Stockrabit · Analysts
Questions across 2 calls

Himanshu Taluja

Aditya Birla Sun Life

Tata Capital Limited

Tata Capital Limited CC-Nov25.pdf · 2025-10-28
Hello, sir. Thanks for the opportunity and congrats on the quarter , and very elaborated disclosure. Sir, just a couple of questions at my end. When I look at the Motor Finance, given the way you have given the guidance on the profitability pa rt, where you expect to reach 2% RoA in 3 years timeframe, how do you basically, if you can also call out what sort of the growth that you would like to see in the Motor Finance business? When the AUM growth is likely to start seeing the growth trajectory versus the de-growth? So that's my first question. Second is, shall we understand that the stress has peaked even in this segment ? And how incremental basis one will see the asset quality in this segment? And also, do you believe that the 32% PCR within the segment is sufficient or is there a need to further strengthen the PCR for this segment? And thirdly, within your guidance of 22%-25%, what you have given the guidance of a 3 year, if you can explain how you wanted to see this growth between Retail, SME and Corporate. Yes, these are my questions. Thanks.
Sure, sir. Thanks a lot. Sir, just a one small question if I can, like in the last 2 years we have seen significant branches that you have added, as well as now with Tata Motor Finance branches also came in, do you believe this is the one primary reason be cause incremental basis we don't need the pace of the branch what we have added in the last 2 years? And this is the primary reason for the significant operating leverage that you are expecting in the business?

Star Health and Allied Insurance Company Limited

Star Health and Allied Insurance Company Limited CC-Sep24.pdf · 2024-10-30
Just a few questions., you hosted an Analyst Day towards June end and you've given some guidance on the combined ratio as well three-fourth. You have an adverse effect in the month of June itself, also you know that second quarter typically remains high from both severity and the frequency of the claims, at the start of the year, you decided to get in some of the group businesses, which will eventually lead to a higher loss ratio. What has typically changed so that you see more loss ratios guidance looks? Secondly, at the start of the year you always think that probably the normal combined ratio would be around 95%, 96%. We typically end up at a higher number . Is that a structural change and should one probably change the assumption and take the combined ratio towards the higher end of the assumption? Second part to the question. Congrats for the new business premium because this is one area that you really wanted to achieve that, but you have probably taken various price hike in the past as well. Despite that we see the growth coming down from 20 towards 16, even in the past price hike your loss ratios has gone up, but you are again taking the price hike with the new business premium, but again it can eventually lead to a problem of a portability like situation where higher portability and the renewal premium growth will be subdued again. So how would you address them both and what is the new normal for us to understand?
Sorry sir, I'm just trying to understand more from a combined ratio aspect. Has that probably changed because severity of the claims are rising, medical inflation is there, because what happens typically is we think that the loss ratio is likely to sustain between 60 -65% where probably you will end up at 4 -5% in core operating profitability eventually. I'm just trying to understand, has it changed, do you believe that potentially one should think given the medical inflation right now, one should tend towards the higher end of the curve?