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Earnings Call Transcript

Mufin Green Finance Earnings Call Transcript: Key Takeaways

Mufin Green Finance is pivoting from a branch-based model to a digital-first, tech-led lending approach, showing strong operating leverage.

Highlights
Revenue growthNot explicitly stated; focus on AUM and borrowing growth.
MarginsStructural expansion expected as cost of borrowing fell from 13.80% to 11.17%.
Order bookMediclaim portfolio at ₹677 Cr; active lenders increased from 20+ to 35+.
Demand visibilityStrong demand for Mediclaim Financing and digital 'Salary Saathi' products.
Management confidenceHighly optimistic, emphasizing a 'new journey' and 'important milestone'.

Growth

Borrowings grew 101% YoY to ₹1,551 Cr; cost of borrowing dropped 263 bps to 11.17%.

Outlook

Targets 'A' credit rating next quarter and significant volume growth in 'Salary Saathi' and Mediclaim Financing.

Risks

The transition to digital models and target of reducing headcount to 300 may impact execution stability.

Source

Earnings Call Transcript filed with BSE, NSE: MUFIN. Summary written with AI assistance from the document.

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Mufin Green Finance Ltd: key numbers

Share price
₹133.02
Market cap
₹2,636 Cr
Revenue (annual)
₹210.3 Cr
Net profit (annual)
₹28.26 Cr
P/E (TTM)
69.6×Sector 22.0×
Promoter holding
47.30%+0.00% QoQ
FII holding
2.26%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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18:37 IST BSE
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Mufin Green Finance Debt & Borrowing: ₹4.17 Cr

Mufin Green Finance Ltd completed a partial redemption of Non-Convertible Debentures on September 25, 2026. The company redeemed an amount of ₹4.17 Crore.

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Mufin Green Finance Debt & Borrowing: ₹0.15 Cr

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Mufin Green Finance Debt & Borrowing: ₹57 Cr

Mufin Green Finance Limited received listing approval for its USD 6 million senior notes on India INX. The issuance is valued at approximately ₹57 Crore.

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₹57.00 Cr
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Debt & Borrowing

Mufin Green Finance Debt & Borrowing: ₹0.47 Cr

Mufin Green Finance Ltd paid ₹0.47 Crore monthly interest on its ₹55 Crore listed NCDs. Payment was made on due date, 21 September 2026.

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Credit Rating

Mufin Green Finance Credit Rating

Mufin Green Finance Limited received a 'CareEdge B/Stable' rating from CareEdge Global IFSC Limited for its foreign currency bonds.

21:57 IST BSE
Employee Stock Options

Mufin Green Finance Employee Stock Options

Mufin Green Finance granted 8,53,484 stock options to eligible employees under ESOP Scheme 2023. These options are exercisable at Rs. 70 per option.