Stockrabit · Analysts
Questions across 27 calls

Chintan Shah

ICICI Securities

CREDITACCESS GRAMEEN LIMITED

CREDITACCESS GRAMEEN LIMITED CC-May26.pdf · 2026-05-08
So again, harping on this guidance part, particularly on the AUM growth, so 20-25% is the AUM growth guidance, of which, what kind of growth are we building from the MFI and non -MFI portfolio, if you could just help on that? And what would be the yield differential between MFI and the non-MFI the retail or other parts of the portfoli o? What would be the yield differential there?
Understood. Fair enough. And this question, again, MFI growth would be around probably other growth or other sectors are expanding. But also, for MFI, what incremental disbursements for FY27 or for FY26, how much of the incremental disbursement was towards the new customers and towards the existing customer? What would be that share?

Poonawalla Fincorp Limited

Poonawalla Fincorp Limited CC-May26.pdf · 2026-05-05
Thank you for the opportunity and congratulations on another strong quarter. Sir, firstly, on the yield, we have started giving the disbursement yield range. So, sir, could you help me with what would be our disbursement yield for the quarter and what would be our book yield for the quarter? Just trying to understand the difference between the disbursement yield and the book yield. That's the first one. And secondly, on asset quality. The asset quality has been continuously improving. But given the geopolitical situation, do we envisage any risk to that ? And particularly, are we looking at making or did we think of making any overlay or provisions just to strengthen our provisioning in terms of any risk if it emerges, given that we are also almost 50% portfolio is uns ecured. So, in that context, yes?
That is very detailed. And so, sir, just one last question, if I could squeeze in. In terms of this 6MoB30+, it has been continuously on a declining mode, and that is around 1.05%. So, what could be a steady state number here that we would be looking at , probably at which level it could settle down?
Poonawalla Fincorp Limited CC-Jan26.pdf · 2026-01-16
Yes. T hank you for the opportunity and congratulations on the strong set of numbers and crossing the 1% ROA mark. So, my first question is on the asset quality. So, if I look at the provision coverage ratio for Stage-1, stage 2, as well as Stage-3, it has been coming off since the last four quarters. Since December 2024, the Stage-3 PCR is almost down 10% to 48% now, versus 57%. The Stage-1 and stage-2 PCR combined is now less than 1% versus 2.8% a year ago. So, considering that 44% of our boo k is currently still unsecured, where do we see this number settling on a steady state basis? Yes, that is the first question.
Sure. So, in terms of a steady state, so something around 50% PCR on Stage-3 could be considered from a one year or two year perspective?

Aavas Financiers Limited

Aavas Financiers Limited CC-Feb26.pdf · 2026-02-05
So yes, on the disbursements, again, we are guiding that it would be 25% run rate driven by the branch expansion and a couple of projects which we have implemented which is the kind of transformation projects and due to inflation. But so just on, asking in a different way, what could be the risk which could lead us to not achieve this? Do you envisage any risk? Or what could be the probable risk, which could lead to a miss on this number, if any, which you could think of right now?
Sure, sir. So , nothing related to the competition or assets, probably interest rates movement, probably that could be a deterrent to this growth, right?

HDB Financial Services Limited

Capri Global Capital Limited

Capri Global Capital Limited CC-Jun25.pdf · 2025-08-05
Congratulations on great set of numbers. So just firstly, on basically the asset quality sir, as you mentioned the GNPA is likely to be below 2%, and NPA below 1.2%. So, like given that some lenders have already flagged some risk on the MSME portfolio, so what gives us the confidence? And if you could just throw some light on the collections part as well? How are the collections panning out? Yes, that's the first question, please.
Sure. This is quite helpful. And also, sir, secondly, on the AUM growth. So we have guided for around 30% in AUM growth for FY '26. But on a steady -state basis, probably over the next 2, 3 years, could we assume a similar t rend here or are we looking to moderate the growth post '26? On the growth front, how should we look at it?

REC Limited

REC Limited CC-Jun25.pdf · 2025-07-31
So sir, one question on the competition front. So now with a steep rate cut of 100 bps over the past 4, 5 months. So how do we see the competition from the banks, particularly on the refinancing side for the commission projects? And also due to this, do we anticipate some pressure on our yields? So yes, that's the question?
So that was the question -- only question. So basically, I just wanted to understand more on the competition and will that be impacting any growth. And also now, also in terms of our borrowings, so how much of that would be floating in, which would get the benefit of the rate cut? And on the yield side, how does the repricing happen? Is it an annual reset or 2-yearly reset or how does it work, yes?

JM Financial Limited

JM Financial Limited CC-Mar25.pdf · 2025-05-13
Thank you for the opportunity and also congratulations on the quarter. Just adding on that AIF, private equity syndication business which we are talking about. So, given that now we won't be doing that wholesale lending, wherein we have a strong connect, b ut we will be doing that business indirectly via this syndication business. So, how big can the total AUM via syndication be over the next two years? Any thoughts on that? So basically, I just want to understand how much can it add to the bottom line in terms of fee income and given that the cost is very limited, it could add to the overall profitability of the group. So, firstly, I just wanted to get some thoughts there.
So, sir, if I just understood it correctly, so basically just hypothetical a s you told 50 billion of equity and 50 billion of debt. So , basically, assuming a Rs. 10,000 crores book, so half of it would be funded by us and half would be via syndication. Is that a correct understanding?
JM Financial Limited CC-Dec24.pdf · 2025-01-29
So firstly, on this ARC business. So, I think we had some good recovery from the ARC business for this quarter of around INR1,129 crores recoveries were there. So, what would be this recovery largely from? And secondly, I believe the ARC is now a d efocused business. So incrementally, we won't be adding much assets to this pool, right? Is that the right assumption?
Sure. So just - how much could be the - so for example, when you told that Unitech we have a security of around INR2,000 crores So how much will that turn into profitability since even after recovering around INR1,129 crores, it doesn't seem to flow on the bottom line. So how do we read that, yes? Is that a part of wholesale business? Or how is it?
JM Financial Limited CC-Sep24.pdf · 2024-10-25
Congratulations on very strong set of numbers, especially on the Investment Banking business. I have 2, 3 questions, sir. Firstly, on the capital allocati on plan. So now we are expecting a rundown of the wholesale book and the rundown has been quite steep even in this quarter. So probably over the next 1 or 2 years, we could see a cash flow of around INR3,000 crores to INR4,000 crores odd. So apart from the repayments, what would be the surplus cash, which we would be left with and any thoughts of how that allocation would be done apart from the once the transaction is complete?
Sure. So that is quite clear. So basically, now we are moving from the wholesale lending to the other venues of lending, right broadly?
JM Financial Limited CC-Jun24.pdf · 2024-08-07
Yes. So sir, firstly on this book rundown, which we are talking about. So here, can it be presumed that the rundown will largely be from the wholesale lending under the JM Financial Credit Solutions. So now by June 2026, we can presume that there will be no chunky outstanding wholesale loan accounts which would be outstanding. Can that be fair assumption to make?
Sure. Sure. Understood. So -- but this is no longer a focus area that we can at least say the wholesale lending business.
JM Financial Limited CC-Mar24.pdf · 2024-05-27
So, just a broad question from my end. So, considering that we have kind of shifted a little on our strategy on the mortgage lending to going off--book versus on--book, so would it be fair to say that probably now , from the four business segments which we operate, our focus over the next two, three years would be more on the AWS and investment banking and from the retail and from the lending only the retail lending wherei n wholesale mortgage and ARC would be a less of a focus? Is that a fair thing to say?
That was quite helpful . And so, sir, secondly on the retail lending piece , so we have seen an exceptionally strong growth in the retail lending and that is over the last one or two years that the book has been built from scratch to a very sizable size now . So, sir, what is the kind of sourcing mix? Is it completely in-house or are we doing it with the help of th e DSAs and also are we leveraging or doing cross -sell to our existing customers from the retail brokerage ? So, how does the sourcing work? Any thoughts on that would be helpful.

Aadhar Housing Finance Limited

Aadhar Housing Finance Limited CC-Dec24.pdf · 2025-02-06
Congratulations on good set of numbers. So sir, firstly, on the margin, just to again come on the margin front. So what was the disbursement yield for the quarter, if you could just give that number and as compared to the previous quarter also, please? Rishi Anand So quarter 3 -- as the current quarter, disbursement yield, Chintan, was 13.6%. And for the year, YTD is 13.54%. You wanted the previous quarter also last year, right, which was 13.53%.
So basically, our overall portfolio yield is 13.9%, incrementally we are at 13.59%. So probably there is some chance of a slight decline in the yield. And the rate cut probably can we expect some further cut in the yield, sir?

LIC Housing Finance Limited

SBFC Finance Limited

SBFC Finance Limited CC-Dec24.pdf · 2025-01-27
Congratulations on the quarter. Sir, as you mentioned sir, we have tightened the underwriting standards at the beginning of the year. So, probably would there be a case of relaxing the same and how far that would be as of now? What could be the triggers for relaxing those standards? So, any thoughts there?
Sure. So, the main parameter would be the consumer leverage sir, so if that probably cools down a little bit, then there could be some relaxation, is that correct or not?

Aptus Value Housing Finance India Limited

Aptus Value Housing Finance India Limited CC-Jun24.pdf · 2024-08-02
So, just to drive on the Tamil Nadu. So, sir, I think the growth rate has been slow relative to the overall growth for us. So, if it is due to attrition, then probably it would be a normal case, and it won't be extended. But it looks like this slowdown has been now extended. So, is there anything structural reason to it given that it is also our oldest state and the biggest state for us?
So, you told that there are 2, 3 clusters, which are pending. So, there are some measures to be taken with regard to attrition or is there anything else?

Home First Finance Company India Limited

Home First Finance Company India Limited CC-Jun24.pdf · 2024-07-26
Just wanted to understand, so now if we move further now going down the line 2 -3 years from going to 100 billion to 200 billion, so how would the growth dynamics be, so now also more or less it to be sourced via connector model or continue with the lean branch structure or in the new geographies would we be also expanding our branches, for example if we see in the new geographies that you are expanding in UP, MP and Rajasthan, the players which are already present there are the leaders. They are mostly expan ding via the branch network. They have a very exhaustive branch network in those areas. So, would we also go via the branch model or the connector model? And secondly, on the technology piece. I think we are very well developed on the tech piece, but so if we want to double our AUM, so would the current tech investment suffice or would there also be some one-time CAPEX expense to be taken there?
Just one more bit on the spread. On the cost of borrowing, so assuming say there is a rate cut in the next 12-months or so, so how are we placed on the cost of borrowing side due to a rate cut, how much beneficial would it be or how much percentage of a b orrowing would be on the floating?