Podcast
Questions and Answers
What is the trailing P/E ratio mentioned?
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?
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?
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?
What type of income is NOT mentioned as part of the agency business?
What percentage is referred to for the annual growth in AUM?
What percentage is referred to for the annual growth in AUM?
Which type of holding have FPIs sold as mentioned?
Which type of holding have FPIs sold as mentioned?
What aspect of the agency business is not explicitly listed?
What aspect of the agency business is not explicitly listed?
Who congratulated the team on delivering great numbers?
Who congratulated the team on delivering great numbers?
What is the main purpose of today's earnings call as stated by Purvangi Jain?
What is the main purpose of today's earnings call as stated by Purvangi Jain?
Which statement describes Abans Holdings Limited?
Which statement describes Abans Holdings Limited?
Who is introduced as the Chief Financial Officer in the earnings call?
Who is introduced as the Chief Financial Officer in the earnings call?
What caution does Purvangi Jain provide regarding forward-looking statements?
What caution does Purvangi Jain provide regarding forward-looking statements?
Which regions does Abans Holdings have established operations in?
Which regions does Abans Holdings have established operations in?
What role does Mr. Ketur Shah hold in the company?
What role does Mr. Ketur Shah hold in the company?
What primarily influences the EBITDA margin of the company?
What primarily influences the EBITDA margin of the company?
Why might EBITDA margins appear lower in quarters with high treasury turnover?
Why might EBITDA margins appear lower in quarters with high treasury turnover?
How has Abans Holdings changed over the years?
How has Abans Holdings changed over the years?
What has been the trend in the capital markets as indicated by Chintan Mehta?
What has been the trend in the capital markets as indicated by Chintan Mehta?
What type of financial services does Abans Holdings provide?
What type of financial services does Abans Holdings provide?
What factor is primarily causing foreign portfolio investors (FPIs) to book profits?
What factor is primarily causing foreign portfolio investors (FPIs) to book profits?
What level did the Nifty reach at its peak after the COVID-19 crisis?
What level did the Nifty reach at its peak after the COVID-19 crisis?
What amount did foreign holders reportedly withdraw in October?
What amount did foreign holders reportedly withdraw in October?
How does the management suggest analyzing EBITDA margin?
How does the management suggest analyzing EBITDA margin?
What is a potential ongoing trend in November regarding foreign investments?
What is a potential ongoing trend in November regarding foreign investments?
Who is the Company Secretary & Compliance Officer of Abans Holdings Limited?
Who is the Company Secretary & Compliance Officer of Abans Holdings Limited?
On what date was the Q2 FY2024-25 earnings conference call held?
On what date was the Q2 FY2024-25 earnings conference call held?
Which regulation forms the basis for the submission made by Abans Holdings Limited?
Which regulation forms the basis for the submission made by Abans Holdings Limited?
Which department is addressed in the correspondence from Abans Holdings Limited?
Which department is addressed in the correspondence from Abans Holdings Limited?
What is the subject of the communication sent to BSE and NSE?
What is the subject of the communication sent to BSE and NSE?
Which organization is hosting the earnings conference call?
Which organization is hosting the earnings conference call?
What is the BSE Script Code for Abans Holdings Limited?
What is the BSE Script Code for Abans Holdings Limited?
What type of call was hosted on November 12, 2024?
What type of call was hosted on November 12, 2024?
What trend was observed in brokerage incomes in the last quarter?
What trend was observed in brokerage incomes in the last quarter?
How has the performance fee changed compared to the last quarter?
How has the performance fee changed compared to the last quarter?
What was the average monthly performance of the global arbitrage fund?
What was the average monthly performance of the global arbitrage fund?
By how much did the AUM of the global arbitrage fund increase in percentage over the last quarter?
By how much did the AUM of the global arbitrage fund increase in percentage over the last quarter?
What was the AUM of the portfolio management services (PMS) in August 2023?
What was the AUM of the portfolio management services (PMS) in August 2023?
How much fresh inflow did the PMS receive from the Foreign Fund during the half-year?
How much fresh inflow did the PMS receive from the Foreign Fund during the half-year?
What is the total performance percentage of the PMS for the half-year?
What is the total performance percentage of the PMS for the half-year?
What characteristic describes the global arbitrage fund's performance in relation to market volatility?
What characteristic describes the global arbitrage fund's performance in relation to market volatility?
What type of loans is the small-sized NBFC exploring based on the provided information?
What type of loans is the small-sized NBFC exploring based on the provided information?
What is the typical exposure amount the NBFC is currently willing to take per investor?
What is the typical exposure amount the NBFC is currently willing to take per investor?
What is the range of the internal rate of return (IRR) that the NBFC has achieved for these short-term loans?
What is the range of the internal rate of return (IRR) that the NBFC has achieved for these short-term loans?
By when does the NBFC expect to have these short-term loans returned to their balance sheet?
By when does the NBFC expect to have these short-term loans returned to their balance sheet?
What is a key consideration for the NBFC when exploring new loan segments?
What is a key consideration for the NBFC when exploring new loan segments?
How many loans has the NBFC dispersed in the last quarter as per the discussion?
How many loans has the NBFC dispersed in the last quarter as per the discussion?
What type of clients is the NBFC primarily targeting for their new loan offerings?
What type of clients is the NBFC primarily targeting for their new loan offerings?
What is a potential risk mentioned regarding the new loan segments?
What is a potential risk mentioned regarding the new loan segments?
Flashcards
Earnings Conference Call
Earnings Conference Call
A financial report that details a company's performance for a specific period, typically a quarter or half-year.
Transcript
Transcript
The document that records the spoken discussion during an earnings conference call.
Financial Year (FY)
Financial Year (FY)
The financial period that runs from April to March in India.
Q2
Q2
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Regulation 30 Intimation
Regulation 30 Intimation
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Listed Company
Listed Company
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Company's Website
Company's Website
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Company Secretary & Compliance Officer
Company Secretary & Compliance Officer
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Abans Holdings
Abans Holdings
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Earnings Call
Earnings Call
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Forward-Looking Statements
Forward-Looking Statements
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Institutional Broking
Institutional Broking
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Asset Management
Asset Management
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Financial Lending
Financial Lending
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Treasury and Remittance services
Treasury and Remittance services
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Multinational financial services company
Multinational financial services company
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EBITDA margin
EBITDA margin
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Top line
Top line
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Fee income
Fee income
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Lending income
Lending income
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Treasury turnover
Treasury turnover
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Profit booking
Profit booking
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FPI (Foreign Portfolio Investor)
FPI (Foreign Portfolio Investor)
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Bull run
Bull run
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P/E ratio (Trailing P/E)
P/E ratio (Trailing P/E)
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Time Correction
Time Correction
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FPIs
FPIs
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G-Sec
G-Sec
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Agency Business
Agency Business
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Global Arbitrage Fund
Global Arbitrage Fund
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Performance Fee
Performance Fee
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Advisory Income
Advisory Income
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Brokerage Income
Brokerage Income
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Portfolio Management Service (PMS)
Portfolio Management Service (PMS)
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Assets Under Management (AUM)
Assets Under Management (AUM)
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Performance of a fund
Performance of a fund
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Inflows
Inflows
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Return
Return
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Market Volatility and Investment Performance
Market Volatility and Investment Performance
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Non-Banking Financial Company (NBFC)
Non-Banking Financial Company (NBFC)
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Net Interest Margin (NIM)
Net Interest Margin (NIM)
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Exploring new loan segments
Exploring new loan segments
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Secured loan
Secured loan
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Unsecured loan
Unsecured loan
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Internal Rate of Return (IRR)
Internal Rate of Return (IRR)
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Short-term loans
Short-term loans
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Loan repayment date
Loan repayment date
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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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