Stockrabit · Analysts
Questions across 35 calls

Rahul Jain

Dolat Capital

Newgen Software Technologies Limited

Newgen Software Technologies Limited · 2026-07-16
Congratulations for the new induction for the role. And thanks, Jeet, for making us understand this business better and driving whatever you could during your tenure. My question is for this fiscal year when we look at it FY '27, what are the -- some of the positive things that is shaping up from an industry point of view, maybe something around AI driving the tech modernization or core modernization theme. Are we seeing any delta coming from that kind of a thought process among your clientele? And also from a macro point of view, how the decision-makings are getting affected and how you plan to mitigate those challenges in the coming quarter, if you could share your thoughts on that?
Sure. And if you could help me out with the total headcount situation at the end of FY '26 and now?
Newgen Software Technologies Limited CC-May26.pdf · 2026-04-30
So I know -- so far what I could gather is that the challenge that we are seeing is mostly on the large deal sizes. But in the perspective of how we are seeing the market today in terms of deal sizes or in general spending behavior, how we plan to -- Virender, trying to meet the objective on the growth side and what should be the aspiration for us with this kind of a macro that we are in for FY '27 or maybe on a medium-term basis, what should be the growth band that we should be operating at?
Virender ji, thanks for the color and I can understand we are in a very uncertain scenario. So it is very difficult. But we've been facing this challenge for couple of quarters. So we have been working on this aspect that where the problems are, what coul d be the potential mitigation step and all that. So with that things keeping in mind, is it like at least a double -digit growth is something we should be ensuring or you think it is so tough right now, to give any ballpark number would be difficult?
Newgen Software Technologies Limited CC-Jan26.pdf · 2026-01-20
Basically, my question too is around Jeet, we have seen that our order announcement even in Q2 and Q3 were pretty strong, but that translating into growth has not been the case in terms of the actual revenue. So is it that there are some nature of deals where we are not able to recognize as much as we have been doing in the past because of the SaaS nature or any other factor? And even from Q-o-Q perspective, I thought the implementation tailwind of Q2 strong deal win should have supported Q3 and there are further Q3 wins. But that part of the revenue stream has also fallen. So is there a challenge around companies ramping up on the decision that they have taken, or they are ramping on the schedule?
Sure, sure. Just one clarification. You said the implementation is lower even in the SaaS or subscription deal. Can you elaborate why you say that?
Newgen Software Technologies Limited CC-Nov25.pdf · 2025-10-28
Yes, hi. So I was asking about this the deal win data. If we just go by the calendar period during this quarter that we have announced, the wins look, hello, I can hear some background. Hope, I’m audible?
Yes, yes. So I was saying that from a signing perspective, it's meaningfully higher even if I have to compare about whatever we have announced in the previous fiscal overall basis. So, I want to understand this from your perspective, from a demand confidence point of view because I think I heard that you mentioned somewhere that the challenges still exist. So how we are comparing these 2 element and how we are seeing market in general?

Indian Railway Catering And Tourism Corporation Limited

Indian Railway Catering And Tourism Corporation Limited CC-Nov25.pdf · 2025-11-13
Thanks for the opportunity. Just I would like to understand about this exceptional item which has been announced in this particular quarter related to the Tejas Express train. If my memory serves right, is it related to the reduction request that we have made towards certain charges for (Inaudible) 18.04 the rake? Please give me clarity on this. And is there anything more to happen here? Thank you.
And this haulage charges now since this has been aligned, so the reduced rate is what is applicable to us for the current fiscal onwards?
Indian Railway Catering And Tourism Corporation Limited CC-Jun25.pdf · 2025-08-14
Firstly, if you could share about the new initiatives that we have taken in the Tourism segment. Of course, you mentioned about the one rake that you have added in the Bharat Gaurav train. But any other newer initiative around any newer plans highlighted i n your zone or categories that you want to operate in the Tourism space?
Yes. First on the Tourism, but it would be great if you could express another element as well?
Indian Railway Catering And Tourism Corporation Limited CC-Mar25.pdf · 2025-05-29
My first question pertains to the business of catering. We had in past some of the repricing opportunity available to us because there was some litigation pending in some of the vendors who did not come back to the pricing, which was suggested after the COVID situation. So any clarity on what is the status for that vendor? And what more -- what is the percentage of total vendors which are still not on the revised pricing, if you could share that?
Okay. Is there any time lines that one could possibly consider? I understand matter sub -judice, so difficult to quantify. But anything that this is the situation of the curre nt proceeding that one should -- one should expect this to happen?
Indian Railway Catering And Tourism Corporation Limited CC-Dec24.pdf · 2025-02-11
Most of my questions have been answered. Just 1 or 2 bookkeeping questions, if it is handy. I think we spoke about the Golden Chariot being restarted. So, if we could understand what is the seasonality for this particular train? Is it heavy on the Q3, Q4 just like Maharaja Express? So that is point number one. And secondly, if you could share the contribution of luxury train revenue for the quarter?
And last question from my side. Regarding this State Teerth, in generally, if you could explain how the situation and demand is playing out here. There has been some moderation that we have observed. So how are our interaction with various state and tourism segment is working to drive this part of the revenue piece?

Affle 3i Limited

Affle 3i Limited CC-Feb26.pdf · 2026-02-02
Just one thing, purely from an AI point of view, you highlighted about that extra bit of investment on the inventory cost, but have you seen a meaningful jump in the traffic on the scraping for inferencing or the various other AI activity, which is leading into some dynamic change in terms of the data, which could be fraud data, which could be not so relevant, not intent based or anything like that. Is there a meaningful change in behavior, the way people are consuming AI versus a pre-AI kind of a period?
Affle 3i Limited CC-Jun25.pdf · 2025-07-28
Most of it has been answered. Anuj, if you could share some color on the Developed Markets. You highlighted some of the uncertainty part, but how we need to see this annual growth? Will it be more skewed toward Emerging markets versus the way it was in the previous year where it was Developed markets-led?
Lastly, for Kapil. There were some savings that we have drawn on the Other Expenses side. Can you share if these things are sustainable? Or there was some element of savings specific to this quarter?
Affle 3i Limited CC-Mar25.pdf · 2025-05-12
Thanks for the opportunity. My first question is related to web traffic moving away to AI tools instead of mobile desktop browser. Will that impact us in some manner in the near term?
Right. I understand the potential and all that. Basically, just to slightly clarify and if the answer changes accordingly , was that as the traffic moved from browser to mobility, similarly, when it moves from within mobility to AI, does the ecosystem on the ad exchange or back end could change? If that does not change, then I can understand your situation. Secondly on the Opticks AI, as you explained in your event, how much savings is it bringing on the content creation side? That would be helpful.
Affle 3i Limited CC-Dec24.pdf · 2025-02-10
Congrats on strong quarterly execution. My question pertains to how you see the environment both on the developed markets side and the emerging markets side. I specifically want to understand how the holiday season for retail space has played out because the commentary that we are hearing from the IT peers is that this has been a very strong quarter, and it was a strong holiday season. Similarly, in India, there is a lot of consumption theme buzz right now after the budget announcement. So, what is your view on both the sides? Secondly, how does that should shape up the seasonality for Q4 this time versus last time?

Indiamart Intermesh Limited

Indiamart Intermesh Limited CC-Sep25.pdf · 2025-10-17
I was trying to understand is that with all this long , enduring process that we have gone through in terms of optimi sing various aspects of the business to ensure the subscriber addition aspect of it and meanwhile, scaling up on the ARPU on the existing base. So, with this learning, your thought process in terms of what is the right scalability in terms of the subscriber and your thought process is what is the ideal ARPU in this business? Has that changed in the last three years, the thought process that this is a far less volume game, but more an ARPU game? Or you think the opportunity remains the same?
Right. And with this thing, what looks like a best -case three-year scenario for us from a going forward perspective from, I know you don't go for a guidance at this point, but maybe a longer period goal, which you could set because you would assume a lot of this thing would get rectified over the next few quarters?
Indiamart Intermesh Limited CC-Dec24.pdf · 2025-01-21
Hi. Thanks for the opportunity. I just wanted to understand that what are the initiatives we are undertaking to ensure that our ARPU improvement trend continues to trend faster than the usual pace so that we could mitigate the medium -term challenges on the subscriber adds and in which ways the subscriber adds during a year one contributes very small portion of the total incremental revenue. So is it possible to mitigate that by ensuring much better outcome from digitally savvy supplier base that we have to get to the aspired growth range.
Yeah, Dineshji, just a slight clarification, in the last part of your response. So , you're saying if we continue on this path, we can mitigate the situation of a weak revenue performance and there was another comment which you made earlier that for time being 10% benchmark for collection growth is a good number to look at. So , can you just clarify on these two parts? Thank you.

Firstsource Solutions Limited

Firstsource Solutions Limited CC-Jun25.pdf · 2025-07-30
Sir, my question specifically is that on the collection business, what I understand is that there is a larger componenet, so is this also relevant in this acquired business? Or do you think there is a lot of fixed components and outcomes, and there is more of an uptick on it? And the reason I am asking this question is that if it's sort of outcome-driven, then the market volatility may exist depending on our collection efficiency?
But more generally, if you could just give color on the outcome based as part of the total pricing, is there a way to look at the mix of pricing as a function of outcome based versus fixed base?
Firstsource Solutions Limited CC-Sep24.pdf · 2024-10-28
So, my question is that Ritesh, don't you see the need for upgrading the guidance on the organic basis because there is no point doing it, given the historical precedence or to say that is there an upside risk to the current guidance because you are baking in the potential downside, but if things are smoother than what you are thinking, you could eventually do better than that? So, that is question number one. Question number two is also to understand the need for investment in the business because it seems we are in a decent business trajectory and a double digit organic growth may sustain beyond FY25, so will that be accretive by nature or there could be some conflicts in terms of margins going forward as well? And lastly, on the ETR, if you co uld give a flavor in terms of how it should pan out in FY26 and FY25?
Third one was basically an effective tax rate if you could guide for near to medium term?

L&T Technology Services Limited

L&T Technology Services Limited CC-Jul25.pdf · 2025-07-16
Yes, hi, thanks for the opportunity. Just clarification. So, my question was about you talked new client addition in the quarter. Is it led by Intelliswift and if yes, then what is the contribution of this unit in the quarter?
This is across the board, and this must be smaller deals because larger deals cumulatively account for other bulk, are this coming as a smaller deal versus what we used to own the accounts earlier versus now scaling some smaller-sized accounts?