{"id":143106,"date":"2023-03-01T09:31:25","date_gmt":"2023-03-01T14:31:25","guid":{"rendered":"https:\/\/44.250.171.167\/?p=143106"},"modified":"2023-03-01T09:31:27","modified_gmt":"2023-03-01T14:31:27","slug":"arman-financial-services-limited-q3-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/arman-financial-services-limited-q3-fy23-earnings-conference-call-insights\/","title":{"rendered":"Arman Financial Services Limited Q3 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Arman Financial Services Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/ARMANFIN\/\">ARMANFIN<\/a>) Q3 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:12:50] Amit Mantri from 2Point2 Capital asked about the reason for finance costs increasing significantly QonQ. Aalok Patel MD said that it\u2019s a combination of both. Interest on the CCDs and the provisions on the OCRPS. And also due to the consistent repo rate increases by the RBI.<\/li>\n<\/ul>\n<ul>\n<li>[00:19:04] Sahil Sharma at SS Capital asked about the GNPA going up and if it\u2019s due to any problem on asset quality. Aalok Patel MD clarified that it\u2019s a small variation and a blip that happened in Maharashtra.<\/li>\n<\/ul>\n<ul>\n<li>[00:23:46] Alok Shah of Srinath Securities enquired about the growth expectation for FY24 with funds coming in. Aalok Patel MD replied that ARMANFIN don&#8217;t give growth targets. Typically the target is between 35-40% growth on a long-term CAGR basis. So, it would be similar to somewhere around that neighborhood in the coming year.<\/li>\n<\/ul>\n<ul>\n<li>[00:24:17] Alok Shah of Srinath Securities also asked about the comfortable leverage levels. Aalok Patel MD answered that the company tries not to go beyond 5 times on a debt equity ratio.<\/li>\n<\/ul>\n<ul>\n<li>[00:25:05] Devendra Pandey from DP Financial asked about the MSME segment strategy and the growth target with govt.\u2019s various schemes. Aalok Patel MD replied that most government schemes are not applicable to MSMEs due to the range of loans they offer, but there have been some initiatives backed by CBD to help these low scale MSME workers.<\/li>\n<\/ul>\n<ul>\n<li>[00:28:58] Devendra Pandey from DP Financial queried if ARMANFIN is able to pass on this increase in avg. cost of borrowing to the end customers. Aalok Patel MD answered that due to the new RBI guidelines, ARMANFIN has been able to pass it on to its customers.<\/li>\n<\/ul>\n<ul>\n<li>[00:30:23] Kuneh Ghelani from Vivriti AMC asked about the factors that are influencing the increase in ticket size for MFI over the last 12 months. Aalok Patel MD replied that factors influencing the shift from lower cycle to higher cycle ticket sizes include customer trends, industry trends, and the fact that customers who repaid during COVID are more likely to afford a slightly higher risk. Data shows little correlation between ticket sizes and default rates.<\/li>\n<\/ul>\n<ul>\n<li>[00:37:59] Shubham Ajmera of SOIC Ventures asked how much finance cost is due to CCD and OCRPS, and will this be a one-time or ongoing expense. Aalok Patel MD said that the amount was about INR5 crores. ARMANFIN added that it will continue for the period of about 13.5 months the CCDs finally convert.<\/li>\n<\/ul>\n<ul>\n<li>[00:43:35] Akshay with InCred Capital enquired if the company has any co-lending arrangement currently. Aalok Patel MD clarified that ARMANFIN doesn\u2019t have any co-lending arrangement as of today. On a commercial basis, if there is an opportunity available on co-lending or DC, ARMANFIN will be happy to explore it.<\/li>\n<\/ul>\n<ul>\n<li>[00:44:50] Akshay with InCred Capital asked if ARMANFIN is planning to add new products like personal loans etc. to the portfolio. Aalok Patel MD said that as an NBFC, it&#8217;s important to find a balance between the number of products offered and how well they are done. IBM and MSME have been added in 2017, and micro labs can be considered down the line.<\/li>\n<\/ul>\n<ul>\n<li>[00:52:42] Savi Jain from 2Point2 Capital asked if the company is seeing some recoveries on loans that were written off sometimes back. Aalok Patel MD replied that in the Arman book, there is a kind of negative impairment cost that is being collected, but it isn&#8217;t as much as is being written off.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Arman Financial Services Limited (ARMANFIN) Q3 FY23 Earnings Concall Q&amp;A Highlights: [00:12:50] Amit Mantri from 2Point2 Capital asked about the reason for finance costs increasing significantly QonQ. Aalok Patel MD said that it\u2019s a combination of both. Interest on the CCDs and the provisions on the OCRPS. And also due to 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 Q3 FY23 Earnings Conference Call Insights #ARMANFIN #Q3 #FY23 #Earnings #Stocks","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":[10169,10097],"class_list":["post-143106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-earnings","tag-financial-service"],"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":130889,"url":"https:\/\/alphastreet.com\/india\/arman-financial-services-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":143106,"position":0},"title":"Arman Financial Services Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 29, 2022","format":false,"excerpt":"https:\/\/youtu.be\/7pFAn2GFsbY Key highlights from Arman Financial Services Limited (ARMANFIN) Q4 FY22 Earnings Concall Q&A Highlights: Amit Mantri of 2Point2 Capital asked about the reasons for yield spiking in 4Q22. Aalok Patel Joint MD replied that it\u2019s due to the portfolio securitization transaction of INR100 crores uploaded to SBI. Under the\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":137978,"url":"https:\/\/alphastreet.com\/india\/arman-financial-services-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":143106,"position":1},"title":"Arman Financial Services Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 25, 2022","format":false,"excerpt":"Key highlights from Arman Financial Services Limited (ARMANFIN) Q2 FY23 Earnings Concall Q&A Highlights: [00:10:28] Virat with Shah Investments enquired about AUM and disbursement growth target for FY23. 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":133454,"url":"https:\/\/alphastreet.com\/india\/arman-financial-services-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":143106,"position":2},"title":"Arman Financial Services Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 25, 2022","format":false,"excerpt":"https:\/\/youtu.be\/qnpsnaO_ZzM Key highlights from Arman Financial Services Limited (ARMANFIN) Q1 FY23 Earnings Concall Q&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\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":143106,"position":3},"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":180890,"url":"https:\/\/alphastreet.com\/india\/arman-financial-expands-product-mix-and-maintains-robust-profitability\/","url_meta":{"origin":143106,"position":4},"title":"Arman Financial Expands Product Mix and Maintains Robust Profitability","author":"Staff Correspondant","date":"February 16, 2026","format":false,"excerpt":"Arman Financial Services Limited (NSE: ARMANFIN), a Gujarat-based non-banking financial company (NBFC) focused on rural and semi-urban retail lending, has a market capitalization of approximately \u20b94,500 crore. The company reported robust Q3 FY2025-26 results, demonstrating sequential recovery in earnings, stable asset quality, and diversification across multiple retail lending segments. Management\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142098,"url":"https:\/\/alphastreet.com\/india\/arman-financial-services-limited-armanfin-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":143106,"position":5},"title":"Arman Financial Services Limited (ARMANFIN) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 17, 2023","format":false,"excerpt":"Arman Financial Services Limited (NSE:ARMANFIN) Q3 FY23 Earnings Concall dated Feb. 16, 2023. Corporate Participants: Aalok Patel\u00a0--\u00a0Joint Managing Director Vivek Modi\u00a0--\u00a0Group Chief Financial Officer Analysts: Jignesh Shial\u00a0--\u00a0InCred Equities -- Analyst Amit Mantri\u00a0--\u00a02Point2 Capital -- Analyst Sahil Sharma\u00a0--\u00a0SS Capital -- Analyst Unidentified Participant\u00a0--\u00a0-- Analyst Alok Shah\u00a0--\u00a0Srinath Securities -- Analyst Devendra Pandey\u00a0--\u00a0DP\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":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/143106","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=143106"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/143106\/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=143106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=143106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=143106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}