Mufin Green Profit Jumps 26% to Rs 6 Cr in Q3
Mufin Green, an electric vehicle financing company, reported a 26% increase in net profit to Rs 5.73 crore in the December quarter, driven by higher income. The company's total income rose to Rs 48.95 crore from Rs 27.10 crore in the year-ago period.
New Delhi, Feb 13 (PTI) Mufin Green on Thursday posted a 26 per cent rise in net profit to Rs 5.73 crore in the December quarter aided by higher income.
It had reported a net profit of Rs 4.55 crore in the October-December period of the preceding 2023-24 financial year, the company said in an exchange filing.
The company's total income rose to Rs 48.95 crore from Rs 27.10 crore in the year-ago period. Its expenses were at Rs 41.17 crore as against Rs 20.99 crore in the ended December 2023.
Kolkata-based Mufin Green focuses on financing in the electric vehicle ecosystem, including two-wheelers, three-wheelers, four-wheelers, fast chargers and swappable batteries.
It had reported a net profit of Rs 4.55 crore in the October-December period of the preceding 2023-24 financial year, the company said in an exchange filing.
The company's total income rose to Rs 48.95 crore from Rs 27.10 crore in the year-ago period. Its expenses were at Rs 41.17 crore as against Rs 20.99 crore in the ended December 2023.
Kolkata-based Mufin Green focuses on financing in the electric vehicle ecosystem, including two-wheelers, three-wheelers, four-wheelers, fast chargers and swappable batteries.
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