Key Quantitative Figures

Financial Performance Q2 FY27:

  • Disbursements: ₹87 crores (14% sequential increase from ₹76 crores in Q1 FY27)
  • Total Income: ₹61 crores (11% YoY growth, 17% sequential growth)
  • Net Interest Income & Fee Income: ₹39 crores (16% YoY growth, 28% sequential growth)
  • Pre-provisioning Operating Profit: ₹9.97 crores (79% growth vs Q2 FY26)
  • Operating Expenses: ₹29.67 crores
  • Profit After Tax: ₹0.9 crores (229% YoY growth)

Financial Performance H1 FY27:

  • Total Income: ₹113.14 crores
  • Net Interest Income & Fee Income: ₹70 crores
  • Pre-provisioning Profit: ₹12.41 crores
  • Profit After Tax: ₹1.11 crores (117% YoY growth)

Operational Metrics (as of September 2026):

  • AUM: ₹802 crores
  • Total Assets: ₹1,057 crores
  • Branches: 148 across 12 states
  • Live Customers: ~13,000
  • Collection Efficiency: 92.5% (ex-bucket above 98%)
  • 90+ PAR: 2.56% (down from 6.25% in March 2026)
  • Gross NPA: 0.01%
  • Capital Adequacy Ratio: 26.35%
  • Lenders: 36 relationships (including 12 banks)

Margin Metrics H1 FY27:

  • Average Lending IRR: 24.8%
  • Average Borrowing IRR: 12.7%
  • Net Interest Margin: 11.9%
  • Operating Expenses/Average AUM: 14.3%

Monthly Disbursement Trends:

  • August 2026: ₹24.5 crores
  • September 2026: ₹32.4 crores
  • October 2026: ₹50+ crores

Business Segments & Partnerships

Core MSME Lending:

  • Secured business loans (₹3-30 lakh range)
  • Unsecured lending (₹1-3 lakh range for customers with strong CIBIL scores)
  • 73% of AUM comprises secured loans
  • Average secured ticket size: ₹6.7 lakh in Q2 (up from ₹5.7 lakh in Q1)

Livestock & Dairy Finance:

  • Partnership with Akshayakalpa commenced in Q2 FY27
  • FLDG (first loss default guarantee) arrangement provides credit protection
  • Low opex model with partner assistance in collection

Rooftop Solar Financing:

  • H1 FY27 AUM: ₹17 crores
  • October 2026 disbursements: ₹5.5 crores
  • Working with solar OEMs and EPC partners
  • Target: 10% of AUM from renewable energy loans over next year
  • Current yield: 22.7-23.5%
  • Second loss guarantee cover of 10%

Digital Lending:

  • Launched SmartBiz digital lending platform in partnership with Trusave Fintech Private Limited (Bachatt platform)
  • Bachatt acts as lending service provider
  • Moneyboxx remains lender responsible for underwriting
  • FLDG arrangement provides additional protection
  • September 2026 disbursements: ₹2 crores
  • October 2026 target: ₹5 crores

Technology Initiatives

  • Moneyboxx ONE: In-house loan origination system launched May 2026
  • Cattle AI: AI-supported underwriting platform reducing manual screening by 30-40%
  • MBCollect: Field-level collection and monitoring application
  • Secured TAT reduced from 10-11 days to 6.5-7 days
  • Unsecured TAT reduced from 4 days to 1.5-2 days

Funding & Capital

  • Q2 FY27 NCD issuance: ₹110 crores
  • NCD share of total borrowings: 46%
  • Liquidity position: ₹170 crores as of September 2026
  • New banking relationships: Bandhan Bank, IOB top-up

Forward-looking Guidance

H2 FY27 Targets:

  • Disbursements: ₹500-600 crores
  • AUM: ₹1,100-1,200 crores by March 2027
  • Monthly disbursement run rate target: ₹100 crores

Partnership Scaling Expectations:

  • Solar financing: Target of ₹25 crores monthly disbursement
  • Digital lending: Potential of ₹20 crores monthly by January 2027
  • Overall partnership target: ₹90-100 crores quarterly disbursement

Medium-term Objectives:

  • Reduce opex to AUM ratio below 10% over next 2 years
  • Focus on higher ticket secured lending and customers with stronger credit profiles
  • Improve operating leverage through partnership-led sourcing models
  • Diversify liability profile and improve borrowing costs

Regulatory Status

  • Classified as middle-layer NBFC reflecting scale of balance sheet
  • No material changes expected in regulatory requirements or operating processes