The Board of Directors of Moneyboxx Finance Limited at its meeting held on July 26, 2025 has inter-alia approved the financial results for the Quarter ended June 30, 2025.
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Moneyboxx Finance, an RBI-registered NBFC, reported Q1 FY26 (quarter ended June 30, 2025) results with total income rising about 29% year-on-year to Rs 59.12 crore, driven mainly by interest income of Rs 50.44 crore. However, profit after tax collapsed nearly 94% to just Rs 24.35 lakhs (from Rs 4.30 crore a year ago) as finance costs jumped 37% and impairment provisions on loans nearly doubled to Rs 8.34 crore. The Board also approved an enabling authorisation to raise up to Rs 500 crore through NCDs, commercial papers and other securities, subject to shareholder approval, and noted a minor Rs 20,000 BSE SOP fine for late compliance. The auditor flagged, in a separate emphasis-of-matter note, that the company breached asset-quality covenants on its listed NCDs (PAR 90 of 7.89% against the 3% limit), and the company is seeking a waiver from the debenture trustee. Gross Stage 3 assets stood at 7.28% and CRAR was a healthy 28.40%, with debt-equity at 2.58x.
Strong topline growth is being eaten away by rising borrowing costs and sharply higher loan-loss provisions, pushing net profit margins to just 0.41% — a concern for shareholders. The covenant breach on NCDs and ongoing waiver discussion add near-term uncertainty, though the strong capital adequacy ratio (28.40%) provides some cushion.