Stockrabit · Analysts
Questions across 2 calls

Nishant Shah

Millennium

Power Finance Corporation Limited

Power Finance Corporation Limited CC-Dec24.pdf · 2025-02-12
Ma'am, just one question. I wanted a clarification. You've discussed adequately about the unhedged portion of the foreign currency borrowings. Is there any at all kind of like expense that we can expect or forex currency translation loss that we can expect from the hedged book as well, like do our hedges only protect us up to a certain level of currency depreciation? Or is it covered no matter where the currency goes? That's my only question.
Okay. As a follow-up, if, say, theoretically the rupee goes to INR90, what kind of like total loss es that we can expect on the hedged and the unhedged combined? It's a very theoretical -- yes, yes.

SBI Cards and Payment Services Limited

SBI Cards and Payment Services Limited CC-Dec24.pdf · 2025-01-28
A couple of questions from me. Just a follow -up question first about Mahrukh 's question that this quarter we see like a 40 bps rise and you're saying categorically that this is the peak. How should we think about modelling for credit costs going ahead? You've answered this a bit qualitatively that it depends on the macro environment. But any initial kind of like guidance or in a range that you can give that is this something which is like a peak and a plateau? Or is it a peak and a reversal? Like will the normalization be much sharper given the kind of sourcing we've done. How should we think about like the downward normalization of these credit costs? Like say, for FY '26 or '27, more like longer term , if you could give some guidance about how we should think about where the Credit costs should settle? That's question one. I'll ask my next question later.
Okay. Fair enough. And the second question also on the ROA piece. So, like around before COVID, we used to operate at a much higher level of revolver and with the new sourcing that you've done, it's some like understandably at like a different revolver mix. How should we think about as like the delinquencies start to come off, hopefully? Should the revolver mix start to inch up from here? Or is this like the new level of revolver that we should kind of like model in that 25% or thereabouts is what like the new normal for the industry or for you guys. Any thoughts around that would be helpful. Initially, if I recall, a lot of reduction in revolver was also attributed to fintech players doing a lot of STPL and small loans, that market seems to have slowed down significantly. So , is there something to think about that's like revolver mix to start slowly kind of inching up from here?