Stockrabit · Analysts
Questions across 19 calls

Shweta Daptardar

Elara Capital

Aptus Value Housing Finance India Limited

Aptus Value Housing Finance India Limited CC-Nov25.pdf · 2025-11-01
Sir, a couple of questions. So you clearly mentioned that we are one of the best in opex to assets and operational efficiency. Also, we'll be relying more on productivity going forward. So could you just throw some light on branch productivity aspects wherein if you can just put out a number on loan files per officer and how that has been improving. Of course, you have dealt with tech initiatives, but more so on the human capital or physical aspects part which can contribute to productivity, which will help us maintain this kind of strong opex to assets number?
Okay, sir. Sir, the second question is on ticket size. Sir, because you mentioned you have done data scrubbing and also you evaluated and have decided to move and shift towards slightly higher ticket size. So going forward, have you put a threshold kind of thing wherein your average ticket size will be retained or will revolve around those levels, say, INR9 lakhs or INR8.5 lakhs, INR9 lakhs, which has been the case for now over 2 years. So any thresholds on ticket size beyond which you would not like to exceed and maintain your core focus?

Shriram Finance Limited

Shriram Finance Limited CC-Mar24.pdf · 2024-04-26
Sir, I might be harping on growth all over again. But then we do understand that the near -term election driven phenomenon would anchor the growth prospects. But sir, 1 year down the line, say, as we move towards FY ‘26 and also given the fact that you mentioned in the beginning that the growth will be more coming from lower yielding products, which today also are potentially or have potential to grow at 30% rate. Then why still our growth targets remain around 15%, 16%? So, what is the expectation 2 years down the line?
Sure, sir. Sir, secondly on the credit quality. So, in terms of Stage-3 and so also similar trends in Stage-2. Sir, we have seen drastic improvement there, which wherein even our credit cost guidance of 2% is coming. So, do you see further improvement in GNPAs of Stage-3 going forward, given that the credit cost which you are guiding is expected to drastically come down to 2% odd levels from 2.3% to 2.4%?
Shriram Finance Limited CC-Dec23.pdf · 2024-01-25
I have two questions . If you could throw light on the write-off trends this quarter vis-à-vis the previous quarter and also a bit on asset quality. I think you partially answered this in the previous question. So, what has changed besides in terms of across products or asset classes wherein certain products would have put up benign asset quality trend and others some swings there, which has led to such market improvement in GNPA and credit cost?
Does anything change on the goal post on growth outlook now that you're at 20%-plus?

Can Fin Homes Limited

Can Fin Homes Limited CC-Mar25.pdf · 2025-07-21
Sir, couple of questions. Sir, for Telangana, in particular, we had mentioned that positive Qs are emerging and now we are seeing no ma jor turnaround. So what has changed between Q4 and Q1? That's question number-one. Second is, so are DSA dependence reduction strategy have not yet met up a reasonable success, right? So how is the sort of way forward there? And lastly, so while you did mention that sizable amount of transmission on the yields front have already happened and maybe around 15 bps or 10 to 15 bps is around the corner. So any scope of further improvement of margins, say, beyond 3.5%? So yes, those are the three questions?
Can Fin Homes Limited CC-Mar24.pdf · 2024-04-30
Sir, two questions. One is, what is the rejection rate for our study prop osals that are raised or sourced from DSA vis-à-vis our own internal channel? And yes, if you could first address this?
Noted, sir. Sir secondly, at the branch level, sir, do we have feeling on how much approv als or the targets which branch manager would have in terms of accepting a particular proposal? So is there a feeling on, say, ticket size or loan amount or anything on GNPA? And have these targets or feelings sort of undergone change as on today, wherein we are in the process of rejigging our systems and processes?
Can Fin Homes Limited CC-Sep23.pdf · 2023-10-18
Congrats on a good set of numbers. Sir, my qu estion again pertains to the growth numbers. So two apprehensions that I have. One is the actions which we have taken on the operating systems front, wherein we have mentioned that the disbursements have been centralized. So now that the disbursement or th e decision-making authority has been product removed at the bank level? Does it impact the incremental growth? Point number one. And point number two, so you just mentioned that the INR6,000 crores odd kind of run rate is very much plausible on disbursements in second half given the maintenance of current repayment rate, but if I look at the scenario where in Bt cases have been slightly on the higher side and given that you're almost doubling the disbursement from the current odd levels. And if I assume current repayment scenario, then the growth is sort of -- the final AUM growth is sort of not -- and conjecture, which I'm getting is it's not getting closer to 18% plus. So could you just clarify the math?

Aavas Financiers Limited

Aavas Financiers Limited CC-Mar25.pdf · 2025-04-24
Thank you, sir, for the opportunity. So, couple of questions. Now we have crossed INR 20,000 crores of overall A uM and you also pleasantly mentioned in your opening remarks about scalability focus. So , definitely, it is presumed that scalability challenges sort of pain out above INR 200 bn AuM. But if I look at and see, the larger part of scalability is determined by the branch expansion network. But if I look at the new branches that were opened during the whole of FY25, they were largely, or rather fully, concentrated in your existing states whereas you had mentioned earlier that there will be focus also on entering into new territories. And I think that would be the way forward for achieving further scalability. So, if can elaborate on that? Second is, have we benefited more from securitization volumes as far as margins are concerned, because the run rate on quarterly basis is only climbing? And third question is, how is the MSME scenario sort of panning out? Because I remember, last quarter, you sort of had mentioned some cautious commentary that you are monitoring trends and there has been strain on macros per se. And you mentioned you’ve stayed guarded. So, any scenario change, especially in the M SME segment? These are my three questions.
Okay, sure. Thank you and best luck.
Aavas Financiers Limited CC-Dec24.pdf · 2025-01-30
Thank you, Sir for the opportunity. It's a couple of questions. So are we changing our guidance on growth front or is it that 20% is now a new normal and also give to related question. If we aim for 20% even for this current fiscal. So that would mean almo st adding up Rs. 700 crores of book in one quarter. I mean of course seasonally second half has been very strong. You have demonstrated that your earlier as well, but still Rs. 700 odd crores of run rate is slightly on the higher side viz-a-viz. our historical run rate. Can you shed some light on this? Question #2. So, I remember you have always been very articulate and impeccable in terms of BT restricting them to below 6%. Now in the current scheme of things, wherein, many of the NBFC's, AHFC's, etc. The competition is gaining strength and intensifying. So how do you see this? The BT -out cases going forward. Whether the current set of measures will sort of continue to help us curb below 6%. One last question, so you mentioned last quarter and this quarter in the opening remarks as well. You are opening branches in Karnataka and UP. Now I understand larger part of portfolio is below Rs. 15 lakhs and below Rs. 25 lakhs but one of our peers which has a portfolio about Rs. 20 lakhs have been facing, tough time as far as Karnataka is concerned, you know, especially because of E -Khata and other such challenges. I mean ours is a continuous model. I remember you explained how we are expanding to Karnataka from Tamil Nadu in the last quarter contiguously. But still are you facing any challenges? considering the fact that you are sort of now moving into Karnataka belt. Thank you.
Sure, Sir. Just I'm squeezing in one allied question. Any geographic challenges are we facing? I mean this is outside MFI and the noise around . But any geographic challenges in the markets which we are present?
Aavas Financiers Limited CC-Sep24.pdf · 2024-11-07
Thank you, Sir for the opportunity and congratulations on a good quarter. So, I have couple of questions. One is on the product category. So, if I look Y-o-Y basis LAP has declined steeply and so has MSME grown sharply. So, is this by demand, design or increased regulatory oversight on LAP plus Top-up Loans? My second question is our foray in Tamil Nadu. So, if you look at Tamil Nadu geography, so there is intense competition out there. You have Aptus and Chola and many players, especially on the LAP front. So how distinctly A avas will be positioning itself for the competitive intensities there? And just one data keeping question, what is the rate differential between LAP, MSME versus home loans and your BT-Out? Thank you.
What is the BT number?
Aavas Financiers Limited CC-Mar24.pdf · 2024-04-25
Sir, a couple of questions. Could you throw light on the BT scenario and competitive intensity? Any particular geography throwing any specific signal? That ’s question number one. Question number two, sir if you look at sequential basis, the incremental cost of borrowing are down from 8.24% to 8.14%. I believe this should be attributed to NHB drawdowns. Correct me if I am wrong. But then the same question which the earlier participant asked, doesn ’t this mean that the spreads should sort of climb going forward? And what’s your outlook on funding cost ahead? Thank you.
That helps, sir. Thank you and congratulations on a good quarter.
Aavas Financiers Limited CC-Dec23.pdf · 2024-02-02
Thank you Sir for the opportunit y. Sir a couple of questions so our employee count stands at around 6000 right and we have also been progressing well on LOS systems and the tech transformation how do you see going forward the productivity improvement and do you see consolidation around the 6000 odd account and if you could just bifurcate how much of this is part of collections and how much is actually on the ground or on the business acquisition side that is question number one?
Fair point Sir. Sir second question is correct me if I am wrong if I recall correctly last quarter you had mentioned that we have increased PLR by 40 basis points so did not we get any benefit on this side because you had also highlighted on risk adjusted yields earlier so did not we get any such benefits from here on the yields front?
Aavas Financiers Limited CC-Sep23.pdf · 2023-10-27
A couple of questions. Partially you did answer, bu t you mentioned the fact that now the systems are stabilizing and you're almost settling and this should happen by the year -end. So what is the disbursement run rate we should look forward to, especially in the light of H2 being slightly better than H1?
Sure. That helps. And sir, secondly, a little bit on yields , sorry, I might sound repetitive. So we can imply that the repricing is completely behind, right? Because you are almost on the verge of customer retention and therefore we have opted for a reduction rate. So the ability to pass on or the scope to pass on is limited from here on and therefore spreads would remain range bound, is that assessment correct?

Manappuram Finance Limited

Manappuram Finance Limited CC-Dec23.pdf · 2024-02-07
Ma'am, a question for you. So , you did mention that even in the next quarter, we'll see a similar spike in cost of funds. But then be it standalone or control liability mix , why is our term loan borrowings rising each quarter? And you, of course, did mention you're trying to contain that. But how do you see or perceive this liability mix changing , going forward? And if you could also highlight the high -cost borrowings, which will come for repricing going forward. And I have couple of other questions as well.
Okay. Okay. Tha t's a fair point. Secondly, sir did mention that this cost price spike , we are transmitting it through higher yields, and we also saw yields rising for gold loans. But then I wanted to know, so if our gold loan yields are rising and we did admit to the fac t that competition persists, especially on the gold loan side. And if I look at the gold loan net rises, so our AUM per branch has remained steady, then tonnage is slightly lower. As for the number of borrower count, I understand because few people open t he accounts, equal number of people even close, so I'm not arguing that. But going forward, then if this is the scenario and the yields are rising, tonnage slightly lower, then how confident are we or what are the levers to this 8% to 10% growth, which is looking healthy for gold on the gold loan side?

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited CC-Dec23.pdf · 2024-01-29
I have a couple of questions. One, because I joined the call late , i s it that the insurance distribution income has seen higher commission rates from say 5% to 15% last quarter? So, is this why there is one of f element and that's why the other income is lower? That's question number one. Question number two, I am looking at Stage-2B as is. So, since the time we started reporting this number, we have never seen decline or at best does remain stable. So, which sort of business segment is contributing to this? And there is one more that I will come back to. Yes, so these two.
So, one last question I am squeezing in. Should the new business contribution we were guiding earlier be around 15%-odd over the next few years. So, anything changes on that with the kind of systemic concerns arising? The new business share you guided last quarter will be around 15% over the next few years. So, anything changes on that with the kind of concerns we are seeing in the system?

SBI Cards and Payment Services Limited

CREDITACCESS GRAMEEN LIMITED

CREDITACCESS GRAMEEN LIMITED CC-Dec23.pdf · 2024-01-19
Thank you, sir, for the opportunity. A couple of questions. If I look quarter -on-quarter Tamil Nadu portfolio, so while the loan book has definitely marginally sort of increased, but if you look at the number of borrowers, that has slightly come down. So, is it that we are slightly calibrating your, after the flood impact or the business has already normalized in the entire region?
Sir, if I look at quarter-on-quarter movement in the Tamil Nadu belt. Sir, if you look at the loan book, that has actually gone a tad higher on a sequential, but the number of borrowers has fallen?

IIFL Finance Limited

IIFL Finance Limited CC-Dec23.pdf · 2024-01-18
Thank you, sir for the opportunity. I have three set of questions. Number one, you mentioned earlier that the margins are looking stable visibly going forward. But what reinforces your confidence given the fact that there is recalibration on M FI portfolio, digital loans are being clamped down due to regulatory forbearance, and also affordable disbursements are declining. So, which are the vectors that you believe will drive the stability in margins? That is number one. Number two, so, admittedly there, the supply shocks abstain on affordable housing finance side, right? So, can you just throw light upon how are we pairing on productivity metrics there in light of, presumably, the inquiries might have come down or the per files that we handle for months, what is the status there? And thirdly, you mentioned that on the microfinance business side, there will be recalibration on ease, right? I mean, you also mentioned that RBI might come hard probably on smaller players with higher interest rates on 28% not. But then, still, we are sort of recalibrating both growth and ease. So, are we coming from the fact that we are seeing some systemic risk building up, say, over-leveraging of customers? You also quoted an example wherein, somebody might be having a home loan or such. Are we seeing that or maybe you also sense that somewhere due to aggression led by tailwinds in the sector, probably regulator might be one, one-and-a-half years down the line?
Okay. Is it any way better now?
IIFL Finance Limited CC-Sep23.pdf · 2023-10-19
I have a couple of questions. One is for most of the NB FC managements I have been calling , have voiced out concerns on small ticket lending or personal loan segment. Mr. Jain you being a veteran, what are your inputs especially in light of IIFL Finance’s portfolio on the digital loan for finance side that’s question number one?
My second question spurting specifically to gold loan portfolio. So, how are the LTV, ticket size and customer segmentation working for us on the gold loan side, has there been any shifts given the current market scenario?