Please find enclosed herewith the Unaudited financial results for the quarter ended June 30, 2025
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Moneyboxx Finance, an RBI-registered NBFC, posted Q1 FY26 revenue from operations of Rs. 5,902.41 lakhs, up about 29% YoY from Rs. 4,562.84 lakhs, driven by higher interest income and gains on financial instruments. Total expenses rose sharply to Rs. 5,868.48 lakhs, with finance costs up 37% and impairment provisions nearly doubling YoY. Profit after tax collapsed to just Rs. 24.35 lakhs (from Rs. 430.34 lakhs in Q1 FY25), keeping net profit margin at a thin 0.41%. The company issued Rs. 82 crore of secured NCDs during the quarter and is seeking shareholder approval to issue up to Rs. 500 crore more. Gross Stage 3 (NPA) assets stood at 7.28% and debt-equity ratio at 2.58x. The auditor flagged an Emphasis of Matter noting the company is not in compliance with several NCD covenants — actual PAR 90 of 7.89% versus a permitted cap of 3% — and is seeking a waiver from the debenture trustee. BSE also levied a Rs. 20,000 SOP fine for a listing regulation lapse.
Sharp PAT erosion despite strong revenue growth, coupled with a breach of NCD asset-quality covenants and an auditor emphasis-of-matter, raises asset quality and earnings-quality concerns for shareholders. The Rs. 500 crore NCD issuance plan and high leverage (D/E of 2.58) could further pressure margins if funding costs remain elevated.