SRG Housing Finance Limited (534680) Earnings Call Transcript & Summary

Ladies and gentlemen, good day, and welcome to SRG Housing Finance Limited Q1 FY '22 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded. I now hand the conference over to Ms. Sunaina Nagar, Chief Investor Relations Officer. Thank you, and over to you, ma'am.

Good afternoon, and welcome, everyone. We are here to discuss SRG Housing Finance Q1 FY '22 results. With me, we have our investor leadership team represented by Mr. Vinod Kumar Jain, Managing Director; Mr. Ashok Modi, Chief Financial Officer. We will begin this call with the overview and performance update by Managing Director followed by interactive Q&A session. Please note that this call may contain forward-looking statements, which exemplify our judgment and future expectations concerning the development of our business. These forward-looking statements involve risks and uncertainties that may cause actual development and results to differ materially from our expectation. SRG Housing Finance undertakes no obligation to publicly revise any forward-looking statements to reflect future events or circumstances. A detailed disclaimer is on Slide 2 of the investor presentation available on our website. With that, I will now hand over the call to Mr. Vinod Kumar Jain. Over to you, sir.

[Foreign Language]

[Operator Instructions] We take the first question from the line of [ Mohsen Rabbani ], individual investor.

Am I audible now?

Yes, sir. Now you are.

In your past guidance, it has been shown that up to INR 1,000 crore AUM of -- will be done. However, can you share with us your view and vision of how you will get to INR 500 crores, INR 750 crores and INR 100 crores, respectively? And what changes you are doing in terms of technology and management bandwidth and credit appraisal disbursement and recovery process to ensure that this growth happens without impacting your asset quality?

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Operator Instructions] The next question is from the line of [ Dheeraj Manwani from Sinarta Research ].

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Operator Instructions] We take the next question from the line of Roshan Joshi from SSA Finserv.

As most of the questions answered by you and asked by the [ Mohsen Ji ], the one question. As such you have changes on IT side and the many and after this COVID, there is -- might be an implementation on credit appraisal. So just want to check like credit appraisal? [Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

Okay. [Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

Okay. Okay. And the one more question is [Foreign Language]

[Foreign Language]

[Operator Instructions] The next question is from the line of Rohan Jain from IDFC Mutual Fund.

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

AWS? What exactly?

[Foreign Language]

[Foreign Language]

[Foreign Language]

The next question is from the line of [ Prakash Talreja from SRG Housing ].

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

We take the next question from the line of [ Mohsen Rabbani ], individual investor. [Operator Instructions]

Sir, my next question was your gearing ratio is 2.85x, as per your presentation. Till what level you think it can go up to when you reach INR 500 crores AUM?

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Operator Instructions] The next question is from the line of Rohan Jain from IDFC Mutual Fund.

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

What kind of products are we getting?

[Foreign Language]

[Foreign Language]

[Foreign Language]

Or SRG Securities?

SRG Securities.

No update, sir?

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

[Foreign Language]

Secured loan and business loan, yes.

[Foreign Language]

Yes, housing finance company.

Housing finance? [Foreign Language]

[Foreign Language]

Ladies and gentlemen, that was the last question for today. I would now like to hand the conference over to Ms. Sunaina Nagar for closing comments. Over to you, ma'am.

Thank you all for attending the call and patient listening of answers from our side. We, at SRG, hope and pray that everyone and their families are safe and keeping good health. I would like to thank all our stakeholders for their continued trust and support. Thank you so much for your time. For any further information, we request you to get in touch with us on our coordinates mentioned on the last page of our investor presentation. We are happy to assist you. The transcript of this call will be uploaded on our website that is www.srghousing.com. Thank you.

Thank you. On behalf of SRG Housing Finance Limited, that concludes this conference. Thank you all for joining. You may now disconnect your lines.