Stockrabit · Analysts
Questions across 6 calls

Sahil Doshi

Thinqwise

Redington Limited

Redington Limited CC-May26.pdf · 2026-05-14
Just firstly, just wanted some clarity again on the Turkey and the Arena business. So essentially, this quarter what number you've seen in terms of revenue, is that the new normal base? Or we should see further decline from here? And in terms of factoring also, would this stabilize at this? That's my first question. And the second question was related to the impact of the war, the Middle East impact. So you've stated in the press release that we did see some softening in March. So do we think some further impact in this quarter to play out? Or you don't really expect any material impact because of this same?
Sure. That's fair. Secondly, on the cost structure question, sir, you did call out the excess -- the increased expenses because of investments as well as the impact of the rupee on employee cost to an extent. But would it be possible to try and quantify h ow much is this, which is, a, front - loaded or something of that sort? And where do we expect at what levels in the following year because in the absence of improvement in gross margin, a large part of the growth seems to be eaten away by this investment. So I'm just trying to understand how should we think about sustainable, profitable number in that sense.
Redington Limited CC-Jun25.pdf · 2025-07-30
My question pertains to that this quarter we've seen a positive delta in terms of the MSG share. But consequently, we haven't seen a similar follow through in working capital in terms of benefit coming through. So could you talk a little on this? And also, could you quantify the impact of the increased MSG share on the gross margin?
Okay. Understood, sir. I appreciate. And sir, the question -- other question pertains to the large deals. Could you quantify what do you define large deal as? And is there any factoring on account of these again in this quarter? And second is, sir, if we just see a long-term trend, the 5% adjusted gross margin, which we've seen, this is the lowest ever we have reported in any quarter. So structurally, are we looking at growth at the cost of margins? Is this how we should think about? Or have the terms of trade in the entire channel changed and this should be the new normal?
Redington Limited CC-Mar25.pdf · 2025-05-20
Hi, sir. Thank you for the opportunity and congratulations on a fantastic set of numbers. Just a few data keeping points. Firstly sir, could you call out what is the Forex loss impact in Q4 and in the full year as well? And second on the depreciation, we have seen some kind of an increase this quarter. So, is there some kind of a one-off here as well?
So, could you quantify the Forex loss for FY '25 and also this one-off in depreciation? That will be helpful.
Redington Limited CC-Dec24.pdf · 2025-02-06
Hi, sir. Good morning, and c ongratulations on a fabulous set of numbers and execution. My question pertains to the client -wise data, which we g ive. If I see the top client possibly say, Apple, the pace of growth is actually lagging the Company level growth, at least in this Q3 as well as in the 9 months. So, is it so that the direct share of Apple is actually increasing and we are losing some share? Or could you give some qualitative remarks with respect to what's the trend here?
So, if I was just seeing the revenue contribution from Apple, and if I see the growth for the first 9 months, the growth is 7% versus growth of 9%. So, if you see quarter -by-quarter, the observation is the pace of growth is...

Usha Martin Limited

Usha Martin Limited CC-Nov25.pdf · 2025-11-10
Firstly sir, I would like to say that you have done a fabulous job on the balance sheet and the cash flow side. Just taking that forward, sir, I just wanted to understand, - incrementally as we have become debt free and started generating significant amount of cash flow, how should we think about the cash flow utilization over the next 2 to 3 years?
Sure, sir, that helps. Broadly, sir, would you have any ballpark capex estimate for all of these things for the next 2 to 3 years?

Cartrade Tech Limited