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