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Questions and Answers
What is the primary focus of the Finance Business mentioned?
What is the primary focus of the Finance Business mentioned?
Which of the following best describes the growth of consolidated revenues for the company?
Which of the following best describes the growth of consolidated revenues for the company?
What was the amount of net profits reported for the year?
What was the amount of net profits reported for the year?
By how much did EBITDA margins increase year-on-year?
By how much did EBITDA margins increase year-on-year?
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What contributed significantly to the increase in assets under management?
What contributed significantly to the increase in assets under management?
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What was the approximate amount of assets under management as of March 2024?
What was the approximate amount of assets under management as of March 2024?
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What strategic approach did the company emphasize in its performance?
What strategic approach did the company emphasize in its performance?
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What body approved the company to operate as an Investment Manager for alternative investment funds?
What body approved the company to operate as an Investment Manager for alternative investment funds?
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What is the primary purpose of the Earnings Call?
What is the primary purpose of the Earnings Call?
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Which of the following roles is NOT mentioned as part of the management participating in the call?
Which of the following roles is NOT mentioned as part of the management participating in the call?
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Which statement best describes Abans Holdings Limited?
Which statement best describes Abans Holdings Limited?
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What cautionary advice is given regarding forward-looking statements?
What cautionary advice is given regarding forward-looking statements?
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In which regions does Abans Holdings Limited have established operations?
In which regions does Abans Holdings Limited have established operations?
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Who introduced the management participants in the Earnings Call?
Who introduced the management participants in the Earnings Call?
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Which of the following services is NOT listed as part of Abans Holdings Limited's offerings?
Which of the following services is NOT listed as part of Abans Holdings Limited's offerings?
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What is emphasized during the call regarding investment decisions based on forward-looking statements?
What is emphasized during the call regarding investment decisions based on forward-looking statements?
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What percentage of the company's borrowings are asset-backed?
What percentage of the company's borrowings are asset-backed?
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What is the company's current stance on equity dilution in the next 12 months?
What is the company's current stance on equity dilution in the next 12 months?
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What commodity supplies does the company potentially provide for ETFs?
What commodity supplies does the company potentially provide for ETFs?
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What action has the company taken regarding mutual funds?
What action has the company taken regarding mutual funds?
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What is the company's understanding of Agri-commodities lending?
What is the company's understanding of Agri-commodities lending?
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What is a requirement for ETFs that the company is connected to?
What is a requirement for ETFs that the company is connected to?
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What is the current status of the company's applications for ETF sponsorship?
What is the current status of the company's applications for ETF sponsorship?
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What sectors has the company indicated it will not venture into for lending operations at this time?
What sectors has the company indicated it will not venture into for lending operations at this time?
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What is the Sharpe ratio mentioned in the conversation?
What is the Sharpe ratio mentioned in the conversation?
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When was the Sharpe ratio 3.12 recorded?
When was the Sharpe ratio 3.12 recorded?
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What is the expected net exposure of the global arbitrage fund according to Abhishek Bansal?
What is the expected net exposure of the global arbitrage fund according to Abhishek Bansal?
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What aspect of risk does Harsh Agarwal inquire about regarding spread changes?
What aspect of risk does Harsh Agarwal inquire about regarding spread changes?
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What does Nirbhay Vassa say is necessary to access U.S. investor funds?
What does Nirbhay Vassa say is necessary to access U.S. investor funds?
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What was the percentage drop in revenue compared to the last quarter, according to Smit Mehta?
What was the percentage drop in revenue compared to the last quarter, according to Smit Mehta?
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What is the nature of the spreads discussed by Abhishek Bansal?
What is the nature of the spreads discussed by Abhishek Bansal?
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What regulatory body is Nirbhay Vassa referring to for their license application?
What regulatory body is Nirbhay Vassa referring to for their license application?
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What is the company's approach to addressing regulatory requirements in different regions?
What is the company's approach to addressing regulatory requirements in different regions?
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What is the income mentioned in the content attributed to?
What is the income mentioned in the content attributed to?
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What role does SMC Global Taurus Wealth play in the business model described?
What role does SMC Global Taurus Wealth play in the business model described?
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What is the company's primary function regarding financial products?
What is the company's primary function regarding financial products?
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What type of opportunities does Harsh Agarwal ask about?
What type of opportunities does Harsh Agarwal ask about?
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Which financial metric does Abhishek Bansal ask for clarification on?
Which financial metric does Abhishek Bansal ask for clarification on?
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What is one of the company's strategies for market expansion?
What is one of the company's strategies for market expansion?
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Which statement best describes the company's current focus regarding industry engagement?
Which statement best describes the company's current focus regarding industry engagement?
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What was the reported loss for Abans Holdings on a standalone basis for the full year?
What was the reported loss for Abans Holdings on a standalone basis for the full year?
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What was the primary reason for the loss reported by Abans Holdings?
What was the primary reason for the loss reported by Abans Holdings?
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What new licenses has Abans Holdings received to improve their financial performance?
What new licenses has Abans Holdings received to improve their financial performance?
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What is the approximate value of assets under management for Abans Holdings from AIFs?
What is the approximate value of assets under management for Abans Holdings from AIFs?
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What financial outcome is expected for Abans Holdings in the coming year?
What financial outcome is expected for Abans Holdings in the coming year?
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What area is of interest for the current year instead of gold lending?
What area is of interest for the current year instead of gold lending?
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In which year did Abans Holdings expect to pass on the employee costs to subsidiary companies?
In which year did Abans Holdings expect to pass on the employee costs to subsidiary companies?
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What does Nirbhay Vassa suggest about the future revenue composition of Abans Holdings?
What does Nirbhay Vassa suggest about the future revenue composition of Abans Holdings?
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Flashcards
Forward-Looking Statements
Forward-Looking Statements
This term refers to statements that are not based on current facts but instead predict future performance or outcomes.
Risk and Uncertainties
Risk and Uncertainties
This refers to the potential for future events to impact the accuracy of forward-looking statements.
Fundamental Business
Fundamental Business
This refers to the company's primary business areas and operations.
Financial Quarter Under Review
Financial Quarter Under Review
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Treasury Operations
Treasury Operations
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Remittance Services
Remittance Services
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Abans Holdings Limited
Abans Holdings Limited
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Global Presence
Global Presence
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Revenue
Revenue
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EBITDA
EBITDA
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EBITDA Margin
EBITDA Margin
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Net Profit
Net Profit
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PAT (Profit After Tax) Margin
PAT (Profit After Tax) Margin
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Assets Under Management (AUM)
Assets Under Management (AUM)
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Global Arbitrage
Global Arbitrage
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Alternative Investments
Alternative Investments
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Debt-to-equity ratio
Debt-to-equity ratio
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Interest coverage ratio
Interest coverage ratio
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Commodity ETF
Commodity ETF
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Asset-backed borrowing
Asset-backed borrowing
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Non-asset-backed borrowing
Non-asset-backed borrowing
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Equity dilution
Equity dilution
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ETF sponsorship
ETF sponsorship
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Mutual fund license
Mutual fund license
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Agri-commodities lending
Agri-commodities lending
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What is Abans Holdings' current business model?
What is Abans Holdings' current business model?
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What caused Abans Holdings to report a loss in the previous year?
What caused Abans Holdings to report a loss in the previous year?
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What licenses did Abans Holdings receive recently?
What licenses did Abans Holdings receive recently?
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How will Abans Holdings generate revenue in the current year?
How will Abans Holdings generate revenue in the current year?
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How will Abans Holdings offset the cost of employee stock options?
How will Abans Holdings offset the cost of employee stock options?
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What is the projected financial outlook for Abans Holdings?
What is the projected financial outlook for Abans Holdings?
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What is the expected revenue transition for Abans Holdings?
What is the expected revenue transition for Abans Holdings?
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What is the expected revenue composition in the coming years?
What is the expected revenue composition in the coming years?
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Information Ratio
Information Ratio
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Net Exposure
Net Exposure
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VAR
VAR
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Strategic Tie-Up
Strategic Tie-Up
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KYC (Know Your Customer)
KYC (Know Your Customer)
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Regulatory Approvals
Regulatory Approvals
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Industry By Industry Analysis
Industry By Industry Analysis
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What is the Sharpe Ratio?
What is the Sharpe Ratio?
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What is the Information Ratio?
What is the Information Ratio?
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What is Net Exposure in a Global Arbitrage Fund?
What is Net Exposure in a Global Arbitrage Fund?
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What is Value at Risk (VaR)?
What is Value at Risk (VaR)?
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What are Spreads in Global Arbitrage?
What are Spreads in Global Arbitrage?
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What is a Commodity Pool Operator (CPO)?
What is a Commodity Pool Operator (CPO)?
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Why are Regulatory Approvals Needed?
Why are Regulatory Approvals Needed?
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Why did the Company's Revenue Decrease?
Why did the Company's Revenue Decrease?
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Study Notes
Abans Holdings Limited Q4-FY24 Earnings Conference Call
- Date: May 15, 2024
- Moderator: Purvangi Jain (Valorem Advisors)
- Management Present: Abhishek Bansal (Chairman & MD), Chintan Mehta (CEO), Nirbhay Vassa (CFO), Ketur Shah (Assistant VP)
- Company Description: A diversified financial services company with operations in India, UK, Dubai and Mauritius. Focuses on asset management, financial lending, treasury operations, and remittances.
Financial Highlights (FY24)
- Revenue: Rs. 1,378 Crores (18.5% YoY growth)
- EBITDA: Rs. 150 Crores (74% YoY growth)
- EBITDA Margin: ~11%
- Net Profit: Rs. 89 Crores (27% YoY growth)
- PAT Margin: ~6.5%
- AUM: Rs. 2,500 Crores (from Rs. 1,665 Crores in March 2023)
- Growth Drivers: Global arbitrage fund (Mauritius), alternative investment funds, acquisition of a PMS (Portfolio Management Services), and asset management business expansion.
- EBIT: Increased from Rs. 21 Crores to Rs. 59 Crores YoY due to asset management focus
Key Business Segments
- Agency Business: Multi-asset global institutional trading (equities, commodities, and currencies)
- Finance Business: Lending services (secured and unsecured term financing to individuals and SMEs)
- Capital Business: Multi-national financial services.
Management Expectations (FY25-26)
- Growth: Focus on fee-based income (75%).
- Asset Under Management (AUM): Expect continued, likely 8% or greater dollar-term return growth.
Regulatory Approvals & Expansion
- SEBI Approval: Received approval to operate as an investment manager for alternative investment funds in India.
- Global Expansion: Aiming to expand global arbitrage fund to the US market.
- Commodity ETF: Applications submitted for relevant licences (mutual fund & ETF).
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Description
Join us for the Abans Holdings Limited Q4-FY24 Earnings Conference Call, where key management will present the financial highlights and discuss the growth areas. Learn about revenue growth, EBITDA achievements, and strategic acquisitions that are driving the company forward in the financial services sector.