Stockrabit · Analysts
Questions across 13 calls

Devesh Agarwal

IIFL Capital

HDFC Asset Management Company Limited

HDFC Asset Management Company Limited · 2026-07-15
Congratulations on a good set of numbers. Sir, my first question is on the debt AUM. We have seen a 6% Q-o-Q decline and even the closing AUM is lower by 3%. So, what exactly has happened? Why are we seeing such a strong outflows in the debt schemes?
Okay, sir. And second, sir, if you see on a blended basis, we have seen a marginal uptick in the yields for us. Is this purely because of the product mix? Or is there any other reason also? And has there been any impact of the new TER regulations, which went live from 1st of April?
HDFC Asset Management Company Limited CC-Jul26.pdf · 2026-07-15
Congratulations on a good set of numbers. Sir, my first question is on the debt AUM. We have seen a 6% Q-o-Q decline and even the closing AUM is lower by 3%. So, what exactly has happened? Why are we seeing such a strong outflows in the debt schemes?
Okay, sir. And second, sir, if you see on a blended basis, we have seen a marginal uptick in the yields for us. Is this purely because of the product mix? Or is there any other reason also? And has there been any impact of the new TER regulations, which went live from 1st of April?

Multi Commodity Exchange of India Limited

Multi Commodity Exchange of India Limited CC-May26.pdf · 2026-05-11
Firstly, congratulations to the entire team for a great set of numbers. Ma'am, my first question would be there was a consultation paper, which talked about allowing FPIs into gold and silver contracts. So one, if there is any update you can give us? And secondly, what is the contribution that we have from FPIs in the energy products, that is, crude oil and natural gas?
All right, ma'am. And secondly, ma'am, if hypothetically, if we were to say that regulator allows colocation in commodities, in what time we'll be able to roll out these services to the traders? What is the preparedness that we have to introduce colocation services?
Multi Commodity Exchange of India Limited CC-Nov25.pdf · 2025-11-07
Thank you for the opportunity, everyone, and c ongratulations on a good set of numbers. My first question is continuing on the tech issue. So, could you help us, one, understand better what exactly was the issue that happened and whether it was a platform problem? It was from the TCS side or whether it was an operational challenge that we faced and what exactly have we taken -- steps taken to rectify that? And is the trading now moved back to the main site? Public
Right, ma'am. And the fact that this has happened the second time, the technical glitch that on our platform in a gap of 4 months, did you have any discussion with the SEBI and any sense that you can share with us what is the view that SEBI is taking? Are we expecting any penal order from them? Where are the dialogues with SEBI in this regard?
Multi Commodity Exchange of India Limited CC-Jun25.pdf · 2025-08-04
Good afternoon, everyone, and thank you for the opportunity. Firstly, congratulations on a very great set of numbers to the entire team. The two questions, ma'am, that I have. First is basically, there was a delay in commencement of trading on one of the days. So just wanted to understand what exactly the issue was in terms of why the delay. And secondly, has there been any regulatory steps being taken up by SEBI in this particular instance? And are we expecting any penalty from SEBI for thi s?
Sure. And the second question is on the expenses. So, although the growth in the revenue is very heartening. But the margins we were expecting it to be higher than what we have actually reported. And per se, I see that the employee expense and SGF expense has been higher than the expectation. So, anything particular one-offs in the quarter? Or do we expect that the expense run rate will likely remain high going forward as well? And also, the EBITDA margin that we have reported in this quarte r around 65-odd percent, you think this number is sustainable? Or going forward, we may see some decline with the increase in the cost? That would be my last question.

Computer Age Management Services Limited

Computer Age Management Services Limited CC-May26.pdf · 2026-05-05
Firstly, sir, just on the margins, you did mention you don't see any significant yield pressure, but you also said that the new TR regulation for some of the large AMCs are underway. So if this were to kind of fructify, the impact will be retrospective starting from 1st of April. Is that correct or this will be more like a retrospective starting from 1st of July?
Understood. And in terms of opex, will this be another year, where you will see a single -digit growth in the opex, especially in your employee cost, we see that the growth has only been 5%. And Anuj did mention that this time, the re could be a reduction in the headcount on an overall basis. So are we looking like another year, where the growth will be less than 5% in the employee cost?
Computer Age Management Services Limited CC-Jan26.pdf · 2026-01-23
Sir, my first question would be on the MF yield. Could you share if there are any major AMCs which are coming up for renewal over the next 18 months?
Right, sir. And sir, secondly, you recently won the mandate for Carnelian mutual fund. Could you just talk about how the competitive intensity is around the new -- around the -- basically for the winning the new mandates, how has been the competitive intensity? Is it coming down? Or is it still the same?

Indian Energy Exchange Limited

Indian Energy Exchange Limited CC-Feb26.pdf · 2026-01-30
Thank you for the opportunity Sir. First question again on the market coupling case. If you could help us understand, does the case now boils down to whether the process was followed while the implementation of market coupling rather than the market coupling regulation itself? What are we kind of doing in the APTEL? Is it the process that we are challenging or just the whole regulation?
There was one round of public comments that were invited on market coupling. So, you're saying for the regulation, again, CERC is required to do that.

Central Depository Services (India) Limited

Central Depository Services (India) Limited CC-Aug25.pdf · 2025-07-28
Good afternoon, sir, and thank you for the opportunity. Firstly, I just wanted to understand on this unlisted space, what would be the total number of companies which are eligible to be converted to be dematerialized? And how much of that would have been done by the end of say FY ‘25 or 1Q FY ‘26?
But can we say that the regulation when they came, a larger number of companies would have converted by now and incrementally companies would convert as and when they are required?