Moneyboxx Finance Q3 results: Profit at Rs 2 cr, total income at Rs 33.5 cr

The company posted a profit after tax of Rs 5.02 crore in April-December 2023-24. It incurred a net loss of Rs 7.22 crore in the year-ago period

December quarter results: Analysts expect tepid numbers

The company caters to micro entrepreneurs by extending unsecured and secured business loans of Rs 70,000 to Rs 10 lakh for tenure from 12-84 months

Press Trust of India Mumbai

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Moneyboxx Finance, an NBFC engaged in small business lending segment, has reported a profit of Rs 2.01 crore for the quarter ended December 2023.
The company had incurred a loss of Rs 2.7 crore in December quarter last financial year.
The company posted a profit after tax of Rs 5.02 crore in April-December 2023-24. It incurred a net loss of Rs 7.22 crore in the year-ago period.
In December quarter FY24, total income was at Rs 33.52 crore. It was Rs 13.19 crore in the year-ago period.
In a statement, the company said its assets under management more than doubled to Rs 530 crore as of December 31, 2023, driven by branch expansion, higher productivity, and growth in lending partnerships.
"We have built a sustainable, scalable, and tech-driven business model with robust underwriting practices to cater to the promising and underserved small business loan market in rural and semi-urban areas," said Deepak Aggarwal, Co-CEO and CFO of Moneyboxx Finance.
The company caters to micro entrepreneurs by extending unsecured and secured business loans of Rs 70,000 to Rs 10 lakh for tenure from 12-84 months.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 12 2024 | 10:12 PM IST

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