Moneyboxx Fin. Q1 FY27 Results (NSE: MONEYBOXX)
Signal: Earnings declined
The read
The quarter's trajectory weakened: total income fell 11.8% YoY to ₹5,211.95 lakh and PAT fell 12.5% to ₹20.70 lakh, with EBITDA up only 1.7% because a 73.7% reduction in impairment masked weaker income and finance cost rising 2.4%; other income of ₹10.31 lakh also comprised 41.7% of PBT.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹52.02 Cr | -11.9% | -17.6% |
| EBIT | ₹21.34 Cr | 1.5% | |
| Net profit | ₹0.21 Cr | -12.5% | |
| EPS | ₹0.03 | -57.1% | |
| EBIT margin | 0% |
P&L walk
Standalone total income declined 11.8% YoY and 17.6% sequentially to ₹5,211.95 lakh; a 73.7% YoY reduction in impairment supported EBITDA growth of 1.7%, but finance cost rose 2.4% and PAT fell 12.5% to ₹20.70 lakh.
Key positives
- Impairment on financial instruments fell 73.7% YoY to ₹219.12 lakh from ₹833.82 lakh, supporting EBITDA growth of 1.7% despite an 11.8% decline in total income.
- Gross Stage 3 assets were 0.73% and Net Stage 3 assets were 0.36%, while capital adequacy remained high at 28.65%.
- The company obtained auditor certification of 1.10x asset cover for listed NCDs and reported compliance with the debt covenants.
Key concerns
- Total income fell 11.8% YoY and 17.6% QoQ to ₹5,211.95 lakh, indicating a clear sequential slowdown in operating income.
- Finance cost rose 2.4% YoY to ₹2,110.00 lakh even as total income declined, pressuring the earnings spread.
- PAT fell 12.5% YoY to ₹20.70 lakh and 55.9% QoQ, showing that the lower impairment charge did not translate into bottom-line growth.
Earnings quality: includes non-operating other income
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