Questions across 6 calls

Santosh Keshri

SKK Huf

Central Depository Services (India) Limited

Central Depository Services (India) Limited CC-Aug25.pdf · 2025-07-28

Hello. Okay. Sir, I have one question regarding technology expenses. Like we have been seeing for the past 2, 3 years, technology expenses have been rising. And we also have been seeing that the number of Demat accounts have been rising exponentially for CDSL. That's a good thing. But what are we doing to, we can also see that technology expenses has given rise to reduction in the EBITDA margin. So, are we planning to arrest our EBITDA margin and bring it back to the levels that we saw 2, 3 years back? Or we want to operate on this level only? And the guidance on technology expenses, it may not be futuristic, but we want to know that what is the end plan we have? Is it going to recur forever or it is something that we have reached a plateau and it will go back to 2, 3 years back level?

Sir, what about the EBITDA margin that we used to enjoy 2 years back, now that seems to be eroding?

Central Depository Services (India) Limited CC-Mar25.pdf · 2025-05-05

Yes. I have been a shareholder since 2015, and I have been really looking at the portfolio for the company for a long time. So I have two questions. One is about insurance repository business where we can see that our nearest competitor is enjoying a market share of more than 40% now and they are having additions for something like INR1 crore policies with eIA accounts close to 10 million or so eIA accounts. So somehow, we do not see the same kind of performance and same kind of genesin CDSL repository. And also, our PowerPoint presentation about insurance repository didn't cover much of the details. It just gives a little bit of numbers. It didn't say that what is the revenue that we are earning, how many general insurance companies we have tied up. Like last quarter, we said that we have tied up with 48 companies. This quarter, we are saying the number is reduced. So my point is that we are sort of not giving extra numbers for us to assess the business or maybe the business is not being given full attention in terms of better performance and the kind of action that we are seeing in the market. That's not seemed to be happening here. So I'm concerned from the point of view of being a long-time shareholder? That's my first question.

Sir, second question is a little longer. So, let's discuss this and then I'll come to the second question.

JSW Dulux Limited

JSW Dulux Limited CC-Mar25.pdf · 2025-05-15

Great. Two questions from my side. One is that the volume -- from the volume front, if you can give the details of the sales without the Powder Coating business because we understand that, that is under the discontinued business -- discontinued operations in the balance sheet. So in the profit and loss account for this quarter, what is the volume growth for other than Powder Coating business?

Okay. Understood, Rajiv. Second question is about the capex . Like in the -- if I exclude the discontinued operations assets that is classified as held for sale, that is INR 329 crores. And the fixed assets that's there -- the tangible fixed assets is INR395 crores compared to the last year's INR436 crores. So what is the addition to the fixed assets in the continued business part for the year?

JSW Dulux Limited CC-Dec24.pdf · 2025-02-07

Okay. So I have a couple of questions. One is in the commentary just now you said that we are expanding on B2C front and a lot of action is happening with the distributor with the retail chains also. So my question is that despite all this, we are not seeing any rise in expense. So how is it that we are able to do it so cost effectively? Or we can expect some cost enhancement in the next few quarters? The costs are yet to come within the profit and loss account.

No, sir, my question is that compared to the last year, we are not seeing any increase in the other expense line. Like for the 9 months, you can see that the other expense is INR 597 crores vis-à- vis INR 594 crores in the last year's 9 months. So how is it that we are able to manage without much of cost range?

Tata Technologies Limited

Tata Technologies Limited CC-Sep24.pdf · 2024-10-28

Thank you so much for taking my questions. I just have 2 questions. One is, first, is the amount that invested for the BMW JV. Have we invested in any amount so far? And what is the plan of investment for the next 2 years? That's my first question.

Yes. But the thing is that what I can see in the balance sheet that's there for the 30th of September '24, the property, plant and equipment line as well as the intangible assets line doesn't have much of growth. It's actually a reduction as of September '24 compared to the March '24 numbers. So, it appears that as you say that there has been some transfer of resources and some infrastructure is created. So of course, not telling you to reveal the numbers, but may I ask that is that appearing somewhere in the profit and loss account? That's why the profitability has gone down this quarter?

Nippon Life India Asset Management Limited

Nippon Life India Asset Management Limited CC-Sep24.pdf · 2024-10-24

Actually, a few queries from the financial s. Like, I can see that our revenue QoQ went up by 13%, whereas the PBT is up only by 10.78%. Now in this kind of business, the operating metrics is more in favour of the business, it should not -- it should be more than the percentage of revenue that it went up by. So may I know the reason? Is this because of ESOP cost?

Okay. And what is the impact of ESOP cost in this quarter? And how long it will continue if you can just give full numbers?