Stockrabit · Analysts
Questions across 31 calls

Shreepal Doshi

Equirus

HDB Financial Services Limited

HDB Financial Services Limited · 2026-07-15
Hi sir, congrats on a good number. I just had one question which is pertaining to the segments that we have vacated or where we have where we're focusing less. So, is it because – is it purely because of because these segments are low yielding or is it also that you're seeing there is heightened competition there or there is emerging stress there?
Got it. So in that case, like at one – at some point would we look to shut down mi crofinance? Because, I mean, that we've been doing for quite some time and we 've not really scaled up. Be it – maybe it is positioned that way or maybe it is strategized that way. But then would we look to shut it down or something like that?

Muthoot Finance Limited

Muthoot Finance Limited CC-May26.pdf · 2026-05-14
Hi, sir. Thank you for giving me the opportunity. My question was firstly, what is the interest accrual number during the quarter? Another question is that how many Muthoot Money branches overlap with Muthoot Finance in terms of, let's say, having it in 1 KM or 2 KM radius? And the other follow up there or addition there is that now since there is no gap in terms of Muthoot being allowed to, or let's say, needing to take approval from RBI in terms of branch expansion, then why are we thinking to do gold business in the subsidiary that we have? I mean, what is the thought process there? Because now we can scale up the Muthoot Finance franchise itself, right? So, that's the thought process.
I just wanted to understand, like, what's the thought process there?
Muthoot Finance Limited CC-Jun25.pdf · 2025-08-13
My question was on ticket size. So incrementally, since the benefit of the newer regulation is for, let's say, less than INR2.5 lakhs ticket size, would we, as an organization, also focus more in the smaller ticket size versus earlier where we were active across all ticket sizes. Will that be a thought process?
Got it, sir. Sir, the second question was on the rate side. So I mean, since we are in a rate cut cycle already, will we pass on this benefit on the cost of fund side to the end customer? And also because as you also alluded that the competition has increased. So in all, are we looking to look at -- have some rate cuts going ahead?
Muthoot Finance Limited CC-Dec24.pdf · 2025-02-12
The first question, sir, was again on the regulatory front. So has there been any communication with the regulator on the bullet repayment as a product and the regulator has, in a way, highlighted to have EMI as a product in the gol d loan category as well. So, is there any communication or has there been any discussion on this particular aspect?
Okay, okay. And then secondly, just, I mean, touching again on the earlier participant's question on 75% LTV throughout the tenor and at the time of disbursement. So, we are following the policy of the 75% LTV at the time of disbursement and then we do not really look at how it is moving throughout the tenure?

CREDITACCESS GRAMEEN LIMITED

CREDITACCESS GRAMEEN LIMITED CC-Jan26.pdf · 2026-01-20
Sir, my question was on the retail portfolio. So that portfolio is quite diverse in terms of the product bouquet. So, what is the kind of, let's say, the DuPont in terms of margins and credit cost and ROA on a BAU basis that we are trying to sort of reach to over the next 2 to 3 years' time period?
Got it. I'll just look at that aspect in the call. Just the other question was on the microfinance side. So, what is the range of ticket size disbursement that we are doing for more than 6 years and 3 to 6 years customer vintage?
CREDITACCESS GRAMEEN LIMITED CC-Nov25.pdf · 2025-10-28
My first question was on the pricing side. So since, let's say, we are seeing rising PD and also the overall ECL, are we trying to also take the interest rate upward because, I mean, all of us have moved to risk-based pricing, at least in the MFI space as well. Would we see that sort of a trend playing out? And if it will, then by how many basis points or percentages would we see that improvement in, let's say, second half of FY '25 / FY'26 and then in FY'27?
Okay. And -- so this is already incorporating the incremental rise that we will see in the LGDs and the risk that we see? Or will we further take more increase?
CREDITACCESS GRAMEEN LIMITED CC-Mar25.pdf · 2025-05-16
Hi sir, thank you for giving me the opportunity. My question was on firstly, why when do we see this more than 3 lender and more than INR 2 lakh ticket size customers, which currently stands at closer to 20.1% and 9.5% dropping to our expected level? That's the first question, sir. Or our targeted level rather?
Okay, the second question was, we have given a guidance of 5.5-6.0% credit cost for FY26. But I mean, that doesn't have any buffer for any uncertainties that might come up in the state of Tamil Nadu from the ordinance that has come up. So just do you think there could be variation if something of that nature comes up? And if you think so, then should we not already provide that buffer in the guidance?

Home First Finance Company India Limited

Home First Finance Company India Limited CC-May26.pdf · 2026-05-07
Hi sir. Thank you for giving me the opportunity. My question is pertaining to PLR. So we have taken a 10bps PLR cut last quarter. Now with rates likely to go up, systemic rates likely to go up, would we make any adjustment there? Or would we continue with our pricing strategy that we have as of today?
Got it. My second question was on branch expansion. So I was looking at the disbursement upon branch number, and it's already closer to INR30crsper branch. And this is really at a peak level. So what is our branch expansion strategy? Where do you see the disburse ment per branch as a run rate? And also wanted to understand which locations we would add branches to? And what is the number of branches or percentage of branches with disbursement per branch below INR10 crores?
Home First Finance Company India Limited CC-Jan26.pdf · 2026-01-23
Hi, sir. Thank you for giving me the opportunity. My question was on the PLR front. So, we have already done the reduction of 10 bps. But given the competition in the market, and I think even in the last quarter, the BT-out rate had increased. So, are we planning or is there any plan to further take a rate cut in the quarter? Or how is that aspect likely to shape up in the next, let us say, 3-4 months’ time period?
So, then in that case, what is the overall cost benefit that we have already seen from the 125 bps rate cut that we have seen at systemic level and what is it that is remaining?
Home First Finance Company India Limited CC-Nov25.pdf · 2025-11-04
Hi, sir. Thank you for giving me the opportunity. My question was pertaining to the geographies that you highlighted which were the stress source for us in Q1. Has there been any addition to that list apart from, let's say, Surat, Coimbatore, and Tirupur? So, because 1+, 30+, and GS3, all these indicators have deteriorated only. So, was there any further addition there? And secondly, apart from the leather and the textile industry, any other industry that you see where the stress is building up because the tariff -related impact still persists? So, which are the industries where you see there could be further deterioration and which could get added to the list that you have highlighted with this textile and leather industry?
Got it, sir. So, in that case, like for the full year we had guided for a Rs. 5,600 crores to Rs. 5,800 crore disbursement. I mean, because of this, now we would have, on a conservative basis, I think with prudency playing out we are slowing down our disbursements as well. So, where do you see the disbursement for the full year stabilizing and also the impact on credit cost? Like, we still continue to maintain the 30 to 40 basis points or do we see some breach there for the full year?

Shriram Finance Limited

Shriram Finance Limited CC-Jan26.pdf · 2026-01-23
My question was pertaining to CV firstly. So, in that segment, sir, if you could throw some light and give us some insight on which segments are doing better in terms of business momentum in the current quarter and also in January, how are these trends shaping up, especially in the HCV, MHCV segment? And also how is the LCV segment doing? I'll ask the second question afte r this.
Got it, sir. That is helpful. And sir, like, of course, 3Q was a very good quarter on the volume growth side also given the OEM numbers that have come out. How is it shaping up in Jan as well? So that was a follow-up question there.

Aavas Financiers Limited

Aavas Financiers Limited CC-Feb26.pdf · 2026-02-05
My question was on the asset quality front. So undoubtedly, we've done decent performance with trends improving. So incrementally, is that also likely to help us on seeing better business momentum as we can now relax some of the underwriting related norms in the coming quarters? Would we look at doing that in order to, let's say, revive business momentum and our disbursements?
So, sir, in that case, are you feeling that you are in a position where you would want to accelerate the disbursement or business momentum for us?
Aavas Financiers Limited CC-Jun25.pdf · 2025-08-12
My question was on asset quality front. So, while there are some green shots as you highlighted visible in the month of July. But if you look at the 1Q performance versus the other 1Q performances, the DPD deterioration has been much higher. So, what would you attribute this relatively higher deterioration in the DPD movement or even, let's say, GS 3 numbers? And I think you also highlighted there are some pockets where relatively the DPD deterioration has been much higher. So , which are these pockets?
Got it. Sir, which pockets are the, if you could highlight that will be very helpful.
Aavas Financiers Limited CC-Dec24.pdf · 2025-01-30
My question was on RM level target. So , when in newer geography, what sort of RM level, KRAs we said in terms of business sourcing versus matured branches. And the level of disbursement that we have done this quarter, do you aspire to maintain it going ahead, like the revival in disbursement.
So, sir, especially for states like Karnataka versus Rajasthan and Gujarat and Maharashtra, I mean and within Karnataka, we've been there for almost a couple of years now. So, what would be the differential in terms of branch level efficiencies in terms of business?

Manappuram Finance Limited

Manappuram Finance Limited CC-Nov25.pdf · 2025-10-30
Hi, sir. Thank you for giving me the opportunity. My question was pertaining to MFI business again. So as a thought process, do we plan to invest more in this franchise and support the overall capital structure and also for the growth of the franchise?
Got it, sir. Second question was pertaining to gold business, since you highlighted that that is our focus area also at standalone entity level as well as at, I think, Asirvad level. So, but there are lots of players entering this landscape with a larger network than ours, as well as better cost of fund as well. So with that, what sort of challenges do we see, especially on the let's say, employee attrition side, as well as on the operational side? So what sort of strategies are we building to contain such issues on attrition, especially employee attrition headcount?

REC Limited

REC Limited CC-Jun25.pdf · 2025-07-31
My first question was on the provision split. So if you could give us the details, like, for example, while there has been reversal during the quarter. But as you highlighted to the earlier participant that INR270 crores was because TRN. And then because of the other -- some of the discounting upgrade also there was some reversal, but I wanted to understand the split of this in because you would have provided fresh provisioning towards the disbursement that we have done during the quarter, right? So if you could give us some more details on this provision split where in you've seen INR616 crores of reversal during the quarter?
Okay. I think this LGD change is because of what reason? Like what would have benefited as that broadly this -- the rating of period would have benefited us there as well or anything else?