Moneyview (MONEYVIEW) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 disbursals reached ₹7,701 crore, up 41.3% YoY; managed AUM was ₹23,892 crore, up 28.4% YoY.

• FY27 guidance targets at least ~40% top-line growth and PAT above ₹800 crore.

Financial highlights

• Consolidated Q2 total income was ₹11,456.20 million, up 42.4% YoY and 7.6% QoQ; PAT was ₹2,007.18 million, up 169.1% YoY and 15.6% QoQ.

• Consolidated Q2 revenue from operations was ₹11,201.79 million; profit before exceptional items and tax was ₹2,691.52 million.

• H1 FY27 consolidated revenue from operations was ₹21,612.92 million and net profit was ₹3,745.14 million.

• Pre-tax margin increased to 23% of total income from 21% in the prior quarter; management cited partnership margins, lower NBFC funding costs, credit costs and efficiency.

Outlook and guidance

• Management expected growth momentum to continue through H2, with healthy margins and further expansion from 23.5%.

• Annualized credit cost target is below 5%; the Q2 level was 4.94%, with management expecting it to remain near that level for the rest of FY27.

• ROE was expected to move closer to 30% once IPO equity is deployed; normalized ROE was reported at 31% versus 29% previously.