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

Ladies and gentlemen, I welcome you all to the Q2 FY '24 Post Earnings Conference Call of SRG Housing Finance Limited. Today on the call from the management we have with us, Mr. Vinod Jain, Managing Director; and Mr. Ashok Modi, Chief Financial Officer. As a disclaimer, I would like to inform all of you that this call may contain forward-looking statements, which may involve risks and uncertainties. Also, this is a reminder that this call is being recorded and the call shall be conducted in Hindi language. I would now request the management to detail us about the performance highlights for the quarter that went by, the growth plans and visions for the coming year, post which we will open the floor for Q&A. Over to you, sir.

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[Operator Instructions] Sir, till the time the Q&A assembles, we keep talking to a lot of investors [Foreign Language]

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Sir, there is a question in chat from [ Arvind Kumar ]. Great results, great disbursements, what is the 5-year vision, sir?

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We'll take the next question from [ Rupesh Sathya ].

Congratulations, sir, for very good results. [Foreign Language]

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Okay. Okay, sir. [Foreign Language]

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[Foreign Language] only when the growth goes above 20% [Foreign Language]

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[Foreign Language] Okay, okay. Best of luck, sir. We hope to see INR 1,000 crores AUM soon, sir.

We'll take the next question from the line of [ Rohan Shah ].

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There's another question on the chat from [ Arvind Kumar ]. Profit margin is getting suppressed due to rising interest rates and branch expansion expenses. Sir, when can we see the profit margins we have seen in the past? [Foreign Language]

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[Foreign Language] what is the NIM for the current quarter?

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[ Luxmi ], you can unmute and ask your questions.

[indiscernible]...

[ Luxmi ], we can't hear clearly, could You speak a bit closer?

Am I audible now?

No, you'll have to speak a bit louder, please.

Hello, sir. Am I audible now?

Yes.

Yes, yes.

Yes. Sir, firstly, congratulations on a great set of numbers. [Foreign Language]

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Sir, one last question. [Foreign Language]

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100%, 100%, sir.

Okay. Okay. Right, sir.

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We'll take the next question from the line of [ Kamlesh ].

[Foreign Language]. Sir, first of all congratulations [Foreign Language]

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Okay. [Foreign Language]

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Okay. [Foreign Language]

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[ Kamlesh ], [Foreign Language]

Sir, there is another question in the chat from Mr. [ Arvind Kumar ]. Are you planning to open branches in South India? Why you're not entering into Kerala state?

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[Operator Instructions] [ Kalpesh ], you can go ahead and ask the question, [ Kalpesh Mahajan ].

Congratulations [Foreign Language]

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Okay.

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Okay, okay.

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We will take the next question from [ Aditya Doshi ].

Congratulations. [Foreign Language]

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Sir, since there are no further questions, would you like to give some closing comments so we can end this con call?

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Thank you, sir. That brings us to the end of this conference call. We thank the management for giving their valuable time for the call. And thank you to all the participants for joining us on the call. Thank you, sir.