Key Quantitative Figures & Business Performance

Assets Under Management (AUM): ₹832 crore as of June 30, 2026. The company noted its AUM is approaching ₹1,000 crore.

Asset Quality: A significant improvement was reported. Gross NPA (GNPA) reduced to 0.73% in Jun'26 from 3.59% in Mar'26. Net NPA (NNPA) stood at 0.36% (Jun'26) versus 1.75% (Mar'26). The 90+ days past due (PAR) was 2.71% of AUM, down from 6.25% in FY26. Provision coverage for Stage 3 assets remained stable at 50.00%.

Profitability: Profit After Tax (PAT) for Q1 FY27 was ₹0.21 crore, a decrease of 14% Year-over-Year (YoY) from ₹0.24 crore in Q1 FY26 and a decrease of 56% Quarter-over-Quarter (QoQ) from ₹0.47 crore in Q4 FY26.

Income Statement (Q1 FY27): Total Income was ₹52.12 crore. Finance Cost was ₹21.10 crore. Net Interest Income & Fee Income was ₹31.02 crore. Operating Expense was ₹28.59 crore. Pre-Provisioning Operating Profit was ₹2.43 crore.

Capital Adequacy: The Capital to Risk-Weighted Assets Ratio (CRAR) was 28.65% as of Jun'26. The debt-to-equity ratio was 2.20, and overall leverage (TOL/Owned funds) was 3.12.

Margins: Average Lending IRR was 24.5%, and Average Borrowing IRR was 12.5%, resulting in an Interest Spread of 12.0% and a Net Interest Margin of 12.3% for Q1 FY27.

Operational Metrics: Collection Efficiency was reported at 92.3%. Opex as a percentage of Average AUM was 13.3%.

Strategic Updates & New Initiatives

Product Launch: The company launched a new Renewable (Solar) Loans product in Q1 FY27. The FY27 target is for this product to constitute 10% of AUM. As of July 2026, the Solar AUM was over ₹10 crore, with a target to reach a ₹100+ crore solar book in FY27. The company has strategic partnerships with OEMs and Global Climate Foundations for this initiative.

Digital Loans: Digital Loans are scheduled to commence in Q2 FY27.

Strategic Shift: The company is focusing on the "upper tier of Small & Micro enterprise segment," targeting customers with a minimum Annual Turnover (ATS) of ₹10 Lakhs and a bureau score of 650+. The secured loan book comprised ~75% of AUM as of Jun'26 (up from 49% in Jun'25), with a target to reach ~80% by Mar'27 (including guarantee programs).

Technology: The company rolled out an in-house Loan Origination System (LOS) named 'Moneyboxx One' in May'26. It also utilizes ML/AI-supported underwriting (Cattle AI) and digital collection processes (MBCollect app).

Funding: The company has a diversified liability mix with support from 34 lenders, including 11 banks. It highlighted strong access to debt capital markets, noting its highest-ever NCD raise of ₹302 crore in calendar year 2025. Cumulative debt funding is over ₹1,700 crore. An equity raise of ₹33.44 crore was completed in Q4 FY26, bringing cumulative equity received since inception to over ₹300 crore.

Geographic Presence: The company has a national presence across 12 states with 149 branches as of Jun'26.

Management & Governance

The presentation listed key members of the experienced management team, including Co-CEOs Mayur Modi and Deepak Aggarwal, and heads of various departments such as Finance (Viral Sheth), Credit (Raj Bans Lal), Business (Vivek Meharwal), Collections (Sandipan Thakur), Technology (Abhijeet Kamble), HR (Siddhartha Ghosh), Compliance (Lalit Sharma), Operations (Rohit Paigwar), Risk (Tapendra Gupta), and ESG & Impact (Tammineni Rajitha).

Impact Initiatives & Partnerships

The company is engaged in ongoing impact initiatives with partners including Rabobank Foundation, Water.org, SIDBI, Shell Foundation, Gates Foundation, and Accion. These include grants and guarantee programs. Other initiatives mentioned are para-vets, bio-gas digesters, and agro-forestry.