CARBORUNIV / Q2-FY26 / claim-ledger

Audit the questions that mattered.

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

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PositiveQ2-FY26 · 2025-10-30Back to quarter ↗

Questions audited

Answered directly

63%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Dantara · Green Edge Belt

partial

Why no reduction in credit cost in H2 despite full-year guidance?

we said anywhere between 2.6 to 2.77 and a half. I think we will hopefully should see an improvement. Like I said that the quality of the new book is actually better than what we were seeing in the April 24.

Dantara · Green Edge Belt

evasive

Will partnership loan book growth improve next 12 months?

we look at credit solution as a single cohort... focus is more towards building a holistic credit solution business rather than a simplified balance sheetled approach.

Dantara · Green Edge Belt

direct

Why was opex higher this quarter?

The idea was to proactively also build back on the both while we continue to hold the infra on the rural finance side but we also wanted to build a lot more on the direct lending capabilities.

Shwa · Vara

partial

Are MSME challenges subsiding? Transaction volumes sluggish.

we continue to follow a calibrated and a little bit cautious approach. We do not represent in a placement business institution where we don't track risk.

Shwa · Vara

evasive

What contributed to higher credit cost in intermediate retail?

it's a prudent provisioning which we're carrying on some of the accounts. There is no specific reason for us to do it but we wanted to have enough management overlay.

Shubranch Mishra · Philip Capital

evasive

Which MSME sectors are under stress?

Primarily big focus is to do lending with the average ticket size of 10 to 85 lakhs which is secured by hard collateral... we not seeing any stress.

Chintan Sha · ICA Securities

direct

How much of funding cost benefit is yet to come?

we have roughly we have availed 50% of the benefit of the MCLR cuts but repricing of around 50% of our balance liabilities is yet to happen that will gradually happen in December and March quarter.

Chintan Sha · ICA Securities

partial

Is opex of 3.7% the peak?

the opex of 3.7% is largely the employee cost and the other opex and that has slightly increased and as Ashish mentioned primary load account of the collection infrastructure.

Hendra Pradhan · Maximal Capital

direct

What is credit cost guidance for FY27?

if you're going to end this year at 2.6 to 2.7 the following year our credit cost should be between 2.3 to 2.5% here or 2.6%. It shouldn't be more than that.

Hendra Pradhan · Maximal Capital

direct

Where will fee income settle as % of assets?

on a full year basis we should be close to 80 85 to 90 basis point and as we go forward this number should be upward of 90 to 110 basis point.

Dal Javi · Crown Capital

direct

Is AUM growth guidance 20-22% and ROA 2%?

No no we said the overall growth of 22 to 20 22% 20 to 22% and ROI of 2.8%.

Jariala · Dan Capital

direct

What are green shoots in rural business?

the MFI grade cost Q1 was 7.7 and Q2 is 5.1%. we should expect the trade cost to improve... 1 to 90 has actually come down quite a bit between Q1 and Q2.