Podcast
Questions and Answers
What has contributed to the increased revenue in the internal treasury operations despite a drop in EBIT?
What has contributed to the increased revenue in the internal treasury operations despite a drop in EBIT?
What does the term 'EBIT' stand for?
What does the term 'EBIT' stand for?
What is the relationship between physical trades and EBITDA as suggested in the conversation?
What is the relationship between physical trades and EBITDA as suggested in the conversation?
What factor is mentioned as a mix complicating the interpretation of internal treasury operations?
What factor is mentioned as a mix complicating the interpretation of internal treasury operations?
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What was the response to Anurag Agarwal's question regarding EBIT?
What was the response to Anurag Agarwal's question regarding EBIT?
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How long has the business been operating with the new license?
How long has the business been operating with the new license?
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What is one indication of the future outlook of the business as discussed?
What is one indication of the future outlook of the business as discussed?
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What does the drop in EBITDA correlate with according to Nirbhay Vassa?
What does the drop in EBITDA correlate with according to Nirbhay Vassa?
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What date was the Q3FY24 earnings conference call held?
What date was the Q3FY24 earnings conference call held?
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Which regulation is mentioned regarding the disclosure requirements?
Which regulation is mentioned regarding the disclosure requirements?
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Who signed the letter to BSE and NSE?
Who signed the letter to BSE and NSE?
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What is the BSE Script Code mentioned in the communication?
What is the BSE Script Code mentioned in the communication?
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What was the format of the document being provided to BSE and NSE?
What was the format of the document being provided to BSE and NSE?
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What type of call was hosted on February 15, 2024?
What type of call was hosted on February 15, 2024?
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What is the CIN for Abans Holdings Limited?
What is the CIN for Abans Holdings Limited?
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What is the main purpose of the communication sent to BSE and NSE?
What is the main purpose of the communication sent to BSE and NSE?
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What do the treasury operations investment strategies primarily utilize?
What do the treasury operations investment strategies primarily utilize?
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Which type of fund is the company considering entering within the mutual fund industry?
Which type of fund is the company considering entering within the mutual fund industry?
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What is the primary reason for the company's interest in the commodities ETF space?
What is the primary reason for the company's interest in the commodities ETF space?
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Who predominantly dominates the mutual fund asset management space according to the discussion?
Who predominantly dominates the mutual fund asset management space according to the discussion?
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What advantage does the organization claim in understanding commodities?
What advantage does the organization claim in understanding commodities?
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What challenge is indicated regarding niche asset managers in the mutual fund space?
What challenge is indicated regarding niche asset managers in the mutual fund space?
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What reflects the return on the company's internal treasury money?
What reflects the return on the company's internal treasury money?
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What type of risk do the treasury operations investment strategies aim to maintain?
What type of risk do the treasury operations investment strategies aim to maintain?
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What was the effect of the recent infusion of 100 crores liquidity on the NBFC business?
What was the effect of the recent infusion of 100 crores liquidity on the NBFC business?
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What is the current net interest margin (NIM) in the NBFC business mentioned?
What is the current net interest margin (NIM) in the NBFC business mentioned?
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When was the payment license acquired by the company?
When was the payment license acquired by the company?
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What is the company's primary focus regarding its payment license?
What is the company's primary focus regarding its payment license?
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What was indicated about the Indian payment industry?
What was indicated about the Indian payment industry?
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What factor is not considered in calculating the net interest margin?
What factor is not considered in calculating the net interest margin?
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What challenges are faced in the payment industry as mentioned?
What challenges are faced in the payment industry as mentioned?
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Which company was mentioned in connection with the payment license acquisition?
Which company was mentioned in connection with the payment license acquisition?
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What is the significance of India transitioning from a $3 trillion economy to a $10 trillion economy?
What is the significance of India transitioning from a $3 trillion economy to a $10 trillion economy?
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What has Abans Holdings gained from its experience in the asset management industry?
What has Abans Holdings gained from its experience in the asset management industry?
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What does the term 'tailwind phenomenon' imply regarding Abans Holdings' growth?
What does the term 'tailwind phenomenon' imply regarding Abans Holdings' growth?
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Which of the following contributed to the revenue increase from the agency segment?
Which of the following contributed to the revenue increase from the agency segment?
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What percentage growth did the NBFC AUM size achieve during the first nine months of FY24 compared to FY20?
What percentage growth did the NBFC AUM size achieve during the first nine months of FY24 compared to FY20?
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What aspect does the agency fee include as mentioned by the management?
What aspect does the agency fee include as mentioned by the management?
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Which statement best represents the current dynamics of asset managers in India?
Which statement best represents the current dynamics of asset managers in India?
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What is implied by the term 'investable surplus wealth' in the context discussed?
What is implied by the term 'investable surplus wealth' in the context discussed?
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What is the highest loan dispersal mentioned in the discussion?
What is the highest loan dispersal mentioned in the discussion?
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Which type of business is mentioned as being operated outside of GIFT?
Which type of business is mentioned as being operated outside of GIFT?
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Which exchange licenses does Abans hold in the Indian market?
Which exchange licenses does Abans hold in the Indian market?
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In which sector is GIFT expected to significantly grow according to Nirbhay Vassa?
In which sector is GIFT expected to significantly grow according to Nirbhay Vassa?
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Which international exchanges is Abans a member of?
Which international exchanges is Abans a member of?
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What aspect of GIFT city is highlighted as essential for business growth?
What aspect of GIFT city is highlighted as essential for business growth?
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What type of fund is already housed out of IFSC?
What type of fund is already housed out of IFSC?
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How are the business expectations described by Nirbhay Vassa towards GIFT?
How are the business expectations described by Nirbhay Vassa towards GIFT?
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Study Notes
Abans Holdings Limited - February 20, 2024
- Company Overview: Abans Holdings Limited is a diversified financial services company with operations in India, UK, Dubai, and Mauritius. It offers institutional broking, asset management, financial lending, treasury operations, and remittance services.
- Q3 FY24 Earnings Conference Call: The call took place on February 15, 2024.
- Consolidated Revenue: Reached approximately ₹1100 crore, a significant 92% increase year-over-year.
- EBITDA: Increased to ₹99 crore, demonstrating 120% growth compared to the previous year. EBITDA margins were 8.9% with 111 basis point year on year growth.
- Net Profits: Reached ₹68 crore, showing a 43% rise year-on-year.
- Total Assets under Management (AUM): Increased from ₹1665 crore in March 2023 to ₹2500 crore as of December 31, 2023.
- EBITDA from Agency Business: Increased from ₹9 crore to ₹45 crore year-on-year.
- ESOP Expenses (Employee Stock Option Plans): Approximated ₹9 crore in Q3 2024, part of a three-year plan.
- GIFT City Operations: Abans Holdings has branch in GIFT City for asset management, investment bank services, and an alternative investment fund.
- Alternative Investment Funds (AIF): Abans Holdings manages a Category 2 AIF domestically, and has a pending Category 3 AIF application in the IFSC.
- NBFC (Non-Banking Financial Company) Subsidiary: Abans Finance Private Limited (NBFC) is looking to expand lending operations in GIFT City. Regulatory approvals are pending.
- Global Operations: Abans Global Limited, a UK subsidiary, operates a global in-house center in GIFT City (potentially reducing costs).
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