Robust fundamentals, strong business performance
PAT 386 Cr. A 84% Yor
New accounts 1million up 10% YOY
Net spends 55k cr up 47% YOY
Total revenue at 3140 cr up 24% YOY
ROAA at 5.0% up 179 bp YOY .
Key trends
Market share
Cards in force -19.2%
Spends - 19%
Transactions -20%
Strong Capital adequacy ratios .
New lunches 💳
SBI Card pulse .
TATA Card On visa network .
There is an option to pay rent using Credit Card on CRED.
Let’s consider you paid rent of rupees 15000 using credit card you pay a service charge if 233 for 15000 rent payment which is 1.55%. Plus CRED has a 50 rupees cashback offer so the service share comes to 233-50=183. 2/9
For bank of baroda credit cards:💳
There is a 300 rupees cashback if you do a rent payment of ₹15000 . So virtually you pay 15000+233( service charge)-300 (cashback ). So virtually you pay ₹14933 from your credit card . But you receive ₹15000 your bank account . 3/9
PVC Pipe Industry🧵
The Indian PVC pipes and fittings market expected to register 15% CAGR during FY22 - FY26
The domestic plastic pipes industry size at ~ Rs 340Bn
Organized players account for ~60% market share.
Source - Apollo Pipes Q3 FY22 Investor presentation 👨🔧 @ishmohit1
Key features of plastic pipes against other pipes
- Lightweight
- Ease of transportation
- Longer life span
Key growth drivers:
- Government's push for cleanliness and sanitation to boost water management sector
- Increased Building of affordable houses and growing housing demand
- Requirement for infrastructure for irrigation and water supplies.
Bajaj Finance - how does Bajaj Finance make money on no cost EMI ? how is it a goldmine for customer acquisition and collecting insights and data on customers for bajaj finance?
Bajaj Finance is India’s largest consumer durable financier and finances more than 70% of all consumer durables financed in India. BAF’s mainstay is no cost EMIs where a consumer who buys a TV, AC or a fridge is offered a 0% EMI with no/minimal processing fees. 1/
Such a transaction is a win-win-win for the customer, the manufacturer and for Bajaj Finance because: 2/
Laurus Labs Ltd. – A leading research-driven pharmaceutical company. 1/
Laurus Labs was established in 2006 with an initial seed capital of Rs.60 crores by a chemist and repeat entrepreneur, Dr. Satyanarayana Chava, who has three decades of experience in the pharmaceutical industry. 2/
Dr. Chava worked as the Chief Operating Officer for Matrix Laboratories Limited prior to founding Laurus Labs. By 2008, Laurus had begun its decade-long journey in APIs. These are the chemicals or the key ingredients used in drugs. 3/
Amazon and Flipkart users must have used the pay later facility which allows you to pay for your orders after a certain time period . @IDFCFIRSTBank had partnered with a startup which focuses on SME lending called capital float . 1/
Why I like this bank ?
As everyone knows India is a huge market and there will be a explosion of discretionary spending when per capita income will grow from $2000 -$3000 And so on in future. 2/
India In the early days was a saving economy remember our parents used to say save money and don’t spend . But as the per capita income increased the discretionary spends also increased
When the per capita income is $1000 the essential is $900 and $100 is discretionary 3/