NBFC Moneyboxx Records Over 100% YoY Increase In Revenue
In Q4 FY22, the company posted record quarterly disbursements of Rs 146 crores, plunged around 212 per cent compared to Q4 FY22 and registering sequential growth of 45.9 per cent over Q3 FY23
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Moneyboxx, BSE-listed NBFC, in a statement, said that it has disbursements more than Rs 341 crores in FY23 from INR 112 crore, an increase of over 200 per cent YoY (year-on-year). The growth was driven by branch expansion (addition of 31 branches in FY23) and strong improvement in branch productivity.
In Q4 FY22, the company posted record quarterly disbursements of Rs 146 crores, plunged around 212 per cent compared to Q4 FY22 and registering sequential growth of 45.9 per cent over Q3 FY23. Company's AUM (Asset Under Management) grew by 184 per to Rs 338 crores as on March 31, 2023, in comparison to Rs 119 crores as on March 31, 2022.
Total revenue increased by 116 per cent to Rs 50.44 crores in FY23 compared to Rs 23.31 crores in FY22. It claimed profit in Q42023. Total taxes amounted to Rs 0.42 crore compared to net loss of Rs 2.70 crore in Q3 FY23.
Deepak Aggarwal, Co-CEO and CFO said, “ We see strong growth opportunities given huge unmet credit gap for micro enterprises in Rs 1 to lakh loan segment in Tier-III and below areas and we aim to transform lives of micro entrepreneurs through our various beyond-lending impact initiatives such as free vet advisory and agro-forestry for livestock and agricultural borrowers. Moneyboxx is committed to change the way impact investing is looked at and bring significant positive change in the lives of its borrowers.”
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