Small-cap stock under ₹100: NBFC stock Mufin Green Finance rebounds 5% from intraday low
Mufin Green Finance reported a consolidated net profit of ₹5.85 crore for Q3FY25, a 28% increase from the previous year. Revenue surged 79% year-on-year to ₹48.57 crore. The stock rebounded 5% after a low of ₹80.26 on February 13.
Stock Market Today: Small-cap stock under ₹100, Mufin Green Finance, rebounded 5% from its intra-day low in trade on Thursday, February 13.
Mufin Green Finance share price today
Mufin Green Finance share price opened at ₹82.31 on the BSE on Thursday, more than 1% higher than the previous day's closing price of ₹81.30. The NBFC stock thereafter slipped to an intra-day low of ₹80.26. Nevertheless, the stock rebounded sharply to touch an intra-day high of ₹83.73, translating into gains of more than 5% from its intra-day low.
Mufin Green Finance share price had hit a 52-week or one-year high of ₹250.45 in February last year. The stock's 52-week or one-year low stands at ₹76.82, which it touched in December 2024. Mufin Green Finance share price, however, has now been doing well during the last two months despite broader market weakness.
Mufin Green Finance Q3 Results
Mufin Green Finance reported its December 2024 quarter performance after trading hours on Wednesday, February 12.
The company's consolidated net profit during the October-December 2024 quarter stood at ₹5.85 crore, a growth of 28% over ₹4.55 crore during the October-December 2023 quarter.
Mufin Green Finance's revenue from operations surged 79% year-on-year (YoY) to ₹48.57 crore during Q3FY25. The figure stood at ₹27.10 crore in the same quarter last fiscal.
On a sequential basis, the consolidated net profit rose 3% compared to ₹5.69 crore in Q2FY25. Meanwhile, the revenue from operations was up 5% quarter-on-quarter (QoQ) from ₹46.34 crore recorded by Mufin Green Finance in the September 2024 quarter.
Mufin Green Finance during December 2023 had raised funds for lending purposes. The company said that while the original allocation stood at ₹105.19 crore, it had utilised ₹82.27 crore till now.
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