Moneyboxx Finance Limited will hold a meeting with analysts and institutional investors on September 28, 2026. The interaction is scheduled virtually from 2 pm to 3 pm IST.

The event is part of the Arihant Capital Bharat Connect Conference: Rising Stars. Company officials will engage with investors in one-on-one and group formats during this period.

Discussions will rely solely on publicly available documents. No unpublished price sensitive information (UPSI) is intended to be shared during the interactions.

The schedule remains subject to change due to exigencies on the part of the company or the participants.

Moneyboxx Finance reported a significant structural shift in its loan book for the quarter ended August 2026, with 87% of disbursements now secured. This marks a decisive move away from the unsecured portfolio that characterized earlier periods, aiming to mitigate sector-wide stress and improve asset quality.

The NBFC targets an AUM CAGR of approximately 36% between FY26 and FY31, with a specific goal of reaching ₹1,715 crore in AUM by FY28. The company currently maintains a capital adequacy ratio (CRAR) of 28.7% for Q1FY27, providing a buffer for this planned expansion across four distinct lending engines: MSME secured loans, livestock finance, rooftop solar, and digital small-ticket lending.

Asset Quality Improvement

Asset quality metrics show marked improvement in Q1FY27 compared to FY26. The gross non-performing assets (GNPA) ratio fell sharply from 3.59% in FY26 to 0.73% in Q1FY27. Similarly, net NPAs declined from 1.75% to 0.36%.

The provision coverage ratio is implicitly strong given the drop in credit cost from 3.32% in FY26 to 1.02% in Q1FY27. Past due ratios also contracted, with 30+ days past due (PAR) falling from 8.40% to 6.34%, and 90+ days PAR dropping from 6.25% to 2.71%.

Portfolio Composition Shift

The composition of new originations has changed materially. In Q1FY27, approximately 70% of disbursements were above ₹5 lakh, up from just ~5% in FY24. Additionally, the share of borrowers with a bureau score of 650+ rose to 75%, compared to ~56% in FY24. This shift toward larger ticket sizes and higher-credit-score borrowers is intended to lift branch productivity and reduce cyclicality.

Financial Performance and Margins

For FY26, the company reported total income of ₹232 crore, up from ₹199 crore in FY25. Net interest income and fees stood at ₹149 crore, while operating expenses were ₹116 crore. Operating profit reached ₹33 crore, but profit after tax was suppressed to ₹1 crore due to elevated credit costs of ₹31 crore during the year.

In Q1FY27, the average lending internal rate of return (IRR) was 24.5%, down from 26.0% in FY26, reflecting the mix shift toward lower-yielding secured assets. The average borrowing IRR remained stable at 12.5%, resulting in a net interest margin of 12.3%, compared to 13.9% in FY26.

Operating Leverage and Funding

Moneyboxx aims to drive operating leverage by reducing opex to average AUM from 12.8% in FY26 to approximately 8.8% by FY29. The company has diversified its funding base, with non-convertible debentures (NCDs) accounting for 40% of total borrowings in FY26, up from nil in FY22. The average cost of funds declined steadily from 16.1% in FY22 to 12.7% in FY26.

What the Numbers Show

The divergence between the decline in lending yield (from 26.0% to 24.5%) and the stability in borrowing costs (12.7% to 12.5%) indicates that the compression in net interest margin is driven entirely by asset-side mix changes rather than liability-side pressure. This suggests the company is prioritizing portfolio security over yield maximization in the near term, a strategy supported by the sharp reduction in credit costs from 3.32% to 1.02%.