Cholamandalam Investment and Finance Company Ltd Q1 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : (inaudible) present, just wanted to...

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : Is it better? Yes. First of all on slide #27, when you're talking about customer who have availed 1 or 2 months moratorium. Because in period one they had not availed the moratorium, is it fair to assume that they have received all the -- you have received all the remaining EMIs?

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : Got it. This is clear. Now if I try to look at the repayment that has happened during the quarter on the vehicle finance, it was around INR 610-odd crores. But during the previous quarter run rate was close to INR 5,000 crores, and then 25% of the customer...

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : On the repayments, repayment trends, if we do the calculation of movement of AUM, and we have a disbursement number. So the computed repayment comes down to INR 609 crores for 1Q with around INR 5,000 crores for -- INR 5,000 crore run rate for 2Q and 4Q so is around 25% of the customers not in moratorium. I did -- this number should have improved at least closer to INR 1,000 crores, and we are not seeing any movement in Stage 2 and Stage 3 also for the customers which are not in moratorium. So how do we reconcile these 3, 4 numbers?

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : So when we're looking at the vehicle finance...

Question: Rohan Mandora - Equirus Securities Private Limited, Research Division - Analyst : Yes, sir. Yes, it is.

Question: Aswin Balasubramanian - Hsbc Asset Management (India) Private Limited - Analyst : My question is related to, I mean, the Vehicle Finance segment. So within that, I mean which customer segments are you kind of seeing are more stressed? Is it more on the FTU, FTB side or the small operators or the larger fleet operators? And also kind of related to this, like you provided one table that is good, month-wise, like how many customers have paid and so on. So is it also possible that -- like when you said 1 EMI, they have paid, that they may be in May or June but have not paid in July. So are you seeing that kind of trend as well? Or is it like more -- or like once they have paid in May, then they continue to pay in June and July and so on?

Question: Aswin Balasubramanian - Hsbc Asset Management (India) Private Limited - Analyst : Okay. All right. So would it be fair to say that your customer profile would mostly be in the SRTO segment? So that's where -- I mean that is why your comments, sir, are currently related to or... REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 31, 2020 / 4:30AM, CHLA.NS - Q1 2021 Cholamandalam Investment and Finance Company Ltd Earnings Call

Question: Aswin Balasubramanian - Hsbc Asset Management (India) Private Limited - Analyst : Understood. Just one follow-up. In the used vehicle segment, you've made a fair amount of business into this quarter. So is that more in like the refinance kind of segment or the actual, like, secondary sale kind of segment? And if it's in the refinance segment, I mean...

Question: Aswin Balasubramanian - Hsbc Asset Management (India) Private Limited - Analyst : No, no. The normal refinance which you do after, like one cycle gets or -- not restructuring, but like the refinance which you're doing. So my question is more related to that, sir. Sir, I mean is it that? Or is it...