Stockrabit · Analysts
Questions across 24 calls

Viral Shah

IIFL Capital

Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited CC-Mar25.pdf · 2025-04-22
Hi, Raul. Thanks for the opportunity. So, Raul. I would say broadly three questions. One is, so I understand, of course, within Wheels, there's various moving parts which are playing out. But specifically with regards to the SUV portfolio, we mentioned this -- I'm sure we are referring to the exclusive partnership that we have forged with the parent to fund their EV business. So how, I would say, margin or ROE accretive is this business and why say being our ambition to be a more independent player, why should we then pursue this business? Second, I would say, is more on the asset quality front. So, see, I understand this year, we managed to track to the lower end of what you had guided 1.3%, but you had a PCR buffer which we kind of utilized this year. Now going ahead, how should one look at this business? Because incrementally, your -- not just the end losses, but then the provisioning on the non-NPA assets will also start contributing to your P&L cost? And thirdly, if you can give some color on the mortgage business, Raul, what is the plan over there? Like I understand you said that it could be over -indexed on the affordable side. But within that, what is the ticket size or the yield segment that we are targeting? That would be helpful.
Raul, if I may, just a few clarifications to the answers that you gave. So, on the mortgage side, you mentioned right sizing the business along. So, going ahead, will we be doing this business only in the sub or also in the stand-alone book?
Mahindra & Mahindra Financial Services Limited CC-Jun24.pdf · 2024-07-23
So, Raul, I have few questions. So one is on your yields, right? So, as you mentioned that it takes time to reflect on a book basis, the kind of hikes that you have taken. So, what explains the quarter-on-quarter 40 basis points decline in your yields? Because I'm sure the book mixes on a sequential basis wouldn't have made that kind of a difference?
So, Raul, if you can quantify like what was the interest write-back in 4Q and what was the kind of interest reversals that you had to do with this quarter?

Five-Star Business Finance Limited

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited CC-Jun24.pdf · 2024-07-29
Thank you for the opportunity. I have a few questions. So, one in terms of the credit cost. So while we have a changing book mix which is there I would say that from a medium -term perspective your credit cost could be a bit higher, but do we see also the fact that the recoveries in the home loans and LAP piece now that will moderate your credit cost where will it kind of say not for this year, but say '26, '27 where it would kind of settle on a BAU basis?
So, sir my question is that while you're in Home Loans and LAPs, there will be a bit of upside from where we were in FY '24. Plus, of course, the new businesses they are even despite the higher credit costs they are still ROA-accretive. So where will be the kind of normalized credit cost settle? Will it b e like 140 basis points levels a nd I'm not asking for FY '25, but more like say '26, '27 how one should look at it?