The company also claimed that its net profit for the quarter was Rs 40 Cr, which is 98% higher than the year-ago quarter when it was Rs 20.20 Cr.
Stock Market News: Mufin Green Finance shares ended in a 5 per cent upper circuit on Wednesday, December 13. The stock of the company traded at an upper circuit limit of Rs 132.80 a share. This means that the stock of the company has risen 17 per cent over the preceding five sessions. Since Mufin Green Finance notified Indian stock market exchanges last week about a capital raising. It has notified Indian stock exchanges of a fund raise of Rs 17.50 crore made possible by the private offering of Secured Non-Convertible Debentures.
Mufin Green Finance Financials: Here are the key details
- Mufin Green Finance reported net revenue of Rs 21.13 Cr on a consolidated basis, down 45.32% YoY from Rs 38.65 Cr in the same period last year.
- According to the firm, its net profit for the second quarter of the current financial year was Rs 40 Cr, up from Rs 7.45 Cr in Q2FY23.
- In terms of revenue from operations, the firm recorded Rs 21.13 Cr in Q2FY24, up 220.63% from Rs 6.59 Cr in Q2FY23 on a standalone basis.
- The company also claimed that its net profit for the quarter was Rs 40 Cr, which is 98% higher than the year-ago quarter when it was Rs 20.20 Cr.
The shares of Mufin Green Finance were set in a 5% upper circuit limit at Rs 132.80 on Wednesday. The scrip reached a 52-week-high of Rs 136.60 on (07/11/2023) and a 52-week-low of Rs 34.19 on (28/03/2023).
The stock price climbed from Rs 43.33 to the current market price in the past year, yielding a multibagger return of 207.41%. The stock price went up from Rs 38.90 to the current market price on a YTD, resulting in a multibagger return of 242.42% in 2023.