Q1 2025 Sammaan Capital Ltd Earnings Call Transcript
Key Points
- Sammaan Capital Ltd (BOM:535789) received a fresh certificate of registration as an NBFC ICC from the Reserve Bank of India, enhancing its regulatory standing.
- The company's net interest income increased significantly to INR927 crores this quarter from INR562 crores in Q1 of the previous year.
- Profit after tax for Q1 fiscal '25 was INR327 crores, up from INR296 crores in Q1 fiscal '24.
- Gross NPAs are at the lowest level in 16 quarters at 2.68%, indicating improved asset quality.
- The company has successfully diversified its funding sources, raising close to INR24,000 crores from various channels over the last five quarters.
- The gearing ratio is at 1.9 times, which, while moderate, is close to the upper target range of 2 to 2.5 times.
- There is a noticeable difference in NPA reporting between the financial statement and the earnings presentation, causing some confusion.
- The company faces macroeconomic and geopolitical uncertainties that could impact its business operations.
- The transition to an NBFC ICC and rebranding efforts may incur additional costs and require significant management focus.
- The legacy AUM, which includes loans sourced before fiscal '22, remains a challenge and needs to be reduced to single-digit percentage of AUM by fiscal '27.
Ladies and gentlemen, good day, and welcome to Q1 FY25, Sammaan Capital Limited earnings conference call hosted by Investec. (Operators instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Kamal from Investec. Thank you, and over to you, sir.
Good afternoon, everyone. Welcome to the Q1 FY25 earnings conference call of Sammaan Capital Limited to discuss the financial performance of the company and to address your queries. We have with us Mr. Gagan Banga, Vice Chairman, MD and CEO of Sammaan Capital Limited.
I would now like to hand over the call to Mr. Gagan Banga for his opening comments. Over to you, sir.
Thank you, Kamal. A very good day to all of you, and welcome to the Q1 FY25 earnings call. I would request all of you to keep the earnings update handy. It's been e-mailed to most of you, it's on our website and should also be on Bloomberg.
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