Please find attached the transcript of the Conference Call pertaining to Financial Results for the Quarter ended June 30, 2025 held on July 28, 2025
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Moneyboxx Finance reported Q1 FY26 AUM of INR918 crores, up 23% year-on-year, with total income rising 29% to INR59 crores and net interest income up 26% to INR39 crores. NIM stood healthy at 14.36%, but profit after tax collapsed to just INR24 lakhs versus INR4.30 crores a year ago due to higher credit costs of 3.65% and muted disbursements of INR92 crores. Asset quality weakened, with on-book GNPA rising to 7.28% and net NPA to 3.78%, while collection efficiency slipped to 97.2% in the 0–30 DPD bucket. Management is targeting AUM of INR1,400 crores for FY26, secured lending share of around 70% by March 2026, opex below 10% over the next few years, and cost of funds moving into single digits in 2–3 years. They also launched a new Salaried LAP product and a proprietary cattle AI verification tool, while raising INR82 crores via NCDs and maintaining CRAR at 28.4%.
Near-term, shareholders should brace for continued pressure on profitability and asset quality as credit costs remain elevated and AUM growth is muted, but the strategic shift towards secured, higher-ticket loans and a falling cost of funds support an improving trajectory over the medium term. The stock could stay range-bound until clear signs of NPA stabilization and disbursement acceleration emerge, likely from Q3 FY26 onwards.