an USD 18 million loan agreement with the United States International Development Finance Corporation.
- Who
- Mufin Green, a Kolkata-based company focusing on EV financing.
- What
- Mufin Green, an EV financing company, announced its financial results for Q4 FY25 and signed an USD 18 million loan agreement.
- When
- The financial results are for Q4 FY25 and the fiscal year ended March 2025.
- Where
- Kolkata, India.
- Why
- The loan agreement will enable Mufin Green to finance its onward lending business.
- Q4 FY25 Sales
- Rs 49.32 crore
- Q4 FY25 YoY Sales Growth
- 53%
- Q4 FY25 Net Profit
- Rs 3.60 crore
- FY2025 Sales
- Rs 178.23 crore
- FY2025 Net Profit
- Rs 19.61 crore
- Loan Agreement
- USD 18 million