SRG Housing

- No explicit mention of any immediate new fundraising through debt or equity in the call. - The company recently completed significant fundraises, including INR274 crores total, INR194 crores from lenders, and INR80 crores through equity. - Management mentions strong equity support and that whenever equity is needed, it will be available without going elsewhere. - No indication of new near-term fundraising planned; focus is on growing AUM with existing equity and borrowing. - Borrowing mix currently includes 49% from Financial Institutions, 48% from banks, and 6% from NHB; limited use of NCDs due to higher cost. - Future access to cheaper funds anticipated as ratings improve (targeting A- rating after crossing INR1,000 crore AUM), which would lower borrowing costs. In summary, no immediate new fundraising planned, with strong equity and borrowing lines in place for growth.

- No explicit mention of current or future capex or capital investments during the call. - Focus is more on branch expansion and productivity rather than heavy capital investment. - Planned branch expansion: 90 branches currently, targeting 100 branches; only 10 more branches planned post INR 1,000 crore AUM. - Emphasis on improving branch productivity rather than increasing the number of branches after reaching 100. - Fundraising through equity has been done to support growth and maintain a strong equity base. - No specifics provided on strategic investments beyond equity infusion and branch expansion. - The management highlights strengthening infrastructure, systems, and experienced team for growth without further capital-intensive investments.

- FY26 AUM target: INR 1,000+ crores with disbursement around INR 400 crores. - Plans to increase branches from 90 to 100 after crossing INR 1,000 crore AUM milestone. - For FY27, AUM expected around INR 1,300-1,350 crores with disbursement of approximately INR 500 crores. - Branch expansion to be minimal after reaching 100 branches, focus shifting to branch productivity. - Over next 2-3 years, targeted AUM growth up to INR 1,500 crores. - Profit after tax (PAT) expected to grow, with ROA projected to surpass 4% and cross 3.5% next year. - Expansion in Tamil Nadu and Telangana planned post FY25 with 10 new branches. - Cost efficiencies anticipated as ticket size grows and more loans are disbursed, potentially lowering operating expenses relative to assets under management. - Improved credit rating expected (from BBB+ to A-) to reduce borrowing costs and aid growth.

- FY25 PAT grew 14% to INR24 crores from INR21 crores last year. - ROA expected to improve from current ~3.17% to over 3.5% next year and cross 4% in subsequent years. - NIM expected to increase benefiting from lower repo rates and fixed-rate loans. - Operating expenses likely to stabilize or decrease as branch expansion slows after reaching 100 branches. - Equity capital raised supports scaling the loan book to INR1,000+ crores in FY26 and INR1,300-1,350 crores next year, aiding profit growth. - Borrowing cost expected to reduce with improved credit rating from BBB+ to A-minus post INR1,000 crore AUM milestone. - EPS increased from INR15 to INR17 in FY25; expected to grow alongside PAT and improved operational efficiency. - Focus on productivity rather than further branch expansion to drive earnings growth.

The transcript does not explicitly mention the current or expected order book or pending orders for SRG Housing Finance Ltd. However, relevant insights related to the loan book and disbursement targets include: - The company achieved an AUM (loan book) of INR 759 crores in FY25, exceeding their target of INR 750 crores. - Disbursement for FY25 was INR 305 crores. - FY26 disbursement target is around INR 400 crores with an AUM target of INR 1,000+ crores. - They plan to further increase the AUM to INR 1,300-1,350 crores next year, and around INR 1,500 crores in the following year. - The company currently operates 90 branches and plans to expand to 100 branches once INR 1,000 crore loan book target is crossed. - Monthly disbursement target to scale is around INR 30-40 crores per month, aiming for a loan book of INR 1,000-1,100 crores. No mention of "pending orders" or similar concepts appears in the document.