Stockrabit · Analysts
Questions across 7 calls

Aejas Lakhani

Unifi Capital

Redington Limited

Redington Limited CC-Sep24.pdf · 2024-10-30
Congratulations team on very solid execution in the quarter. Krishnan, my first question is that sequentially there has been, if you look at the delta of revenue, a large part, about close to 50%, is coming through mobility solutions, which, as we know, ha s lower gross margins and lower working capital days. Is this the sole reason for the working capital reduction that we have seen in the business? That's question one.
Sir, my second question is on the slightly lower gross margin than anticipated. So could you call out that is it due to the weakness in demand, which is like you had called out last quarter, transient on the enterprise side? Or is it that the mix is a litt le on the lower side because of the nature of the large proportion deals that you have picked up this quarter? And how should we see the gross margins for the next -- for the second half of the year?
Redington Limited CC-Jun24.pdf · 2024-08-01
Hi, team and credit to you and the management for having delivered in what seems like a tough quarter. Mr. Krishnan my first question is that in the last quarter we definitely called out that margins were at bottom on we should see improvement. So how should one read into this slightly weak EBITDA? I know you tried to call out the macro, which has been relatively weaker. But having said that, how should investors sort of expect the margin recovery at an EBITDA level in the rest of the world?
And, sir, for FY '25, how should we think about margins? Because 2.3% to 2.5% is the slightly long-term range that you intend to achieve. But how should we look at it for the year?
Redington Limited CC-Dec23.pdf · 2024-02-07
Sir, couple of questions. The first one is that just given that seasonally, mobility is a strong quarter, and you have curtailed your OpEx and employee costs very well and as per what you have been guiding for the last 2 quarters. Is it fair to assume that in the next quarter, we can see an EBITDA margin improvement as the lower yielding mobility business share reduces and the other segments improve?
Got it, sir. Sir, the next question is, could you just provide some growth outlook in India and overseas for FY '25, both from an enterprise segment as well as mobility or consumer segment?

Kfin Technologies Limited

Kfin Technologies Limited CC-Dec23.pdf · 2024-01-29
Yes, hi Sr eekanth. Congratulations to the team on the numbers and thank you for the detailed explanations. Two questions, one on international and one on domestic. The international question is Sreekanth, thanks for clarifying that the yield that your partner charges 8 bps to 18 bps and you're charging 5 bps to 6 bps. So, we understand that scope and what I've understood from your previous calls and this one is that the mid to boutique are the ones that you're chasing directly whereas the larger ones you are chasing through a custodian partner etcetera. So, I just wanted to understand that is there a specific conflict that arises because the custodian is like, okay you're going direct, and will you come after my lunch is there any sort of a conflict in that? And also, specifically a big the international piece AUM de-grew this quarter for about 3% to 4% whereas the AI F piece, AUM grew 8 , but revenues declined 3% sequentially . So, could you just explain that specific aspect as well? That's on the international.
Got it this is very clear. I think this is what you were alluding to when you said the controllable components of the income, this is clear. Thank you for that. And the second is on the domestic business, Sreekanth is -- how is the competitive landscape shaping up? Could you speak a little bit about that as competition in lieu of , the stance that you have taken and the investments you are making has that landscape shifted changed your comments about it, and what in your opinion are the keys risks to KFIN's business today? Thanks.
Kfin Technologies Limited CC-Sep23.pdf · 2023-10-23
Yes, hi. Congratulations on a good set of numbers. Sreekanth, could you just spell out that, you know, some of the wins that you have had in the international geographies. You mentioned that, you know, Singapore client will also go on-stream. Malaysia is also in the process. So I just want to get the sense that, are these all under that one -time charge before they move to the recurring basket?
That's wonderful to hear. The next one is, if you could just quantify that you've been making significant tech investments ahead of the curve, like you've spoken about even in your initial remarks. So what is the quantum of investments we have made for th e year? How should we look at it for the rest of the year? And how should we think about this number in the year ahead?

Cipla Limited