{"id":133454,"date":"2022-08-25T09:41:32","date_gmt":"2022-08-25T13:41:32","guid":{"rendered":"https:\/\/44.250.171.167\/?p=133454"},"modified":"2022-10-06T04:45:08","modified_gmt":"2022-10-06T08:45:08","slug":"arman-financial-services-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/arman-financial-services-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Arman Financial Services Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Arman Financial Services Limited Q1 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/qnpsnaO_ZzM?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 Arman Financial Services Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/ARMANFIN\/\">ARMANFIN<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Shubham Ajmera from Soic Ventures asked if the company has increased interest margin for the risky customers during 1Q23 and future plans. Jayendra Patel MD replied that during 1Q23 the rates were increased by about 2.5-3% from 4Q22. In 3Q23, the company expects to raise interest by a small margin by 25-50 bps.<\/li>\n<\/ul>\n<ul>\n<li>Shubham Ajmera from Soic Ventures enquired about impairment losses and if impairment cost will not be as much vs. previous few quarters. \u00a0Jayendra Patel MD said that as the portfolio keeps increasing the provision should increase. Also, the quantum of impairment losses will not be as high as it has been. In this business 1-2% loan losses is to be expected.<\/li>\n<\/ul>\n<ul>\n<li>Devashish asked about the net NPA numbers realistically. Jayendra Patel MD replied that the goal is to always maintain sufficient provisioning. And now that pricing gaps have been removed by the RBI, it\u2019s prudent to be much more conservative in terms of provisioning requirements. The hope is to keep net NPA levels to less than 0.5% to zero.<\/li>\n<\/ul>\n<ul>\n<li>Devashish asked that given the fund raise, till what level of AUM the company feels is done with the capital raise. Jayendra Patel MD replied that assuming all regulatory and shareholder approval goes through, ARMANFIN is confident of reaching at least INR2,400-2,500 crores based on the most recent fund raise.<\/li>\n<\/ul>\n<ul>\n<li>Srinath V with Bellwether Capital asked how the business has changed with the new rules. Jayendra Patel MD replied that the company is still collecting on a group level and trying to go for cashless collection in some of the portfolios.<\/li>\n<\/ul>\n<ul>\n<li>Srinath V of Bellwether Capital also asked if the company has started looking at the deeper rural geographies where there were cost issues. Jayendra Patel MD clarified that moving to deeper rural is one of the company\u2019s strategies. It is in the works and will be updated about it in future.<\/li>\n<\/ul>\n<ul>\n<li>Srinath V with Bellwether Capital asked about MSME, what\u2019s the broad growth and AUM outlook for next one year. Jayendra Patel MD answered that MSME has picked up a bit. And it\u2019s unfair to compare MSME growth to micro finance. In MSME, ARMANIF has growth from a low point of INR113 crore in 1Q22 to INR181 crore in 1Q23.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Arman Financial Services Limited (ARMANFIN) Q1 FY23 Earnings Concall Q&amp;A Highlights: Shubham Ajmera from Soic Ventures asked if the company has increased interest margin for the risky customers during 1Q23 and future plans. Jayendra Patel MD replied that during 1Q23 the rates were increased by about 2.5-3% from 4Q22. In 3Q23, the [&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":"Arman Financial Services Limited Q1 FY23 Earnings Conference Call Insights #ARMANFIN #Q1 #FY23 #Earnings","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-133454","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":143106,"url":"https:\/\/alphastreet.com\/india\/arman-financial-services-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133454,"position":0},"title":"Arman Financial Services Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"March 1, 2023","format":false,"excerpt":"Key highlights from Arman Financial Services Limited (ARMANFIN) Q3 FY23 Earnings Concall Q&A Highlights: [00:12:50] Amit Mantri from 2Point2 Capital asked about the reason for finance costs increasing significantly QonQ. 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Jayendra Patel MD said that typically, ARMANFIN tries to grow between 35-40% CAGR over the long run. So it will be 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":128150,"url":"https:\/\/alphastreet.com\/india\/arman-financial-services-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":133454,"position":2},"title":"Arman Financial Services Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"March 8, 2022","format":false,"excerpt":"https:\/\/youtu.be\/8w4sKSWi4Xw Key highlights from Arman Financial Services Limited (ARMANFIN) Q3 FY22 Earnings Concall \u00a0Management Update: ARMANFIN\u2019s consolidated loan book as on 31 Dec., 2021 crossed the INR1,000 crore milestone, reaching INR1,045 crores. The company also closed a INR100 crore direct assignment transaction in January 2022, representing the largest DA transaction\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":131736,"url":"https:\/\/alphastreet.com\/india\/asian-paints-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133454,"position":3},"title":"Asian Paints Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"July 27, 2022","format":false,"excerpt":"Key highlights from Asian Paints Limited (ASIANPAINT) Q1 FY23 Earnings Concall Management Update: ASIANPAINT said its volume growth of 37% for 1Q23 was one of the highest volume growth in the last six quarters. 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