BAJFINANCE / Q1-FY24 / claim-ledger

Audit the questions that mattered.

Bajaj Finance · Analyst questions, management answers, and the quality of the response where the ledger is available.

Research layer active

ConCallIQ research layer

Signal, with the source still visible.

Use the controls below to narrow the view, then follow the evidence into the next layer of context.

PositiveQ1-FY24 · 2023-07-20Back to quarter ↗

Questions audited

Answered directly

83%

Numeric claims

Consistency

—

Question ledger

What was answered, and how?

Bharat Shah · ASK Investment Managers

direct

What are the trouble spots or areas of concern despite perfect quarter?

I had outlined even in my fourth quarter call, that we are a little troubled about the level of leverage in the system. The amount of personal loan growth is troubling us.

Bharat Shah · ASK Investment Managers

direct

Will ROE remain at similar or better levels?

We think a 21%-23% ROE, given 19, 20, 23, 24, and mind you, last year, we had no one-timers... We are penciling in that the long-term guidance, we are upping from 19%, 21% to 21%, 23%.

Piran Engineer · CLSA India

direct

Can customers move into cross-sell franchise bucket over time?

Any customer who ever went into 30 plus, can never move bucket, the filter. ... We don't deal with clients who ever go into 30 plus.

Piran Engineer · CLSA India

partial

How much of personal loan growth is tenure vs disbursement? Are lenders expanding pie?

Clearly, pie has expanded. ... It's an industry-wide phenomena, straddles across public, private, non-bank, everybody.

Piran Engineer · CLSA India

declined

What % of consol borrowings are repo linked?

I don't have it handy, Kiran. I'll probably connect with you separately.

Gaurav Singhal · Aspex Management

direct

What is expected NIM compression for remaining quarters?

We expect about 10 to 15 basis point compression for at least 2 quarters. ... quarter 2 and quarter 3.

Gaurav Singhal · Aspex Management

direct

Will operating leverage continue for rest of year?

I guess, Gaurav, you'll see it coming, I think throughout the year. It'll be slow but steady, is what I can tell you.

Kuntal Shah · Oaklane Capital

partial

What are DAU/MAU metrics for digital journey? What is social and rewards?

Rewards, principally, when we look at, the only way you could become a customer and buy rewards is to go to Times Reward. ... Social is all about if you use Instagram, you won't find any content there. It's all about videos and photos.

Kuntal Shah · Oaklane Capital

evasive

Any way to monetize or recover money from IL&FS/Gift City?

Gift City, I don't have an update, Kuntal, at this point in time.

Shweta Daptardar · Elara Capital

direct

How do you perceive gold loan business going forward?

Foresee ending balance sheet could be anywhere between INR 5,000-INR 5,500 crore. We have doubled down on the business... We now have 564 branches.

Shweta Daptardar · Elara Capital

declined

Can you disclose captive vs non-captive portfolio on two/three-wheeler?

Very early. ... when we reach INR 5,000 crore, just connecting this point to the gold loan, we would start to disclose gold loan also separately.

Prashant Sarangi · SBI Mutual Fund

partial

How many customers rejected this quarter due to over-leverage?

In general, if I would take a funnel view, those customers to whom I give B2B don't default at all. Of that, I land up offering a personal loan only to 60%. Eventually, I land up giving only to 40.