Moneyboxx Fin. Q2 FY27 Results (NSE: MONEYBOXX)
Signal: Earnings grew
The read
The earnings inflection is a sharp PAT rebound to ₹90.62 lakh, +337.8% YoY and +337.3% QoQ, supported by total-income growth of 17.3% YoY and finance-cost growth of only 1.8%; the counterpoint is impairment expense at ₹896.34 lakh, +70.2% YoY and +309.1% QoQ, so the durability of the rebound depends on credit costs rather than revenue alone.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹61.02 Cr | +17.3% | +10.8% |
| Net profit | ₹0.91 Cr | +337.8% | |
| EPS | ₹0.16 | +433.3% | |
| EBIT margin | 0% |
P&L walk
Total income rose to ₹6,102.30 lakh, +17.3% YoY and +10.8% QoQ, while finance cost increased only 1.8% YoY; however, impairment rose 70.2% YoY to ₹896.34 lakh, and PAT still expanded to ₹90.62 lakh, +337.8%, from a low base.
Key positives
- Total income reached ₹6,102.30 lakh, +17.3% YoY and +10.8% QoQ, reversing the prior quarter's reported YoY decline in total income.
- PAT rose to ₹90.62 lakh from ₹20.70 lakh YoY and QoQ, while finance cost increased only 1.8% YoY to ₹2,138.23 lakh.
- Gross Stage 3 Assets Ratio was 0.01% and Net Stage 3 Assets Ratio was 0.00%, with CRAR at 26.35%.
- Operating cash flow was positive at ₹3,338.05 lakh in H1FY27, compared with negative ₹3,247.50 lakh in the comparable half-year.
Key concerns
- Impairment on financial instruments increased to ₹896.34 lakh, +70.2% YoY and +309.1% QoQ, rising faster than total income.
- Debt-equity was 2.44x and total debt represented 69% of assets, leaving earnings sensitive to funding costs and asset quality.
- Property, plant and equipment increased to ₹2,195.36 lakh from ₹1,558.71 lakh while quarterly depreciation was flat at ₹252.91 lakh versus ₹255.10 lakh YoY.
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