Questions across 6 calls

Chandrasekhar Sridhar

Fidelity International

Five-Star Business Finance Limited

Five-Star Business Finance Limited CC-May26.pdf · 2026-04-29

Hi, good morning. I had a few questions. One, if you see the composition of the growth, a large chunk of the growth has come from the non-South markets this year in the AUM. Just maybe some geographical sense around different markets. I mean , AP has been notably weaker this year. Anything around that? that's my first question. Second, you had briefly, sometime in the middle of last year, said that you looked at affordable housing or getting into vehicles. I mean, where does that fit into your scheme of things at this point in time, maybe over the next one to two years? Third question, to get to about 20%-ish AUM growth, we need about INR6,200 crore, INR6,300 crores of disbursements, which means that we need to step up to INR 1,400 crore, INR1,500 crores from the first quarter itself where typically it's weak. So, how do you just think of that? Fourth, just how much more is left in terms of cost of funds to drop? Obviously, this quarter, a lot of the borrowing happened via the ECB, so the incremental borrowing was largely ECB, so that's why we didn't see that. But just any more medium-term sense on how much more the cost of funds can drop? And then the very last question is that asset quality is beginning to improve, but you're still holding on to somewhat similar credit cost level. Is this because we're trying to up the coverage on some of the lower stages? I mean, the background also has been that RBI has now prescribed a minimum floor, even 5% on Stage-2 for banks, and our Stage -2 coverage is lower than what the RBI prescription itself is? Thank you.

Thank you.

Five-Star Business Finance Limited CC-Jun24.pdf · 2024-08-01

Few questions. May be just on the business growth, Tamil Nadu is now down to about 20% per annum. If you just take us through what's happening in Tamil Nadu, I mean, the bulk of the delta is actually coming from Andhra and Telangana. So, any particular change? I mean, I can see there is a competitor NBFC, which has also started off in a fairly large way in this space, a larger NBFC. Just thoughts around that whether it's, you know, and that's their home market, whether it affects the competitive positioning over there. And MP was basically a market also where we had gotten a foothold, but it's sort of growing it where the company is growing at. Is there any particular challenges which you face? That's question one. Second, two questions for Srikanth. One, I think there was an expectation that the cost of funds would go up marginally because you are diversifying into NCDs, and you need to pay up a little more because you are not getting your tenors. It's not going up. So, just maybe take us through what's there. And then lastly, we have now crossed 10,000 crores. We will be having conversations with rating agencies around the ratings upgrades and what i f any potential implications on the cost of borrowing?

There is no competitive intensity being higher impacting in any ways.

Can Fin Homes Limited

Can Fin Homes Limited CC-Mar24.pdf · 2024-04-30

Hi. Good evening. I have a few questions. One, Suresh could you just help us directionally how do you see the mix between salaried and self -employed moving over a period of time. I'm just started dropping, it's moving a little more in favor of self -employed in the recent past. So anything to read into that? And directionally, how we want to move that. And could you just help us what's the yield differential right now on your average salaried book versus the self-employed book? And as we basically started d oing a little more larger ticket sizes, do you think that -- I mean, given that yield may be a little more competitive over there, spreads sort of become a little more competitive that naturally the business basically does be a little more self -employed ov er a period of time to retain that 3.5% NIMs? .

Got it. And directionally, this is not -- I mean this largely 70-30-ish should not become like 60- 40 over a period of -- I mean like 3, 5 years, it's not directionally the way of thinking.

Shriram Finance Limited

Shriram Finance Limited CC-Mar24.pdf · 2024-04-26

I have few questions. One for Parag, you sort of mentioned that interest cost would be causally flat. I do notice though you have increased FD rates recently. So, just far and given that it ’s a reasonable chunk of our borrowings, maybe just some thoughts on how did it result in interest cost being constant? Second, another question for Sunder. Maybe could you share the write -off number for the quarter ? And then for Umesh. Can you share a few thoughts around price versus volume in the CV segment. How has been that this year? How do we see that moving into the next couple of years in terms of the CV business? And because at some point in time, the BS -VI vehicles will start coming into our portfolio, which should result in some level of step -up in pricing. So, just curious to see why you are still guiding for 11%, 12% only because my understanding is that BS -VI eventually starts getting into our portfolio by the latter half of this year?

Is it fair to say that the volumes actually were down this year. Basically, the growth is largely utilized in them because if you say being a 25% increase in price over the last couple of years, it means that bulk of the AUM growth essentials is pricing, which is coming of the vehicle?

Shriram Finance Limited CC-Sep23.pdf · 2023-10-26

If I were to look at your yields on advances over the last 12 months, this time last year you were carrying 5 months of liquidity, now down to 3 months of liquidity and obviously the businesses mix has shifted with some of these personal loans picking up pretty substantially, MSME, but it seems that adjusted for that there has been no, on the individual product basis basically you had not taken up yields in an environment where we have had a very substantial rate hike cycle in this entire period, on an individual product basis, are we finding it tougher now to take yields to where they were earlier or what we used to do earlier?

So, essentially it means that there is competitive pressure , competition is basically making you keep yields where they are like-for-like even in ……..?

Home First Finance Company India Limited

Home First Finance Company India Limited CC-Sep23.pdf · 2023-10-27

After the start of the rate cycle, our borrowing costs are up 90 to 100 basis points. And just curious to understand the marginal cost of borrowing basically for the last couple of quarters except NHB basically has not really changed. Whether the entire cost of fund is showing up in our books right now because the marginal number has not changed. It seems the increase in rates has been much higher, but it's not showing up in the book?

Understood. the 525, which you have always said just in terms of spread bets will pretty much stay what you're working with because spreads are still holding up reasonably well.