Mufin Green Finance AUM surges 84% to ₹1,541 cr, profit jumps 39% in FY26
Net profit at ₹28.21 cr, gross NPA improves to 1.94%; credit rating upgraded to A- (Stable).
— 1 earlier story on Mufin Green Finance Ltd. →What's new
- AUM jumped 84% YoY to ₹1,541 crore.
- Net profit rose 39% to ₹28.21 crore.
- Gross NPA slipped to 1.94%; credit rating upgraded to A- (Stable).
Why it matters
The numbers confirm robust execution: AUM nearly doubled and asset quality held. But this was already known from earlier disclosures. The real news is the rating upgrade to A- (Stable), which lowers borrowing cost and opens doors for institutional debt.
What we're watching
- Whether AUM growth sustains into FY27 at this pace.
- Net interest margin trajectory as cost of funds may shift.
- Any guidance from management on the new rating's impact.
The full read
Mufin Green Finance closed FY26 with AUM of ₹1,541 crore, up 84% in a year. Net profit came in at ₹28.21 crore, 39% higher than the year prior. Asset quality improved: gross NPA fell to 1.94%. None of this is new to the market — the numbers were already flagged in earlier filings. What stands out is the concurrent credit rating upgrade to A- with a stable outlook. For a green finance NBFC, this is the kind of signal that matters. It lowers the cost of incremental debt and widens the pool of institutional lenders. The backward-looking numbers are good; the forward-looking signal is the rating.