Please find enclosed herewith the Investor Presentation for the Quarter and Financial Year ended March 31, 2025
MONEYBOXX · price
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Moneyboxx Finance reported FY25 AUM growth of 27% YoY to INR 927 crore, with total income rising 56% to INR 199 crore. However, PAT dropped sharply to INR 1.3 crore from INR 9.1 crore due to elevated credit costs (GNPA jumped to 6.61% from 1.51%) linked to industry-wide stress in unsecured loans. The company pivoted to secured lending, which now forms 45% of AUM, with a target of ~65% by Mar'26. It raised INR 175.8 crore in equity and INR 489 crore in debt (including a record INR 185 crore NCD raise), maintaining CRAR at 29.3% and liquidity at INR 135 crore. Branch network expanded to 163 across 12 states, with plans to reach 175+ by Mar'26. Management outlined multi-year targets: sub-10% Opex ratio in 2 years and average cost of borrowing converging to single digits over 3-5 years.
Positive on growth and capital strength, but near-term profitability remains under pressure from high credit costs and rising opex from aggressive branch expansion. Improving collection efficiency and shift to secured lending should support asset quality recovery, though shareholders may see continued muted earnings until slippage normalizes.