Stockrabit · Analysts
Questions across 2 calls

Aditya Yadav

Transient Capital

Cartrade Tech Limited

Cartrade Tech Limited CC-Feb26.pdf · 2026-01-28
Congratulations, sir, on a great, great execution. Congratulations to the team as well. My question so yes, this has been talk of the town, but my question was regarding the AI wave. And so there are 2 parts to it, sir. One is there like, there was talk of threat of disintermediation where like the site visits go down hypothetically where the LLM itself generates the answer to the query of the user. And the second part was the use of AI tech within the company itself. So I would ask you to like provide color on both the sides. And with the first part, we are seeing some evolving models globally also where they are the data owners like us are moving into a licensing agreement with the LLM organization where you are charging a licensing fee of that sort and not providing unlisted access. And we are seeing some of those kind of models evolving. And so yes, I would urge yo u to provide color on both things like outside the organization and inside the organization both.
Understood. And sir, regarding the consumer group, what other optionalities you see that you've been talking about like going deeper into the user journey, facilitating loans is one such part of that. And do we see other optionalities also in the business where we could be trying to get a larger revenue share of the user car buying journey

Multi Commodity Exchange of India Limited

Multi Commodity Exchange of India Limited CC-Feb26.pdf · 2026-01-27
Congratulations to the management team. It's been a great execution in the past few quarters and plus the market conditions have also been providing a sort of tailwind. So yes, great quarter. My question was mainly on the dividend front. Any, I mean, plans or discussions to probably increase the dividend payout ratio as a percentage of net profits because I suppose now as the volumes have taken off and everything. So, we have a lot of free cash flow generation and probably taking in the technology investments also, which we've spoken about will be required. But again, beyond that also, we have a lot of free cash. So, I mean, what are the thoughts around that?
And my second question is on the margin front. Do we see further operating leverage in the business as our volumes, they continue to scale up. And as you've mentioned, that at least in the near term, you see the momentum on the volumes and the client codes going up to continue? Do we see more operating leverage?