{"id":129970,"date":"2022-05-24T07:08:51","date_gmt":"2022-05-24T11:08:51","guid":{"rendered":"https:\/\/44.250.171.167\/?p=129970"},"modified":"2022-10-06T03:20:58","modified_gmt":"2022-10-06T07:20:58","slug":"indiabulls-housing-finance-ltd-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/indiabulls-housing-finance-ltd-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Indiabulls Housing Finance Ltd Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Indiabulls Housing Finance Ltd Q4 FY22 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/7L73vvsI86c?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Indiabulls Housing Finance Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/IBULHSGFIN\/\">IBULHSGFIN<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Kang Zheng of Tahan Capital Management asked if the company has seen any impact on rate of disbursement due to the HDFC Bank merger. Gagan Banga, MD said the merger is a large opportunity, especially on the wholesale side. The merger will have practically no impact on the retail side. On the wholesale side, it&#8217;s an opportunity.<\/li>\n<\/ul>\n<ul>\n<li>Kang Zheng of Tahan Capital Management also asked about asset quality and ECR provisions falling about 40% QoQ. Gagan Banga, MD said the company will continue to proactively deal, especially on the wholesale side with assets where some sort of correction or intervention is required.<\/li>\n<\/ul>\n<ul>\n<li>Abhiram Iyer of Deutsche CIB Centre asked that post the repayment of the USD bond, how much essentially liquidity would the company carry on ballpark basis at the end of May. Gagan Banga, MD replied that the company continues to manage liquidity at about 15% of its balance sheet, irrespective of events.<\/li>\n<\/ul>\n<ul>\n<li>Abhiram Iyer of Deutsche CIB Centre also asked about the funding condition in May. Gagan Banga, MD answered that funding from the company\u2019s perspective is to be evaluated both from a flow as well as cost perspective. The flow in May is undisrupted and it is expected to accelerate. On both the availability of liquidity as well as margins, the company should be okay at about 240 bp.<\/li>\n<\/ul>\n<ul>\n<li>Abhiram Iyer of Deutsche CIB Centre asked about the decline in interest income. Gagan Banga, MD replied that as the company consolidate its wholesale book (WB), the WB is more remunerative and therefore the impact on the interest line will be a little more than the actual reduction in the AUM or on the assets on balance sheet.<\/li>\n<\/ul>\n<ul>\n<li>Abhiram Iyer of Deutsche CIB Centre enquired about the runway of bond repayment. Gagan Banga, MD said that the Board has taken a call that at the start of every quarter, IBULHSGFIN will announce a bond buyback program for that quarter on a regular basis. So one can expect the next bond buyback announcement in early July.<\/li>\n<\/ul>\n<ul>\n<li>Nilang Mehta with HSBC asked about assets held for sale going up from INR14 billion last year to INR30 billion. Gagan Banga, MD answered that the company hold a lot of PTCs for all the structured transactions that it has done and some of the PTCs etc. would come in that line.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Indiabulls Housing Finance Ltd (IBULHSGFIN) Q4 FY22 Earnings Concall Q&amp;A Highlights: Kang Zheng of Tahan Capital Management asked if the company has seen any impact on rate of disbursement due to the HDFC Bank merger. Gagan Banga, MD said the merger is a large opportunity, especially on the wholesale side. The merger [&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":[1792],"class_list":["post-129970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","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":132986,"url":"https:\/\/alphastreet.com\/india\/indiabulls-housing-finance-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":129970,"position":0},"title":"Indiabulls Housing Finance Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 11, 2022","format":false,"excerpt":"https:\/\/youtu.be\/_33ZHWOvHbU Key highlights from Indiabulls Housing Finance Ltd (IBULHSGFIN) Q1 FY23 Earnings Concall Management Update: IBULHSGFIN said it expects its overall gross NPAs to remain in the range of 3-3.5% for some time and as AUMs start to grow, the company expects stability in its gross and net NPAs. For\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":122477,"url":"https:\/\/alphastreet.com\/india\/indiabulls-housing-finance-ltd-ibulhsgfin-q3-fy21-earnings-concall-transcript\/","url_meta":{"origin":129970,"position":1},"title":"Indiabulls Housing Finance Ltd (IBULHSGFIN) Q3 FY21 Earnings Concall Transcript","author":"Sahil Anand","date":"February 12, 2021","format":false,"excerpt":"Indiabulls Housing Finance Ltd (NSE:IBULHSGFIN) Q3 FY21 earnings Concall dated Feb. 12, 2021. Corporate Participants: Gagan Banga -- Vice-Chairman, Managing Director Ramnath Shenoy -- Head, Analytics & Investor Relations Analysts: Kang Zheng -- Tahan Capital Management -- Analyst Hariharan -- NWI Management -- Analyst Abhiram Iyer -- Deutsche CIB Center\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":131250,"url":"https:\/\/alphastreet.com\/india\/indiabulls-housing-finance-ltd-ibulhsgfin-q4-fy22-earnings-concall-transcript\/","url_meta":{"origin":129970,"position":2},"title":"Indiabulls Housing Finance Ltd (IBULHSGFIN) Q4 FY22 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 23, 2022","format":false,"excerpt":"Indiabulls Housing Finance Ltd (NSE: IBULHSGFIN) Q4 FY22 Earnings Concall dated May. 22, 2022 Corporate Participants: Gagan Banga\u00a0--\u00a0Vice Chairman, Managing Director and Chief Executive Officer Analysts: Kang Zheng Gwee\u00a0--\u00a0Tahan Capital Management -- Analyst Abhiram Iyer\u00a0--\u00a0Deutsche CIB Centre -- Analyst Nilang Mehta\u00a0--\u00a0HSBC -- Analyst Ruhi Pabari\u00a0--\u00a0Reliance Nippon Life Insurance -- Analyst\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":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128777,"url":"https:\/\/alphastreet.com\/india\/housing-development-finance-corporation-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":129970,"position":3},"title":"Housing Development Finance Corporation Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 3, 2022","format":false,"excerpt":"https:\/\/youtu.be\/qph4fE6WtoE Key highlights from Housing Development Finance Corporation Ltd (HDFC) Q4 FY22 Earnings Concall Q&A Highlights: Suresh Ganapathy from Macquarie asked that ahead of merger, if the bank would like to grow the non-individual book now because it\u2019s shown some traction in the last couple of quarters. 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