Inditrade Cap.

- Inditrade intends to raise funds externally for its rapidly growing microfinance business, aiming to support a disbursal target of around Rs.800 crores this year. - Fundraising is planned either later in the current year or next financial year specifically for Inditrade Microfinance, where the capital requirement is highest. - There may be equity dilution at the subsidiary (Inditrade Microfinance) level to raise funds rather than at the holding company level. - The company is open to exploring strategic investors who might want a stake either in the listed holding company or directly in the subsidiary. - No specific timelines or amounts were provided for the fundraising. - The management remains cautious about market volatility and economic conditions before giving detailed guidance.

- The company is open to strategic and capital investments if good opportunities arise with appropriate valuation agreeable to all stakeholders. - There is no firm commitment currently, but they are willing to explore options for capital infusion, especially at the subsidiary level (Inditrade Microfinance) to support growth. - Equity dilution, if any, is expected at the subsidiary level rather than the holding company. - The company aims to grow and expand, balancing cost and scale, which may require additional capital in future. - No explicit capex plans were detailed, but expansion continues with increasing branches, notably in microfinance and new geographies. - The priority is on growth and increasing the book size; any funding decisions will be evaluated carefully.

- Microfinance business has been growing rapidly at about 200% in disbursement year-on-year. - The microfinance lending book grew by 29% in the last 6 months, with expectation to reach around Rs. 500 crores by financial year-end assuming trends continue. - Expansion strategy involves setting up branches in the first half of the year and focusing on optimizing productivity in the second half. - MSME segment is also growing fast, though no specific industry benchmark exists. - Agri commodity business growth is deliberately slowed due to market challenges; it remains seasonal. - Digital micro lending is newly started with expected substantial growth due to its cost-effective nature and large market potential. - Overall, the company aims to achieve a much stronger growth trajectory, targeting increased volumes and revenues across its segments while managing costs and NPA levels effectively.

- Management refrains from giving formal guidance due to volatile economic and credit market conditions. - They hope for improvement in the second half of the fiscal year and better overall performance. - The company is focused on growth and expansion, consciously incurring costs upfront with plans to harvest benefits later. - Microfinance loan book grew significantly (200%+ in recent quarters); expected to reach around Rs. 500 crores by year-end if trends continue. - NIM in microfinance currently below ideal 4% (around 2.8%) but expected to improve as branches mature and disbursements increase. - Cost of funding remains a challenge but expected to reduce gradually as interest rates drop. - The business aims for sustained growth rather than immediate profitability, accepting flat bottom-line in short-term due to expansion costs. - Dividend policy to be decided by the board; no firm payout guidance currently.

- As of the call on November 13, 2019, the focus was on growth in various lending books rather than specific order books or pending orders. - Microfinance net exposure stood at Rs. 283 crores with expectations to grow to around Rs. 500 crores by year-end if current trends continue. - MSME (merchant cash advance) book was Rs. 76.34 crores. - Agri commodity book was Rs. 104.23 crores. - Digital micro-lending was Rs. 4.35 crores. - Disbursement growth in microfinance was around 29% over six months. - Management emphasized branch expansion in microfinance with disbursements starting or increasing as new branches come online. - No explicit mention of a current or expected order book or pending orders during the Q&A. - Emphasis on growing loan book volumes and operational expansion rather than order backlog.