Mumbai: Moneyboxx Finance has restarted top-up lending to existing borrowers after an approximately 18-month pause, with loans to this customer segment contributing ₹15 crore to its October 2026 disbursements.
The development signals a renewed focus on repeat lending as the listed non-banking financial company (NBFC) looks to accelerate business loan growth.
During its earnings call on November 11, 2026, Moneyboxx Finance management disclosed that the company had resumed top-up loans for existing customers following a review of borrower repayment performance.
The lending activity had remained suspended for around 18 months after the introduction of microfinance institution (MFI) guardrails.
The company has initially restricted the restart to existing borrowers with satisfactory repayment records.
Top-up loans accounted for ₹15 crore of Moneyboxx Finance’s October disbursements, according to management.
The disclosure provides additional information about the company’s lending recovery that was not included in its November 9 financial results announcement.
The company’s provisional monthly disbursements crossed ₹50 crore in October 2026, compared with ₹32 crore in September and ₹25 crore in August.
The October performance indicates an acceleration in lending activity, supported partly by the return of repeat lending.
Moneyboxx Finance Expands Lending to Existing Micro-Enterprise Customers
Moneyboxx Finance provides business loans to micro and small entrepreneurs, including kirana store owners and dairy farmers. Its lending model primarily serves businesses that require financing to support their operations and growth.
As of September-end, the company operated 148 branches across 12 states and had approximately 13,000 active customers.
Alongside its branch-based lending operations, Moneyboxx Finance is developing additional lending channels focused on dairy financing, rooftop solar and digital lending.
These businesses are part of its expansion strategy, although the newer channels are still developing and have limited operating histories.
Moneyboxx Finance Q2 FY27 Results: Income Rises 11%, PAT Reaches ₹90 Lakh
Moneyboxx Finance’s Q2 FY27 financial results, approved on November 6, 2026, showed an improvement in income and profitability.
The company’s total income increased 11% year-on-year to ₹61.02 crore. Pre-provision operating profit (PPOP) rose to ₹9.97 crore, compared with ₹2.44 crore in the preceding quarter.
Profit after tax (PAT) increased to ₹0.90 crore in Q2 FY27 from ₹0.28 crore in the corresponding quarter of the previous year.
For the first half of FY27, Moneyboxx Finance reported a PAT of ₹1.11 crore, compared with ₹0.52 crore in H1 FY26. While the percentage increase was significant, the absolute profit figures remained relatively modest.
Quarterly disbursements increased 14% sequentially to ₹87 crore, while assets under management (AUM) stood at approximately ₹802 crore as of September 2026.
The company also reported improvements in its portfolio-at-risk indicators.
Its portfolio at risk for loans overdue by more than 90 days (PAR 90+) declined to 2.56% from 6.25% in March 2026.
The PAR 30+ indicator also improved, falling to 6.64% from 8.40% during the same period.
These figures represent portfolio-at-risk measures and are distinct from gross non-performing asset (GNPA) ratios.
On the funding front, Moneyboxx Finance raised ₹110 crore through non-convertible debentures (NCDs) during the quarter. Its capital adequacy ratio stood at 26.35%.
Moneyboxx Finance Targets ₹500-600 Crore Disbursements in H2 FY27
During the November 11 earnings call, management outlined its internal growth targets for the second half of FY27.
Moneyboxx Finance is targeting disbursements of ₹500-600 crore during H2 FY27, with the objective of increasing its AUM to ₹1,100-1,200 crore by March 2027.
These numerical targets provide greater clarity on the company’s growth ambitions than its November 9 results announcement, which had indicated an expected return to AUM growth without specifying the targeted figures.
Management also expressed an ambition to restore monthly disbursements to approximately ₹100 crore.
The company said it had previously maintained an average monthly disbursement level of around ₹100 crore between January and March of FY24. However, management did not specify a firm timeline for returning to that level.
Moneyboxx Finance Rooftop Solar Lending AUM Reaches ₹22.5 Crore
Rooftop solar financing is emerging as another growth channel for Moneyboxx Finance.
Management disclosed that the company’s rooftop solar financing AUM increased to ₹22.5 crore after October, compared with ₹17 crore at the end of September.
Monthly disbursements in the solar financing business reached ₹5.5 crore in October 2026.
The company is targeting monthly solar financing disbursements of at least ₹10 crore by January 2027, indicating plans to scale this business over the coming months.
The solar lending expansion forms part of Moneyboxx Finance‘s broader strategy to diversify its lending portfolio beyond its traditional micro and small business customer base.
October’s total disbursement figure is provisional, while the ₹500-600 crore H2 FY27 disbursement target, ₹1,100-1,200 crore March 2027 AUM target and ₹10 crore monthly solar lending ambition represent management’s expectations.
