Home / Transcripts / SRG Housing Finance Limited (534680) · October 31, 2023

SRG Housing Finance Limited (534680) Earnings Call Transcript

October 31, 2023

BSE Limited IN Financials Consumer Finance earnings 39 min

Earnings Call Speaker Segments

Operator operator
#1

Ladies and gentlemen, I welcome you all to the Q2 FY '24 Post Earnings Conference Call of SRG Housing Finance Limited. Today on the call from the management we have with us, Mr. Vinod Jain, Managing Director; and Mr. Ashok Modi, Chief Financial Officer. As a disclaimer, I would like to inform all of you that this call may contain forward-looking statements, which may involve risks and uncertainties. Also, this is a reminder that this call is being recorded and the call shall be conducted in Hindi language. I would now request the management to detail us about the performance highlights for the quarter that went by, the growth plans and visions for the coming year, post which we will open the floor for Q&A. Over to you, sir.

Vinod Jain executive
#2

[Foreign Language]

Operator operator
#3

[Operator Instructions] Sir, till the time the Q&A assembles, we keep talking to a lot of investors [Foreign Language]

Vinod Jain executive
#4

[Foreign Language]

Operator operator
#5

[Foreign Language]

Vinod Jain executive
#6

[Foreign Language]

Operator operator
#7

Sir, there is a question in chat from [ Arvind Kumar ]. Great results, great disbursements, what is the 5-year vision, sir?

Vinod Jain executive
#8

[Foreign Language]

Operator operator
#9

We'll take the next question from [ Rupesh Sathya ].

Unknown Analyst analyst
#10

Congratulations, sir, for very good results. [Foreign Language]

Vinod Jain executive
#11

[Foreign Language]

Unknown Analyst analyst
#12

Okay. Okay, sir. [Foreign Language]

Vinod Jain executive
#13

[Foreign Language]

Unknown Analyst analyst
#14

[Foreign Language]

Vinod Jain executive
#15

[Foreign Language]

Unknown Analyst analyst
#16

[Foreign Language]

Vinod Jain executive
#17

[Foreign Language]

Unknown Analyst analyst
#18

[Foreign Language]

Vinod Jain executive
#19

[Foreign Language]

Unknown Analyst analyst
#20

[Foreign Language]

Vinod Jain executive
#21

[Foreign Language]

Unknown Analyst analyst
#22

[Foreign Language]

Vinod Jain executive
#23

[Foreign Language]

Unknown Analyst analyst
#24

[Foreign Language]

Vinod Jain executive
#25

[Foreign Language]

Unknown Analyst analyst
#26

[Foreign Language]

Vinod Jain executive
#27

[Foreign Language]

Unknown Analyst analyst
#28

[Foreign Language] only when the growth goes above 20% [Foreign Language]

Vinod Jain executive
#29

[Foreign Language]

Unknown Analyst analyst
#30

[Foreign Language]

Vinod Jain executive
#31

[Foreign Language]

Unknown Analyst analyst
#32

[Foreign Language]

Vinod Jain executive
#33

[Foreign Language]

Unknown Analyst analyst
#34

[Foreign Language]

Vinod Jain executive
#35

[Foreign Language]

Unknown Analyst analyst
#36

[Foreign Language]

Vinod Jain executive
#37

[Foreign Language]

Unknown Analyst analyst
#38

[Foreign Language] Okay, okay. Best of luck, sir. We hope to see INR 1,000 crores AUM soon, sir.

Operator operator
#39

We'll take the next question from the line of [ Rohan Shah ].

Unknown Analyst analyst
#40

[Foreign Language]

Vinod Jain executive
#41

[Foreign Language]

Unknown Analyst analyst
#42

[Foreign Language]

Vinod Jain executive
#43

[Foreign Language]

Operator operator
#44

There's another question on the chat from [ Arvind Kumar ]. Profit margin is getting suppressed due to rising interest rates and branch expansion expenses. Sir, when can we see the profit margins we have seen in the past? [Foreign Language]

Vinod Jain executive
#45

[Foreign Language]

Operator operator
#46

[Foreign Language] what is the NIM for the current quarter?

Vinod Jain executive
#47

[Foreign Language]

Operator operator
#48

[ Luxmi ], you can unmute and ask your questions.

Unknown Analyst analyst
#49

[indiscernible]...

Operator operator
#50

[ Luxmi ], we can't hear clearly, could You speak a bit closer?

Unknown Analyst analyst
#51

Am I audible now?

Operator operator
#52

No, you'll have to speak a bit louder, please.

Unknown Analyst analyst
#53

Hello, sir. Am I audible now?

Operator operator
#54

Yes.

Vinod Jain executive
#55

Yes, yes.

Unknown Analyst analyst
#56

Yes. Sir, firstly, congratulations on a great set of numbers. [Foreign Language]

Vinod Jain executive
#57

[Foreign Language]

Unknown Analyst analyst
#58

[Foreign Language]

Vinod Jain executive
#59

[Foreign Language]

Unknown Analyst analyst
#60

Sir, one last question. [Foreign Language]

Vinod Jain executive
#61

[Foreign Language]

Unknown Analyst analyst
#62

[Foreign Language]

Vinod Jain executive
#63

[Foreign Language]

Operator operator
#64

[Foreign Language]

Vinod Jain executive
#65

[Foreign Language]

Operator operator
#66

[Foreign Language]

Vinod Jain executive
#67

100%, 100%, sir.

Operator operator
#68

Okay. Okay. Right, sir.

Vinod Jain executive
#69

[Foreign Language]

Operator operator
#70

We'll take the next question from the line of [ Kamlesh ].

Unknown Analyst analyst
#71

[Foreign Language]. Sir, first of all congratulations [Foreign Language]

Vinod Jain executive
#72

[Foreign Language]

Unknown Analyst analyst
#73

[Foreign Language]

Vinod Jain executive
#74

[Foreign Language]

Unknown Analyst analyst
#75

[Foreign Language]

Vinod Jain executive
#76

[Foreign Language]

Unknown Analyst analyst
#77

Okay. [Foreign Language]

Vinod Jain executive
#78

[Foreign Language]

Unknown Analyst analyst
#79

Okay. [Foreign Language]

Vinod Jain executive
#80

[Foreign Language]

Unknown Analyst analyst
#81

[Foreign Language]

Vinod Jain executive
#82

[ Kamlesh ], [Foreign Language]

Operator operator
#83

Sir, there is another question in the chat from Mr. [ Arvind Kumar ]. Are you planning to open branches in South India? Why you're not entering into Kerala state?

Vinod Jain executive
#84

[Foreign Language]

Operator operator
#85

[Foreign Language]

Vinod Jain executive
#86

[Foreign Language]

Operator operator
#87

[Operator Instructions] [ Kalpesh ], you can go ahead and ask the question, [ Kalpesh Mahajan ].

Unknown Analyst analyst
#88

Congratulations [Foreign Language]

Vinod Jain executive
#89

[Foreign Language]

Unknown Analyst analyst
#90

Okay.

Vinod Jain executive
#91

[Foreign Language]

Unknown Analyst analyst
#92

Okay, okay.

Vinod Jain executive
#93

[Foreign Language]

Operator operator
#94

We will take the next question from [ Aditya Doshi ].

Unknown Analyst analyst
#95

Congratulations. [Foreign Language]

Vinod Jain executive
#96

[Foreign Language]

Operator operator
#97

Sir, since there are no further questions, would you like to give some closing comments so we can end this con call?

Vinod Jain executive
#98

[Foreign Language]

Operator operator
#99

Thank you, sir. That brings us to the end of this conference call. We thank the management for giving their valuable time for the call. And thank you to all the participants for joining us on the call. Thank you, sir.

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