INTEGRATED FILING — NBFC



General information about company

Scrip code 542774
NSE Symbol MUFIN
MSEI Symbol NOTLISTED
ISIN INE08KJ01020
Name of company Mufin Green Finance Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Investment and Credit
Start date and time of board meeting 27-May-2025   15:30:00
End date and time of board meeting 27-May-2025   17:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-05-27
Indicate Company website link for updated RPT policy of the Company https://mufingreenfinance.com/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
NA


Financial Results — NBFC
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations
(i) Interest Income 402168000 1603702000
(ii) Dividend Income 0 0
(iii) Rental Income 29000 29000
(iv) Fees and commission Income 0 0
(v) Net gain on fair value changes 0 0
(vi) Net gain on derecognition of financial instruments under amortised cost category 0 0
(vii) Sale of products (including Excise Duty) 0 0
(viii) Sale of services 0 0
(ix) Other revenue from operations
1 Net Gain on sale of Investment 327000 1011000
2 Other Operating Revenue 2944000 4903000
Total other revenue from operations 3271000 5914000
Total Revenue From Operations 405468000 1609645000
Other income 1343000 10238000
Total income 406811000 1619883000
2 Expenses
Cost of materials consumed 0 0
Purchases of stock-in-trade 0 0
Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
Employee benefit expense 63075000 235804000
Finance costs 227566000 890520000
Depreciation, depletion and amortisation expense 8244000 32946000
Fees and commission expense 0 0
Net loss on fair value changes 810000 810000
Net loss on derecognition of financial instruments under amortised cost category 0 0
Impairment on financial instruments 17459000 44463000
(f) Other expenses
1 Other expenses 41452000 142111000
Total other expenses 41452000 142111000
Total expenses 358606000 1346654000
3 Total profit before exceptional items and tax 48205000 273229000
4 Exceptional items 0 0
5 Total profit before tax 48205000 273229000
7 Tax expense
8 Current tax 9915000 44552000
9 Deferred tax -673000 25821000
10 Total tax expenses 9242000 70373000
11 Net Profit Loss for the period from continuing operations 38963000 202856000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
17 Net profit (loss) from discontinued operation after tax 0 0
14 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
15 Total profit (loss) for period 38963000 202856000
16 Other comprehensive income net of taxes 76000 701000
17 Total Comprehensive Income for the period 39039000 203557000
18 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
19 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
20 Details of equity share capital
Paid-up equity share capital 163490000 163490000
Face value of equity share capital 1 1
21 Reserves excluding revaluation reserve 2538987000
22 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings per share from continuing operations 0.24 1.24
Diluted earnings per share from continuing operations 0.23 1.21
ii Earnings per equity share for discontinued operations
Basic earnings per share from discontinued operations 0 0
Diluted earnings per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings per share 0.24 1.24
Diluted earnings per share 0.23 1.21
23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio
26 Disclosure of notes on financial results Textual Information(1)


Remarks
23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio


Text Block
Textual Information(1) 1. The above audited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on May 27, 2025. The Statutory Auditors of the Company have carried out an audit of the aforesaid standalone financial results. 2. These standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in accordance with the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 3. Ratings reaffirmed by Credit Rating Agencies during the year: ACUITE A- (STABLE) rating by Acuite Ratings and Research Limited. The rating is changed in subsequent financial year. 4. Details of loans (not in default) acquired by the Company during the quarter ended March 31, 2025 pursuant to Master Direction – RBI (Transfer of Loan Exposures) Directions, 2021 dated September 24, 2021: Particulars Aggregate amount of loans acquired through assignment (Rs. in lakhs) 2076.75 Weighted average residual maturity (in months) 9.75 Weighted average holding period (in months) 4.11 Retention of beneficial economic interest by the originator 5.00% Tangible security coverage 0.00% Rating-wise distribution of rated loans Not applicable 5. The Company has allotted 1,20,000 Equity Shares of face value of Re.1 each fully paid up at an exercise price of Rs.55 per equity share (including premium of Rs.54 per equity share) to share warrant holders on January 28, 2025. 6. The Company’s main business is Financing and Investing. All activities are carried out within India. Accordingly, there are no reportable segments as per Ind AS 108 - ‘Operating Segments’. 7. The figures for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the end of third quarter of the relevant financial year which were subject to limited review by the Statutory Auditors. 8. The figures of previous periods/year have been regrouped/reclassified whenever considered necessary. 9. These standalone financial results are available under Investors section of our website at www.mufingreenfinance.com and under Financial Results at Corporate section of www.bseindia.com and www.nseindia.com.


Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 273229000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 883608000
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current 0
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 698000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 85870000
Adjustments for other bank balances 142912000
Adjustments for increase (decrease) in trade payables, current 0
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 1069000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 32946000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 44463000
Adjustments for provisions, current 0
Adjustments for provisions, non-current 11491000
Adjustments for other financial liabilities, current 39542000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 1571101000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 810000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -327692000
Net cash flows from (used in) operations -54463000
Dividends received 0
Interest paid 760996000
Interest received 1376388000
Income taxes paid (refund) 24783000
Other inflows (outflows) of cash -1960017000
Net cash flows from (used in) operating activities -1423871000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 7943000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 910677000
Net cash flows from (used in) investing activities 902734000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 57925000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 1305101000
Proceeds from borrowings 3605272000
Repayments of borrowings 4332225000
Payments of lease liabilities 22093000
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -50000000
Net cash flows from (used in) financing activities 563980000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 42843000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 42843000
Cash and cash equivalents cash flow statement at beginning of period 874524000
Cash and cash equivalents cash flow statement at end of period 917367000




Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Finanical Asset
Cash and cash equivalents 917367000
Bank Balance other than (a) above 583511000
Derivative financial instruments 0
Receivables
(I) Trade Receivables 0
(II) Other Receivables 0
Loans 8308401000
Investments 49519000
Other Financial assets 198875000
Total Financial Assets 10057673000
2 Non Financial Asset
Inventories 0
Current tax assets (Net) 8055000
Deferred tax Assets (Net) 0
Investment Property 0
Biological assets other than bearer plants 0
Property, Plant and Equipment 7734000
Capital work-in-progress 0
Intangible assets under development 0
Goodwill 0
Other Intangible assets 55403000
Other non-financial assets (to be specified) 84937000
Total Non Financial Assets 156129000
Total assets 10213802000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 163490000
Other equity 2538987000
Total equity attributable to owners of parent 2702477000
Non controlling interest
Total equity 2702477000
2 Liabilities
2.1 Financial Liabilities
(a) Derivative financial instruments 0
(b) Payables 0
(I)Trade Payables
(i) total outstanding dues of micro enterprises and small enterprises 0
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 0
II) Other Payables
(i) total outstanding dues of micro enterprises and small enterprises 0
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 0
(C ) Debt Securities 1936515000
(d) Borrowings (Other than Debt Securities) 5100206000
(e) Deposits 0
(f) Subordinated Liabilities 0
(g) Other financial liabilities 391618000
Total Financial Liabilities 7428339000
2.2 Non-Financial Liabilities
(a) Current tax liabilities (Net) 57784000
(b) Provisions 15160000
(C ) Deferred tax liabilities (Net) 0
(d) Other non-financial liabilities 10042000
Total Non Financial Liabilities 82986000
Total liabilities 7511325000
Total equity and liabilites 10213802000
Disclosure of notes on assets and liabilities


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments


Other Comprehensive Income
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss 101000 936000
Total Amount of items that will not be reclassified to profit and loss 101000 936000
2 Income tax relating to items that will not be reclassified to profit or loss 25000 235000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 76000 701000




Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 TATTVAM & Co. Chartered Accountants Yes 31-Jan-2027


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 27-Dec-2023
Amount Raised 8276000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Acuite Ratings & Research Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation Nil
Comments of the Audit Committee after review Nil
Comments of the auditors, if any Nil
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 For Lending Purpose NA 10519000 0 8276000 0
2 For General Corporate Purpose NA 3506000 0 0 0


Signatory Details
Name of signatory Mayank Pratap Singh
Designation of person Company Secretary and Compliance Officer
Place Delhi
Date 27-May-2025




Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Mufin Green Finance Limited Hindon Mercantile Limited Holding Company Loan 1000000000 Approved pursuant to the regulations applicable 151840000 359514000 0
2 Mufin Green Finance Limited Hindon Mercantile Limited Holding Company Interest received 1000000000 Approved pursuant to the regulations applicable 24175000 0 0
3 Mufin Green Finance Limited Hindon Mercantile Limited Holding Company Any other transaction EMI collected on our behalf and refunded back Approval not required for such transaction 1044000 0 0
4 Mufin Green Finance Limited Hindon Mercantile Limited Holding Company Any other transaction Loan Portfolio Acquired 1000000000 Approved pursuant to the regulations applicable 207675000 0 0
5 Mufin Green Finance Limited Hindon Mercantile Limited Holding Company Any other transaction Reimbursements of payments made on our behalf (net) Approval not required for such transaction 465000 0 0
6 Mufin Green Finance Limited Bimapay Finsure Private Limited Enterprises over which Directors/KMP have significant influence Any other transaction Professional Fees 250000000 Approved pursuant to the regulations applicable 13468000 0 12313000
7 Mufin Green Finance Limited Mufin Green Infra Limited Subsidiary Company Loan 500000000 Approved pursuant to the regulations applicable 52206000 86415000 34209000
8 Mufin Green Finance Limited Mufin Green Infra Limited Subsidiary Company Interest received 500000000 Approved pursuant to the regulations applicable 6146000 0 0
9 Mufin Green Finance Limited Fintelligence Data Science Private Limited Enterprises over which Directors/KMP have significant influence Loan Approval not required for such transaction 0 5000000 5000000
10 Mufin Green Finance Limited Fintelligence Data Science Private Limited Enterprises over which Directors/KMP have significant influence Interest received Approval not required for such transaction 374000 62000 64000
11 Mufin Green Finance Limited Kapil Garg Managing Director Remuneration Approval not required for such transaction 4296000 0 0
12 Mufin Green Finance Limited Kapil Garg Managing Director Loan Approval not required for such transaction 0 20000000 20000000
13 Mufin Green Finance Limited Kapil Garg Managing Director Interest received Approval not required for such transaction 1223000 0 0
14 Mufin Green Finance Limited Kapil Garg Managing Director Advance Approval not required for such transaction 3000000 5000000 2000000
15 Mufin Green Finance Limited Mayank Pratap Singh Company Secretary Remuneration Approval not required for such transaction 731000 0 0
16 Mufin Green Finance Limited Gunjan Jain Chief Financial Officer Remuneration Approval not required for such transaction 1203000 0 0
17 Mufin Green Finance Limited Manoj Kumar Bhatt Independent Director Any other transaction Sitting Fees Approval not required for such transaction 30000 0 0
18 Mufin Green Finance Limited Nitin Goel Independent Director Any other transaction Sitting Fees Approval not required for such transaction 30000 0 0
19 Mufin Green Finance Limited Hemant Bhageria Independent Director Any other transaction Sitting Fees Approval not required for such transaction 30000 0 0
20 Mufin Green Finance Limited Sanchi Pandey Independent Director Any other transaction Sitting Fees Approval not required for such transaction 30000 0 0
21 Mufin Green Finance Limited Srishti Agarwal Independent Director Any other transaction Sitting Fees Approval not required for such transaction 15000 0 0
Total value of transaction during the reporting period 467981000