Abans Holdings Nov-24
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Questions and Answers

What is the trailing P/E ratio mentioned?

  • 23-24 (correct)
  • 25-26
  • 22-23
  • 20-21

    • What is anticipated for the market according to the discussion?

  • A decrease in trading volumes
  • A significant increase in stock prices
  • Time correction (correct)
  • Unpredictable trends

    • What drives the growth in the agency business mentioned?

  • Decreased market competition
  • Lower operational costs
  • Fewer new investments
  • Increased subscription fees (correct)

    • What type of income is NOT mentioned as part of the agency business?

    <p>Sales commission</p> Signup and view all the answers

    What percentage is referred to for the annual growth in AUM?

    <p>40%</p> Signup and view all the answers

    Which type of holding have FPIs sold as mentioned?

    <p>G-Sec holdings</p> Signup and view all the answers

    What aspect of the agency business is not explicitly listed?

    <p>Performance analysis fees</p> Signup and view all the answers

    Who congratulated the team on delivering great numbers?

    <p>Tejpal Singh</p> Signup and view all the answers

    What is the main purpose of today's earnings call as stated by Purvangi Jain?

    <p>To educate and bring awareness about the company's performance</p> Signup and view all the answers

    Which statement describes Abans Holdings Limited?

    <p>A multinational financial services company</p> Signup and view all the answers

    Who is introduced as the Chief Financial Officer in the earnings call?

    <p>Mr. Nirbhay Vassa</p> Signup and view all the answers

    What caution does Purvangi Jain provide regarding forward-looking statements?

    <p>They are subject to risks and uncertainties.</p> Signup and view all the answers

    Which regions does Abans Holdings have established operations in?

    <p>India, UK, Mauritius, Dubai, Hong Kong</p> Signup and view all the answers

    What role does Mr. Ketur Shah hold in the company?

    <p>Assistant Vice President</p> Signup and view all the answers

    What primarily influences the EBITDA margin of the company?

    <p>Fee income, lending income, and treasury turnover</p> Signup and view all the answers

    Why might EBITDA margins appear lower in quarters with high treasury turnover?

    <p>Higher revenue leads to decreased profit margins</p> Signup and view all the answers

    How has Abans Holdings changed over the years?

    <p>From a commodities trading company to a diversified financial services company</p> Signup and view all the answers

    What has been the trend in the capital markets as indicated by Chintan Mehta?

    <p>A significant increase followed by a correction</p> Signup and view all the answers

    What type of financial services does Abans Holdings provide?

    <p>Comprehensive services including broking, management, and lending</p> Signup and view all the answers

    What factor is primarily causing foreign portfolio investors (FPIs) to book profits?

    <p>High valuations in the Indian market</p> Signup and view all the answers

    What level did the Nifty reach at its peak after the COVID-19 crisis?

    <p>26,800</p> Signup and view all the answers

    What amount did foreign holders reportedly withdraw in October?

    <p>1 lakh crore rupees</p> Signup and view all the answers

    How does the management suggest analyzing EBITDA margin?

    <p>From a segment point of view rather than overall sales</p> Signup and view all the answers

    What is a potential ongoing trend in November regarding foreign investments?

    <p>Continued profit booking by FPIs</p> Signup and view all the answers

    Who is the Company Secretary & Compliance Officer of Abans Holdings Limited?

    <p>Sheela Gupta</p> Signup and view all the answers

    On what date was the Q2 FY2024-25 earnings conference call held?

    <p>November 12, 2024</p> Signup and view all the answers

    Which regulation forms the basis for the submission made by Abans Holdings Limited?

    <p>SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015</p> Signup and view all the answers

    Which department is addressed in the correspondence from Abans Holdings Limited?

    <p>National Stock Exchange of India Limited</p> Signup and view all the answers

    What is the subject of the communication sent to BSE and NSE?

    <p>Intimation under Regulation 30</p> Signup and view all the answers

    Which organization is hosting the earnings conference call?

    <p>Valorem Financial Services</p> Signup and view all the answers

    What is the BSE Script Code for Abans Holdings Limited?

    <p>543712</p> Signup and view all the answers

    What type of call was hosted on November 12, 2024?

    <p>Earnings Conference Call</p> Signup and view all the answers

    What trend was observed in brokerage incomes in the last quarter?

    <p>Brokerage incomes increased due to high trades and churn.</p> Signup and view all the answers

    How has the performance fee changed compared to the last quarter?

    <p>Performance fees have decreased marginally.</p> Signup and view all the answers

    What was the average monthly performance of the global arbitrage fund?

    <p>0.65%</p> Signup and view all the answers

    By how much did the AUM of the global arbitrage fund increase in percentage over the last quarter?

    <p>12%</p> Signup and view all the answers

    What was the AUM of the portfolio management services (PMS) in August 2023?

    <p>66 crores</p> Signup and view all the answers

    How much fresh inflow did the PMS receive from the Foreign Fund during the half-year?

    <p>35 crores</p> Signup and view all the answers

    What is the total performance percentage of the PMS for the half-year?

    <p>13%</p> Signup and view all the answers

    What characteristic describes the global arbitrage fund's performance in relation to market volatility?

    <p>It is unaffected by volatility.</p> Signup and view all the answers

    What type of loans is the small-sized NBFC exploring based on the provided information?

    <p>Loans against shares for investors with portfolios over ₹20 lakhs</p> Signup and view all the answers

    What is the typical exposure amount the NBFC is currently willing to take per investor?

    <p>₹5 to 6 lakh</p> Signup and view all the answers

    What is the range of the internal rate of return (IRR) that the NBFC has achieved for these short-term loans?

    <p>18% to 21%</p> Signup and view all the answers

    By when does the NBFC expect to have these short-term loans returned to their balance sheet?

    <p>By March 2025</p> Signup and view all the answers

    What is a key consideration for the NBFC when exploring new loan segments?

    <p>Finding creative ways to manage risk and earn good interest margins</p> Signup and view all the answers

    How many loans has the NBFC dispersed in the last quarter as per the discussion?

    <p>Approximately 250 to 280 loans</p> Signup and view all the answers

    What type of clients is the NBFC primarily targeting for their new loan offerings?

    <p>Clients with shareholdings exceeding ₹20 lakhs</p> Signup and view all the answers

    What is a potential risk mentioned regarding the new loan segments?

    <p>Loans turning bad and impacting profitability</p> Signup and view all the answers

    Study Notes

    Abans Holdings Limited Q2 FY2025 Earnings Call

    • Date: November 18, 2024
    • Purpose: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Transcript of Q2 FY2024-25 earnings conference call on November 12, 2024 is enclosed and available online.
    • Company Overview: A diversified financial services company with operations in India, UK, Mauritius, Dubai, and Hong Kong. Services include institutional broking, asset management, financial lending, and treasury/remittance services.
    • Revenue Growth: Consolidated revenues grew by 76% YoY to ₹641 crore. Half-yearly revenue (FY25) reached ₹937 crore, up 50% YoY.
    • Earnings: EBITDA for Q2 was ₹46 crore (18% YoY growth), net profit was ₹27 crore (17% YoY growth). Half-yearly EBITDA ₹90 crore, net profits ₹52 crore (18% YoY growth).
    • Revenue Segments: Agency business (fee income), finance business (lending income), and capital business (treasury income).
    • Market Trends: The call discussed capital market corrections and pressure on NBFCs and how the company addressed recent market volatility. The significant growth in AUM was noted, though the EBITDA margin decreased from the half-yearly basis.
    • Lending Business: Expanded loan segments, focusing on small-sized loans secured or unsecured in two ways (a) Loan against shares (b) Short-term loans (18-21% IRR returns) to high-net-worth individuals and SMEs. AUM increased by 83 crore (20%).
    • Capital Business (Treasury Operations): Successfully managed excess capital funds, achieving notable H1 performance despite market volatility.

    Financial Highlights

    • Consolidated Revenue (Q2): ₹641 crore (76% YoY growth)
    • EBITDA (Q2): ₹46 crore (18% YoY growth)
    • Net Profit (Q2): ₹27 crore (17% YoY growth)
    • Consolidated Revenue (H1 FY25): ₹937 crore (50% YoY growth)
    • EBITDA (H1 FY25): ₹90 crore (18% YoY growth)
    • Net Profit (H1 FY25): ₹52 crore (18% YoY growth)
    • AUM Growth: 17% since March 31, 2024 (due to strong investor confidence)

    Further Details

    • Agency Business: Subscription, performance, brokerage, and advisory fees. Significant brokerage income growth due to high volume of transactions.
    • Funds Perfomance: Global Arbitrage fund (0.65% monthly average performance, 12% AUM growth); Portfolio Management Services (PMS) AUM doubled (₹152 crore) and has seen significant investment inflow.

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    Related Documents

    Abans Holdings Ltd Q2 FY 2025 Earnings Conference Call Transcript PDF

    Description

    Explore the key highlights from Abans Holdings' Q2 FY2025 earnings call. This includes a detailed overview of revenue growth, earnings performance, and operational segments of the diversified financial services company. Discover how the firm performed over the last quarter and its prospects moving forward.

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