{"id":129624,"date":"2022-05-19T07:39:23","date_gmt":"2022-05-19T11:39:23","guid":{"rendered":"https:\/\/44.250.171.167\/?p=129624"},"modified":"2022-10-06T03:22:37","modified_gmt":"2022-10-06T07:22:37","slug":"manappuram-finance-ltd-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/manappuram-finance-ltd-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Manappuram Finance Ltd Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/zOcVftH8xQo?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p><strong>Key highlights from Manappuram Finance Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/MANAPPURAM\/\">MANAPPURAM<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Dhaval Gada from DSP asked about the pricing pressure in the gold business and the outlook on lending rates in gold loan business. V.P. Nandakumar MD said that the company will settle where it believes to be prudent, which is around 21%.<\/li>\n<\/ul>\n<ul>\n<li>Dhaval Gada from DSP also asked about the tenure mix in gold loan, how much is below 3 months and above 3 months. V.P. Nandakumar MD replied that two-third is three months and 30% is six months and below 5% is in one year where the LTV granted is 50%.<\/li>\n<\/ul>\n<ul>\n<li>Dhaval Gada from DSP asked about the fair value gain of INR63 crore in 4Q22 and if it\u2019s on account of assignment in the MFI book or any other portfolio. Bindu A.L CFO answered that in MFI MANAPPURAM did assignment transaction and that is the reason for the one-time income during this quarter.<\/li>\n<\/ul>\n<ul>\n<li>Dhaval Gada from DSP also asked if the company has seen further reduction of gold AUM in April because of maintaining the yield. V.P. Nandakumar MD answered that during April it was flat. But in May MANAPPURAM is seeing slight growth and by June things are expected to further improve. In FY23 the company is targeting a minimum growth of around 10%.<\/li>\n<\/ul>\n<ul>\n<li>Piran Engineer from CLSA asked about the proportion of restructured loans in Asirvad. Yogesh Udhoji CFO Asirvad answered that on the restructuring, MANAPPURAM has currently 12-12.5% book which is still remaining at around INR790 crores. For Asirvad, April collection was never considered. So MANAPPURAM has not provided anything extra in NPL.<\/li>\n<\/ul>\n<ul>\n<li>Piran Engineer from CLSA also enquired how much of yield hike is the company taking because of the removal of the spread cap. V.P. Nandakumar MD said that with the removal of NIM cap, the company has factored few things in pricing. One, factored around 3% as credit costs. So that is factored in the new pricing.<\/li>\n<\/ul>\n<ul>\n<li>Shubhranshu Mishra of UBS asked if 19-20% is the normalized yield and if the company is looking at ROAs of around 5.5%, 6% as normalized level going forward. V.P. Nandakumar MD said the company is currently settling down at 21% yield in gold loan. MANAPPURAM added that it\u2019s targeting a yield not less than 5% ROA.<\/li>\n<\/ul>\n<ul>\n<li>Shweta Daptardar with Elara Capital asked that the OGL loans ticket size has gone up and QonQ the increase is slightly meaningful. V.P. Nandakumar MD said that OGL was high during the lockdown period and many of other conventional loans also have been shifted to OGL as the offices were closed. Now when all the offices are open and transportation restored, OGL is not showing growth in recent days.<\/li>\n<\/ul>\n<ul>\n<li>Dhaval Gada from DSP enquired about the advertising and promotion expense for 4Q22 and FY22. Bindu A.L CFO answered that in 3Q the company was aggressive in advertisement spend because it was not spending much in the past. For 4Q22 the expense was INR12 crore and for FY22 INR89 crores.<\/li>\n<\/ul>\n<ul>\n<li>Dhaval Gada from DSP asked about the gold loan and the consolidated AUM growth expectation for FY23. V.P. Nandakumar MD said that the company expects gold loan growth to be around 10% and overall consolidated AUM to grow by 15%.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Manappuram Finance Ltd (MANAPPURAM) Q4 FY22 Earnings Concall Q&amp;A Highlights: Dhaval Gada from DSP asked about the pricing pressure in the gold business and the outlook on lending rates in gold loan business. V.P. Nandakumar MD said that the company will settle where it believes to be prudent, which is around 21%. [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,1],"tags":[8265,1792],"class_list":["post-129624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-finance","tag-financial-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":127605,"url":"https:\/\/alphastreet.com\/india\/manappuram-finance-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":129624,"position":0},"title":"Manappuram Finance Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 16, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=iPKM_Ozw60c Key highlights from Manappuram Finance Ltd (MANAPPURAM) Q3 FY22 Earnings Concall Management Update: On gold loan demand, the company continued its offering of competitive interest rate to high ticket size customers, the impact of this new strategy was better growth, but decline on spreads and margins. 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Q&A Highlights: Dhaval Gada of DSP asked about\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":137706,"url":"https:\/\/alphastreet.com\/india\/manappuram-finance-ltd-manappuram-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":129624,"position":2},"title":"Manappuram Finance Ltd (MANAPPURAM) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"November 13, 2022","format":false,"excerpt":"Manappuram Finance Ltd (NSE: MANAPPURAM) Q2 FY23 Earnings Concall dated Nov. 13, 2022 Corporate Participants: B.N. 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Bindu\u00a0--\u00a0Executive Vice President & Chief Financial Officer Analysts: Ansuman Deb\u00a0--\u00a0ICICI Securities -- Analyst Dhaval Gada\u00a0--\u00a0DSP Mutual Fund -- Analyst Abhijit Tibrewal\u00a0--\u00a0Motilal Oswal --\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":125775,"url":"https:\/\/alphastreet.com\/india\/earnings-highlights-of-manappuram-finance-for-q2-2022\/","url_meta":{"origin":129624,"position":3},"title":"Earnings highlights of Manappuram Finance for Q2 2022","author":"Nishad","date":"November 15, 2021","format":false,"excerpt":"Manappuram Finance Ltd (NSE: MANAPPURAM) posted its second-quarter 2022 earnings results. The company had a consolidated net profit of \u00a0\u20b91554 crores which reduced 1% year on year. Manappuram Finance had a net profit of \u20b9376 cores or \u20b94.37 per share or \u20b9418 crores or \u20b94.79 per share in the same\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133214,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":129624,"position":4},"title":"Muthoot Finance Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 16, 2022","format":false,"excerpt":"https:\/\/youtu.be\/GZ5YRKnNzyE Key highlights from Muthoot Finance Limited (MUTHOOTFIN) Q1 FY23 Earnings Concall Management Update: MUTHOOTFIN said that growth has been lower partly due to the branches focusing on migration of teaser loans that were under low rates to the higher rate scheme. 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Corporate Participants: V.P. Nandakumar\u00a0--\u00a0Managing Director and Chief Executive Officer Bindu A.L.\u00a0--\u00a0Chief Financial Officer Raveendra Babu\u00a0--\u00a0MD of Asirvad Microfinance Analysts: Sanket Chheda\u00a0--\u00a0DAM Capital -- Analyst Abhijit Tibrewal\u00a0--\u00a0Motilal Oswal -- Analyst Shripal Doshi\u00a0--\u00a0Aquarius Securities -- Analyst Analyst\u00a0--\u00a0-- Analyst Bhushan Parekh\u00a0--\u00a0Morgan\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/129624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=129624"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/129624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=129624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=129624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=129624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}