Stockrabit · Analysts
Questions across 11 calls

Karthik Chellappa

Indus Capital Advisors

Kfin Technologies Limited

Kfin Technologies Limited CC-Feb26.pdf · 2026-02-16
I have two questions. The first question is, in this quarter, if I were to look at our issuer solutions, we have seen a sharp margin expansion. And if I just look at the incremental EBIT on incremental revenue, that also looks pretty high. So just curious to see whether there were any nonrecurring items in this? And what drove the strength in this particular segment this quarter? That's my first question.
Okay. Excellent. My next question is, if I were to look at our stand -alone on the employee expenses side, at least for the last 2 to 3 quarters, that has actually been rising in single digits. While that has given us a very good operating leverage at a sta ndalone margin level, I'm just curious to see how sustainable this is? And to relate that to your point on how you're looking for AI an opportunity to disrupt yourself rather than somebody else disrupting you and investing a lot more in productivity -enhancing measures, whether the employee expenses rising in single digits for the stand-alone business alone is something we can sustain? Or do you think that should normalize as we actually gain in scale?
Kfin Technologies Limited CC-Nov25.pdf · 2025-10-28
I have two questions. The first one is on Issuer Solutions. If we were to look at this quarter's performance, we have seen a decent amount of margin compression in the Issuer Solutions segment. While I note that the base quarter margins were probably elevated and so not the right base, but nevertheless, we have seen some compression. So could you just give us so me color on what led to those margin compression? And what is a sustainable level of margins going forward for the Issuer Solutions segment? That's my first question.
Excellent. My second question is on the mutual fund RTA business. You did allude to in your opening remarks that the yields have kind of stabilized or so. So can we take it that going forward, at least for the rest of the year, the yields should settle dow n at current levels, which means on a sequential basis, the AUM growth and the revenue growth in the segment should more or less start to mimic each other. Is that a fair inference that we can draw from your comments?
Kfin Technologies Limited CC-Mar25.pdf · 2025-04-29
Thank you very much for the opportunity, sir. Congrats on the quarter. Just two questions from my side. First is on the other expenses. Apart from the due diligence, was there any other chunky expenses in this quarter because the YoY growth seems to be pretty high , and if we could sort of breakdown what portion of the other expenses would you attribute to investing in growth versus maintenance? That's my first question.
Got it. Excellent. My second question, sir is, if I were to look at our Issuer Solutions, that has actually seen increasing momentum at least in the last two to three quarters purely from a corporate client addition point of view. In your opinion, what is driving the strength and is this something that we can expect to sustain in FY26?

Godrej Consumer Products Limited

Godrej Consumer Products Limited CC-Sep24.pdf · 2024-10-24
Just 2 questions from my side. The first one is on the channel mix. So if you were to break down the 7% volume growth across, let's say, general trade, e -commerce/quick commerce and probably modern trade as well as direct distribution. How will that growth rate look like?
So my question basically was on urban GT. From a point of view of urban GT ROI, are there any other special initiatives that you need to take in crementally to make it more viable? Or has that adjustment already been done for our portfolio?

GMR AIRPORTS LIMITED

GMR AIRPORTS LIMITED CC-Jun25.pdf · 2025-07-30
Yes. Thank you for the opportunity, sir. I have three questions. The first one is, if I were to look at Delhi Airport, this quarter, if I exclude the exceptional item of about INR91 crores of gain, there is still a loss of about INR42 crores, although it is down significantly year on year. Now, assuming that given that the aero tariff change is already in, if we were to see a traffic revival in the remaining quarters, can we reasonably assume that Delhi Airport will be churning out a profit?
Okay, excellent.
GMR AIRPORTS LIMITED CC-Mar25.pdf · 2025-05-23
Good evening, sir. Thank you very much for the opportunity. Three questions from my side. The first question is, if I were to look at our CPD rental income for Delhi Airport against a run rate of about INR200 crores for several quarters, this quarter we h ave seen a sizable bump up to about INR383 crores. What has actually driven that and what is a steady state kind of CPD rental that we can actually expect going forward?
Okay. So, from here on, the steady state should be somewhere about INR3 to INR3.2 billion per quarter?

Dr. Lal Path Labs Ltd.

Dr. Lal Path Labs Ltd. CC-Mar25.pdf · 2025-04-25
Thank you very much for the opportunity, sir. Congrats on the quarter. Two questions from my side. First, if we were to look at the sample volume growth, could you give us some color on how did NCR North and, let's say, the West and East did individually?
Okay, or let me ask this question qualitatively. I think your endeavor was to improve your volume growth in NCR, which is like your biggest market, and that was probably growing lower than your overall volume growth. Are you starting to see traction there and in FY26 can we expect to see NCR volume growth at least better? At least in qualitative terms would you be able to comment on that?

Marico Limited

Marico Limited CC-Jun24.pdf · 2024-08-05
I have 2 questions. The first is on the value-added hair oil portfolio. If the premium and the mid- segment is actually doing better than the bottom of the pyramid segment, could you give us some color on how that impacts the margin profile of the value-added hair oil business?
My next question is for one of the drivers of medium-term margins, I think Saugata earlier mentioned that the Middle East and South Africa also will start to see an improvement in their margin profile. Could you give us some color on relative to the international margins, how far is Middle East and South Africa today?
Marico Limited CC-Mar24.pdf · 2024-05-06
I have two questions. First is on your direct distribution expansion of the additional 0.5 million outlets. Can you talk about predominantly which states will see this expansion? CIN L15140MH1988PLC049208. Email: investor@marico.com Marico Information classification: Official
The second question is, as far as the gross margin expansion in foods is concerned of 800 basis points, what portion of this will be cyclical simply because of moderate inflation? And what portion do you think will actually be structural?