Stockrabit · Analysts
Questions across 27 calls

Devesh Agarwal

IIFL Securities

JK Cement Limited

Computer Age Management Services Limited

Computer Age Management Services Limited CC-Dec24.pdf · 2025-01-30
Thank you for the opportunity. My first question is on the yield that you mentioned about. So can you just clarify whether this is limited to 1 or 2 clients or this is slightly more broad-based?
Okay. And historically, you have always mentioned for a 20% AUM in growth, one should assume a 15% kind of a revenue growth. So in that parallel lines, if you can quantify for a 20% AUM growth, what could be the revenue growth that we should be assuming, post these changes in the yield?
Computer Age Management Services Limited CC-Jun24.pdf · 2024-08-05
Congratulations on a great set of numbers. I just wanted to dwell a little bit more on the non-MF business and continuing with the alternate question. So as you also acknowledged that this quarter, the growth was slightly subdued. So just wanted to underst and, are there any onetime implementation fee that we generally have and that can lead to quarter -on-quarter volatility? That is one. Second is basis your revenue model where you said it will be on the number of investors. Do you get any benefit if additional capital is drawn from the existing set of clients? And lastly, what is the expected growth for this particular segment that you think you can achieve?
Perfect, sir. That's very clear. Secondly, sir, on account aggregator. All those very heartening to see on a sequential basis, we are gaining market share. But in terms of volumes and revenues, your expectation, say, for the year FY'26, some sense if you can give us on that?
Computer Age Management Services Limited CC-Mar24.pdf · 2024-05-10
Many congratulations on great set of numbers. My first question is on the mutual fund business. We see that there's a 2.3% sequential decline in the yields for a 10% growth in the AUM(37.30mins), and this is despite the 200 basis points increase in the equ ity share of the AUM. So just wanted to understand it better is this you think the new normal run rate for a 10% increase in the AUM that we should expect or were there any adjustment in 4Q that led to a slightly higher moderation in the yields?
Understood, sir. And secondly, sir, wit hin the mutual fund non -asset based revenue has been growing in line with the asset -based revenues at least for the FY'24. So do you expect this to continue that the growth in the non-asset based revenues will be similar to what we're seeing in asset-based? Or this is expected to slow down, given that there's an increase in digitization of transactions and the revenues from paper-based will go down?

Indian Energy Exchange Limited

Indian Energy Exchange Limited CC-Dec24.pdf · 2025-01-24
Good Afternoon Sir. And congratulations on a good set of numbers. Sir, my first question is basically, if we see the volume growth in the quarter, and I'm talking about sequential growth, we see that the DAM segment has seen a 17% growth on a Q-o-Q basis, while RTM has seen a 13% decline. Now is there any particular reason why we have seen a decline in the RTM because that has been structurally growing quarter after quarter. And this quarter, we are seeing this anomaly.
Right, Sir. Right. And secondly, Sir, if we talk about the DAM segment per se because you have seen an overall decline in the clearing prices, and I think these are at a 2.5 -year low. Is there a way to quantify what would be the replacement demand that you have seen in this quarter?
Indian Energy Exchange Limited CC-Sep24.pdf · 2024-10-25
Good afternoon sir and thank you for the opportunity. Firstly, a gain on continuing on market coupling, if you could help us understand whether this URS power that has been coming into the RTM market, in any way does that kind of bring down the benefit that could have possibly come out by coupling the SCED with RTM market or it doesn't impact?
Understood, sir. And secondly, sir, if we see the numbers for October, you said there is some growth. But if we see for our numbers in the month of October, we are seeing that there is a month-on-month decline. And the decline is largely in the RTM segment where volumes have come down by 20 to 25 MUs on a daily basis. So any particular reason for this, sir?
Indian Energy Exchange Limited CC-Mar24.pdf · 2024-05-16
Sir, my first question is , I wanted to understand what is the expected volume growth that you are looking for FY '25, FY '26. You did mention that for the market, you expect an 8% growth. So we continue to see a much faster growth for IEX in the next 2 years?
Sir, the reason I asked at least for FY '25, we still have the tailwind of GNA implementation being done only in October last year. So the full year benefit should accrue in FY '25, but generally, what has been driving the market share has been the shift from long term to short term. And that was largely on account of lower power prices that we used to see before FY '22 when the power prices used to be under INR3.5. But now on a consistent basis over the last 2 years, you have seen that the power prices are hovering around INR5. So I would assume that a replacement of power would not be taken now. And that was the reason I was trying to understand, can the volume grow at 15% despite industry volume growing at 7%, 8%?
Indian Energy Exchange Limited CC-Dec23.pdf · 2024-01-25
Good evening everyone and thank you for the opportunity . My first question is on the long duration contract. So if you see one of the benefit of exchanges was lower prices compared to the bilateral market and that has been driving the move from bilat eral to exchanges? All your new contracts that you are seeing in the LDC can you give us a comparison in terms of prices that we are seeing in the LDC market versus the bilateral market?
But can you say that 10 % to 20% could be the difference or even that will be difficult to, see?

Multi Commodity Exchange of India Limited

Multi Commodity Exchange of India Limited CC-Dec24.pdf · 2025-01-21
Good afternoon, everyone, and thank you for the opportunity. Many congratulations to the entire team for another good quarter. Ma'am, just first thing, continuing with what Amit was asking, in terms of new products, is there an update on the series contract that we were kind of designing. And can you put a timeline around that, the new series contracts? Public
All right. And ma'am, if you see on the equity platforms, co-location is a big opportunity which has been kind of driving volumes on the equity platforms. Now, do you see a similar potential of co-lo’s can play in the commodities as well? Is there any thought process or aspiration out here?
Multi Commodity Exchange of India Limited CC-Sep24.pdf · 2024-10-21
This is Devesh Agarwal from IIFL Securities. Congratulations on healthy set of numbers. Sir, my first question to you is basically very much our dependence is now on 4 products. That's 2 on the bullion and 2 on the energy side. Does this worry you? And historically, base metals have been a good contributor to our revenues as well. But what are the challenges that you are facing on the base metal side? And do you see a scope for the recovery of base metal volumes from here on?
But sir, we've been hearing this that because of this increase in the size of the contract, base metals has seen a decline in the liquidity. Are there any dialogue with the regulator to kind of again cut down on the size of the contract? Is that a possibility or at this point in time, there are no discussions around that?
Multi Commodity Exchange of India Limited CC-Dec23.pdf · 2024-02-12
Thank you for the opportunity, sir. Most of the questions have been answered. And just one thing I wanted to understand, this recently, RBI allowed resident entities to hedge gold prices in IFSC, how does that impact us over a longer period? Yes, that is my question.
Right. And sir, if you could give any sense in terms of like, earlier before RBI banned hedging in the international market, some of the large dealers like Titan, they used to do it internationally. Can they again go back to Gift City also are comfortable also hedging currency contracts separately. So, what would be the quantum in our open interest from these large players versus small players?

HDFC Asset Management Company Limited

HDFC Asset Management Company Limited CC-Sep24.pdf · 2024-10-15
Thank you for the opportunity, sir. Sir you did mention that your flow market share is better than your AUM market share on the acti ve equity side. But can you share some trend on the flow market share itself? How it has been trending over the last four, five quarters? And is there any decline in this particular quarter?
No sir. Flow market share trend over the last, say, five to six quarters. Is there any change in the market share of the flow?
HDFC Asset Management Company Limited CC-Jun24.pdf · 2024-07-15
Good evening, everyone, and thank you for the opportunity. Sir, my first question is around other expenses. You did mention that there were certain NFO expenses and all that in the quarter, which I'm assuming you don't expect to get repeated in the following quarters. So, in that light, can you highlight what would be the one -off in this quarter, which you don't think will be repeated in the following quarters?
Understood. Secondly…

BSE Limited

BSE Limited CC-Nov24.pdf · 2024-11-12
Thank you for the opportunity sir and many congratulations on great set of numbers. My first question, sir, is on active clients. Did you mention that correctly, you have 68 lakh active clients. So now are we at par with NSE in terms of monthly active clients?
Sure, sir. And sir, if you see the volume numbers for our Sensex and Bankex contract, especially if we just compare the last five expiries compared to the preceding five expiries, we see that the volumes are down almost 20% to 30%, both for Bankex and Sens ex. While if we do the same exercise for NSE contracts that is Nifty and Bank Nifty, we see that the decline is 10% to 20%. So any particular reason why we are seeing a much higher slowdown compared to the NSE for our contracts. Is it basically because we of the measures which we'll be implementing, what is that impact of that?

SHREE CEMENT LIMITED

Ambuja Cements Limited

ACC Limited

Dalmia Bharat Limited