Aditya Birla Capital · Analyst questions, management answers, and the quality of the response where the ledger is available.
ConCallIQ research layer
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Questions audited
12
Answered directly
92%
Numeric claims
3
Consistency
mixed
Question ledger
Chintan Shah · ICICI Securities
directWe have already got an in-principle approval from both BSE and NSE... My expectation is, since this is the merger of our 100% subsidiary into ABC, typically the time required is shorter... our endeavor would be to complete the process by March 31st, 2025.
Chintan Shah · ICICI Securities
directRegulation does not prohibit NBFCs to hold the percentages that we are holding today... In our case, in case of insurance, we are allowed to hold more than 50% with a specific approval from RBI. There is no prohibition.
Chintan Shah · ICICI Securities
directWe have grown 25% year-on-year. Yes, sequentially it is 2%, but that's a calibrated growth... we have dialed this segment down. But we continue to be very positive in terms of growing 25%+ year-on-year... margins have compressed because of the change in the product mix, but as we grow our unsecured business... we should be able to manage our margins.
Chintan Shah · ICICI Securities
directSo it should be around these levels, is what we see, in this year. Yeah, in the next few quarters, it will be in this range as well.
Avinash Singh · Emkay Global
directWe continue to be very bullish on both these segments... we have built direct sourcing channels... In terms of the quality stage three... it's primarily because of the degrowth in the denominator. The normal flow is quite stable.
Avinash Singh · Emkay Global
directFirst quarter for us is... we still were able to reach 20% plus NIM margins. So we actually catch up on our net NIM margins through the year... If you look at the guidance, it is still 18%+. Last year we were at about 20.2%. If you are in the 18%-19% range, we are still saying there could be a loss of about 100-250 basis points.
Bhaskar Basu · Jefferies
directWe dispersed close to 14,000-15,000 crore INR in a quarter... this is a small part... primarily secured loans... In terms of what is our strategy, these are portfolio interventions we look at... our ability to cherry-pick good quality portfolio.
Bhaskar Basu · Jefferies
partialWe always do our unit economics... it has to match our credit underwriting standards... in terms of unit economics, whether it is return on assets or return on equity, it has to mark up and meet that minimum hurdle.
Bhaskar Basu · Jefferies
directWe have always operated in the range of 30%-31% cost-income ratio, and we will continue to operate in that range. Yes, there will be one quarter where some marketing expense comes out... but it will normalize.
Bhaskar Basu · Jefferies
partialOur provision coverage is quite in line. I think your last quarter was 49.9%. This quarter is 49.5%. So very, very within same line... For a higher risk segment, our provision coverage is almost 86%.
Suresh Ganapathy · Macquarie Capital
directWe had always guided that we will come to 3% ROA in the next 2-3 years. We still are confident that we will be able to deliver... we will continue to follow 3%, and we will deliver that in the time period which we had shown.
Suresh Ganapathy · Macquarie Capital
directWe have close to about INR 1,900 crore-INR 2,000 crore of equity capital right now, which will suffice us for next about 28 months of growth. Also, the amalgamation of ABCL and ABFL helps us release a capital of close to about INR 3,500 crore. So I don't see CapEx in the near term should be an issue.
