ABCAPITAL / Q1-FY26 / claim-ledger

Audit the questions that mattered.

Aditya Birla Capital · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ1-FY26 · 2025-07-25Back to quarter ↗

Questions audited

11

Answered directly

73%

Numeric claims

0

Consistency

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Question ledger

What was answered, and how?

Chintan Shah · ICICI Securities

direct

Customer profile in unsecured MSME and how guarantee scheme works.

Your first question on the unsecured SME, if you look at our total book, it is INR 12,000 crores. Out of that, 1.6% is supply chain... 6.5% which is business loan... The more ticket unsecured loan, we call it STUL, that is around 1.3%... In terms of your second question... 53% of the stage three is guaranteed by the CGT SME... 75% of the principal gets covered by the guarantee and timeline is it takes between 12-18 months.

Chintan Shah · ICICI Securities

evasive

When will unsecured MSME disbursements normalize?

If you look at our business loans, we will continue to grow our business loan... We will continue to grow the short-term unsecured business. What we are tightening is the small, ticket unsecured load, and we will continue to watch that and see how it really performs.

Chintan Shah · ICICI Securities

direct

Size of small ticket unsecured loan portfolio.

That's close to INR 1,700 crore, which is there on the total portfolio.

Chintan Shah · ICICI Securities

partial

Risk only on INR 1,700 crore portfolio?

From a sourcing point of view, yes. In terms of portfolio, this is the portfolio that would have been underwritten 12, 18 months back or three to four months back. Yes, we are watching it very closely.

Chintan Shah · ICICI Securities

direct

Competition and growth outlook for housing portfolio.

For us, growth is coming in all the three segments... with the repo rate going down, naturally some elevation—you see foreclosures that we call in the prime segment, and those ratios overall are in the range of about 14% of the opening book... I think we can see the growth momentum remaining quite consistent for us.

Avinash Singh · Emkay Global

partial

NIM trajectory and consumer leverage outlook.

If you look at NIM, it is an outcome of the correct mix which we have. The mix of higher yielding unsecured loan... was at 22% as of June 2025... We expect that as the portfolio grows... our margins should start improving. In the next few quarters, you will see margins improving from here on.

Avinash Singh · Emkay Global

direct

Capital adequacy and need for capital raise.

Yes, our tier one ratio is 15.62% and total cap add is at about 18.11%. During the quarter, we infused INR 250 crore in our HFC subsidiary... we are sufficiently funded for our growth requirement for next nine to 12 months and to look at any capital situation post that.

Abhijit Tibrewal · Motilal Oswal

direct

Clarify stress only in small ticket unsecured loans.

Yes, Abhijit, you are right. We are not seeing any stress in any other portfolio.

Abhijit Tibrewal · Motilal Oswal

direct

Government guarantee coverage at overall portfolio level.

Similar, upwards of 50% is covered on the overall portfolio on the business and STUL.

Abhijit Tibrewal · Motilal Oswal

partial

Trends in LAP portfolio and micro LAP exposure.

If you look at touchpoint, I think the performance is very, very strong... this portfolio has seen difficult cycles... very, very good.

Abhijit Tibrewal · Motilal Oswal

declined

Write-offs in NBFC and HFC this quarter.

We do not disclose write-off as of now. I think, we will stay with that.

Punit Bahlani · Macquarie

partial

Provision coverage adequacy and OpEx improvement in HFC.

As I mentioned, 75% of the principal is guaranteed. We believe that 35.7% or 36% PCR is quite sufficient in this work.