FY25: Mufin Green Finance Reports 20% Surge In Profit

Mufin Green Finance, a non-banking financial company (NBFC) specializing in financing renewable energy and electric vehicle (EV) projects, has reported strong growth in revenue and profitability for the financial year ended March 31, 2025 (FY25), driven by a surge in clean mobility and energy lending.

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Financial Performance (FY25 vs FY24)

The company’s Revenue from Operations nearly doubled to ₹181.38 crore in FY25, compared to ₹97.80 crore in FY24 — an 85.5% year-on-year increase. The growth was driven by increased loan disbursements across the renewable and EV segments, reflecting a broader push toward sustainable infrastructure.

Profit Before Tax (PBT) rose 22.1% to ₹25.93 crore in FY25, up from ₹21.23 crore in FY24. Net Profit stood at ₹19.24 crore, a 19.8% increase over ₹16.06 crore in the previous year.

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Surge In EBITDA 

Mufin’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surged 74.8% to ₹118.71 crore in FY25, up from ₹67.92 crore in FY24. The rise indicates improved operating efficiency and a higher-performing loan book.

On the expense side, Finance Costs more than doubled to ₹89.47 crore, from ₹44.40 crore in FY24, reflecting increased borrowing to support the growing asset base. Depreciation and amortization expenses rose 44.5% to ₹3.31 crore.

Strategic Outlook

Mufin Green Finance has continued to expand its footprint in underserved clean energy and mobility markets, especially through loans to small EV fleet operators and rooftop solar developers. The company said its performance is supported by favorable government policies and a tech-enabled approach to credit risk and distribution.

With India’s green finance landscape rapidly evolving, Mufin aims to deepen its reach across both urban and rural areas through partnerships and digital platforms.