Q&A Insights: Mahrukh Adajania from @EdelweissFin asked about transfer of standard assets to ARC. Puneet Sharma CEO said AXISBANK has not transferred standard assets to ARC. There was only one transfer, which was an NPA of INR 215.78 crores, that was sold to an ARC in 4Q.
Q&A Insights: Rohan Mandora from @EquirusGroup enquired about the segments where the bank will look to grow faster. Puneet Sharma CEO replied that the focus segments would be the mid-corporate segment and commercial banking segment.
Q&A Insights: Rohan Mandora from @EquirusGroup asked how the bank is pacing the PSL. Amitabh Chaudhry MD replied that AXISBANK has met the PSL requirements for the second year in a row across all the categories.
Q&A Insights: Kunal Shah from @ICICI_Direct enquired about the standard and the non-NPA provisioning declining. Puneet Sharma CEO said the bank has netted provisions off against the investments and this caused the reduction in both SR figures and standard asset provision number.
Q&A Insights: Jai Mundhra from B&K Securities asked about the economics of Airtel co-branded credit card tie up. Sanjeev Moghe EVP replied that AXISBANK is seeing a healthy traction, and it will continue to see gains going along.
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LAURUSLABS said that based on its healthy product pipeline, it continues to invest in FDF infrastructure. And brownfield expansion at Unit 2 is progressing as per expectation and is expected to add significant capacity to FDF operations, taking the capacity to 10 billion units.
Q&A Insights: Tushar Manudhane of @MotilalOswalLtd asked about the selling prices of ARV, its fall over last 6 months and drivers of it. Satyanarayana Chava CEO said that ARV sales in FY22 for most companies were significantly lower. API and ARV prices both were down around 10%.
WIPRO stated that for FY23, it expects to grow in double digits and margins for the medium term is expected to hold in the 17-17.5% band. However, for the next 2-3 quarters, WIPRO expects to see slightly lower margins.
Q&A Insights: Kumar Rakesh from @BNPParibas asked about the operations of Rizing. Rajan Kohli MP said that Rizing will operate under Application and Data business, adjacent to SAP business. The idea is to drive synergies between Rizing and Wipro’s SAP business and go to market.
HINDUNILVR said it expects near-term operating environment to remain challenging. The company added that its margins will decline in short-term as price versus cost gap increases.
HINDUNILVR reported that the company crossed the INR50,000 crore turnover mark in FY22. The company remains confident of outpacing FMCG market growth and recovering margins in a phased manner.
Q&A Insights: Prayesh Jain of @MotilalOswalLtd asked about business going ahead with the merger between HDFC Limited and HDFC bank. Navneet Munot MD said this will facilitate more efficient cross-selling of banking and financial services products that includes insurance and MF.
Q&A Insights: Prayesh Jain of @MotilalOswalLtd asked how the company’s expenses are panning out. Navneet Munot MD replied that opex has been around 13 bp which has been the trend. However, despite business promotion, marketing, NFO etc. HDFCAMC has maintained the expenses.
For FY23, KPIT said it’s looking at revenue growth in the range of 18-21% in constant currency, 18-19% EBITDA margin and about 25% volume growth.
Q&A Insights: Karan Uppal from @Phillip_Capital asked about the $125 million client wins in 4Q and if all were T21 clients. Kishor Patil CEO said KPIT’s focus has been on T21 and most of the wins were for T21.
AUFI generated its higher ever operating profit in 4Q22. The company said 40% of its new customers acquired in 4Q were through the recently launched digital channels and products.
Q&A Insights: Aditya Jain of @Citi asked about steady reduction in cost of funds on liability side and share of floating rate loans on the book. Sanjay Agarwal MD said it was due to inflation and interest rate cycle being tough. The share of floating was 25% and 75% was fixed.