Questions across 3 calls

Ankit Minocha

Adezi Ventures Family Office

PNB Housing Finance Limited

PNB Housing Finance Limited CC-Dec24.pdf · 2025-01-21

My first question is with regard to a hypothetical rate cut situation, which in earlier participant was alluding to. So, you mentioned that there was 10 bps reduction in the cost of funds with every 25 bps rate cuts, so just wanted to understand is there also a lag involved in this? How quickly are you able to price your assets or how slowly are you able to price your assets versus your liabilities?

So, then would not even be the possibility of any expansion in NIMs for a short period of time, right?

Natco Pharma Limited

Natco Pharma Limited CC-Sep24.pdf · 2024-11-13

Congratulations on a fantastic set of numbers. Just looking at Q3 for last year. I think Q3 for last year was sequentially a lot weaker versus Q2 of last year, but then much stronger Y -o-Y with over 50% top line growth. So from what you're saying on the ground currently, should we expect a similar trend for Q3 this year in terms of strong Y-o-Y growth?

Sure. Sure. And secondly, just a general understanding about the industry, the generic industry in the U.S. I mean last year was good in terms of the pricing environment. But are we seeing any acceleration of pricing erosion in the U.S. market is now start ing to come in this year? Or do you feel the pricing environment is still pretty stable?

LIC Housing Finance Limited

LIC Housing Finance Limited CC-Sep24.pdf · 2024-10-29

My first question is an extension of the repo rate cut question from one of the previous participants. So I mean, considering that you mentioned that the liability pricing transfer is immediate at the end of the current month, whilst the asset transfer happens in the first -- on the first of next quarter, then does that mean that we would have tailwinds for margins for this period of a rate cut? Or would it be headwinds for margins for the period of the repo rate cut?

Right. And this timing that you speak about, say, if I look at from a more immediate timing perspective, say, 1 or 2 -- 1 quarter only, for example, then in that case, in that one particular quarter when the rate cut happens, then you would see some sort of a margin expansion and then that would kind of peter out later on, is that correct understanding?