Please find enclosed herewith the annual audited financial statements for the Quarter and Financial Year ended March 31, 2025
MONEYBOXX · price
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Moneyboxx Finance (an RBI-registered NBFC) reported audited FY25 results with strong top-line growth but sharply lower profits. Total revenue from operations rose ~56% year-on-year to Rs. 198.94 crore (from Rs. 127.69 crore), driven by interest income of Rs. 170.60 crore. However, profit after tax plunged ~86% to just Rs. 1.25 crore (from Rs. 9.14 crore), and Q4 FY25 alone posted a loss of Rs. 5.29 crore. Higher finance costs and impairment on financial instruments (Rs. 28.13 crore vs Rs. 7.11 crore) hit earnings. The loan book grew ~39% to Rs. 678.73 crore and total assets crossed Rs. 943.77 crore. The auditor gave an unmodified opinion, but separately flagged an Emphasis of Matter regarding non-compliance with asset quality covenants on listed NCDs (actual PAR 90 of 6.93% vs covenant of 3%). The company has sought waivers and no lender has taken adverse action. Capital adequacy remains healthy at 29.25% with debt-equity at 2.44x. The Board also approved applying for equity listing on NSE in addition to existing BSE listing, and Rs. 155 crore of secured NCDs were issued during the quarter.
Mixed signal for shareholders — strong loan growth and revenue expansion, but profitability has collapsed and asset quality breaches on NCD covenants raise red flags despite waivers and improving collections from Nov 2024. The proposed NSE listing may improve liquidity, but investors should weigh rising credit costs (impairment up nearly 4x) against the 29% capital buffer. The stock may see volatility given the Q4 loss and covenant issues disclosed.