Stockrabit · Analysts
Questions across 6 calls

Abhijit Tibrewal

Motilal Oswal Financial Services

Home First Finance Company India Limited

Home First Finance Company India Limited CC-Jan26.pdf · 2026-01-23
Good quarter. First of all, thank you so much for kind of reiterating towards the end of your opening remarks that you don't have any plans to move out of Home First. I think that is very reassuring. And like you said, we also kind of used to get questions around the co ntinuity and your plans. So, first things first , thank you so much for that. Now, moving to business, very clearly, I think disbursements are starting to pick up. But I have two questions here. First thing is, disbursements, while they have improved sequentially, maybe they are still a sha de lower than what we were expecting or penciling in. So, what is it that is leading to this? Is it a higher competitive intensity? Or was it in the nature of, I would say, some weakness in asset quality that we were seeing until last quarter, which was making us go a little conservative on more businesses and disbursements? If you could explain that. And the other thing is, now that asset quality looks like stabilizing , your 1+ has actually improved sequentially, 30 + is now stable. And so, to that end, are we getting higher confidence to start accelerating the business from here? And we have already put out in the press release that next year, we will look to grow at 25% Y- o-Y. For the 4th quarter, at least what are the internal targets that you are working with?
I was just saying that this spillover of MFI stress, like you mentioned, at least in affordable, is coming to an end. So, just trying to understand in your detailed comments, you spoke about 3-4 states, where we are seeing things improve. Gujarat, you mentioned, the impact of tariffs, which was earlier anticipated, I think Gujarat has successfully managed it, Gujarat being one of our top states. So, just trying to understand, at least this increase in bounce rates, that doesn't bother us, right? I think that is a little bit more of a behavioral problem, right rather than of an asset quality issue?

LIC Housing Finance Limited

LIC Housing Finance Limited CC-Mar25.pdf · 2025-05-16
Just two questions while you have articulated a lot around how you're looking to grow, what margins you're wanting to maintain this year. First thing first, just trying to understand -- I mean, first of all, I mean, congratulations to Mr. Mundhra for resum ing this role of CFO. And that's where my question was, what has prompted this change in the CFO. I mean the CFO that we had earlier, right, that he has resigned or moved on, he still with us in the company. So a, what is the thought process around this change at the CFO level? That's the first question I had. And the other thing that I wanted to understand is, I think, I mean, last year, if I look at FY '25, I personally take a lot of heart from the improvement in asset quality that we have demonstrated, which led to benign credit costs. We also know that you've been working a lot on resolutions on some of the exposures. And I think I remember somewhere media maybe -- appeared earlier -- media earlier where you guided for some recoveries in project loans this year. So just trying to understand, I mean, a, how should we look at asset quality going ahead? And what is your as sessment of credit costs for this year?
Got it, sir. And just one last data keeping question. In every earnings call, we share the segment- wise Stage 3 numbers. So if you could just share that.

Muthoot Finance Limited

Muthoot Finance Limited CC-Sep24.pdf · 2024-11-14
Sir, first of all, congratulations on a strong quarter. I also had a few questions that I wanted to ask. Sir, first thing is first, I mean, on 30t h September, as you recall, RBI has come up with a circular on gold loans. So just trying to understand, are there any items from that circular which were relevant for us and there you're working with the regulator on some of those items?
Sir, secondly, just trying to understand earlier on the 5th, one of your gold loan peers had reported their results. And they had also shared in their earnings call that this week, you had a meeting of your gold lending association with the regulator where you were planning to discuss some of the open items from that circular. So has that meeting happened and any takeaway s from that meeting in terms of clarifications from the regulator?

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited CC-Jun24.pdf · 2024-07-29
Congratulations, Ravi sir. My first question is for you. How should we look at opex not just in the near term but slightly, I mean, over the next 2, 3 years, why I ask this is, I mean, we have led out new businesses, which are doing well. And I'm sure, I mean, they are in the investment mode. Just trying to understand over the next 2, 3 years, I mean, then maybe you'll kind of look at a few more product lines. By when can we expect this investment mode to get over and we kind of transition to improvement in productivity, as to say?
Okay. Ravi sir, I mean, is it fair to say that maybe in another 2 years' time, we should even start seeing an improvement in our ROA profile, PBT-ROA profile, not just some margin expansion but also from improvements in opex?

Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited CC-Sep23.pdf · 2023-10-27
Yes. So just wanted to understand on the credit cost side enough and more has been discussed already. But if I just look at the write-off number broadly around INR 310 crores last quarter; INR 350 crores, this quarter. When can we expect this number to kind of start tapering off, given that we talk about a very healthy Stage 2 and Stage 3. Do you think run rate in write - off will sustain here? Or is there a reason to believe, given that Mr. Iyer also talked about the fact that there could be potentially a time where we could even get to 1.2% credit costs once the new book that we're building becomes a respectable proportion o f the book. When can we expect these write-offs to kind of start tapering off? And then so a related question is that, I mean, by the asset quality per se has improved, why is it that you're not seeing the provisioning coverage ratio kind of come down because I think the provisioning coverage ratio should be more a function of the underlying asset quality rather than per se, the slippages that we see during the quarter.
Got it. Sir, and just one last question. I mean first one is a follow-up to what you've answered that in your internal estimates, I mean I don't want you to put out a number to it. But I mean, how soon can this ECL by EAD, which is 4% right now, start tapering down towards 3.5%. That's the first question. And the last question for Mr. Vivek Karve. Sir, while we are for NIM expansion of 6.6% to 6.8% by the end of the year, just wanted to understand, given the fact that -- I mean something...