Highlights:

• The loan portfolio of the company increased 37% to Rs 66792 crore, while the loans sold outstanding surged 160% to Rs 6690 crore end September 2018 over September 2017.
• The overall AUM of the company jumped 43% to Rs 73482 crore end September 2018 over September 2017. The company has conducted assignments of Rs 3000 crore in H1FY2019.
• The disbursements of the company increased 14% to Rs 8405 crore in the quarter ended September 2018.
• The company expects about 10% of the AUM will be securitized on a steady state basis. The loan growth can be 1.5-1.75x of the industry growth rate.
• The spreads of the company narrowed to 2.22%, while NIM eased to 2.72% in Q2FY2019 from 2.27% and 3.01% in Q2FY2018. The company has raised interest rate by 20 bps in October 2018. The marginal cost of funds stood at 8.2-8.3% for Q2FY2019. About 70% of the total portfolio is on floating rate basis.
• With regard to tight liquidity condition in the NBFC sector, the indicated that it has been maintaining higher cash and liquid investments on balance sheet all throughout H1 FY18-19 and also reduced dependency on short term paper to 11.7% end September 2018 from 17.5% end March 2018. The focus continues on asset quality, profitability and a balanced portfolio.
• The deposit portfolio grew by 20% to Rs 12457 crore end September 2018 from Rs 10405 crore end September 2017.
• The cumulative ECL provision stood at Rs 385 crore end September 2018. In addition to the ECL provision, the company has maintained Rs 145.5 crore as a steady state provisions for unforeseeable macro-economic factors.
• The company has 96 branches with presence in 57 unique cities and 22 Hubs end September 2018, including 12 branches made operational during H1FY19.
• GNPA stood at 0.45% of the loan assets end September 2018 against 0.34% end September 2017. Net NPA stood at 0.35% end September 2018 against 0.27% end September 2017.
• The company has exposure of Rs 280 crore to Supertech account constituting two standard loans of which one is completed and one is under construction in Gurgaon.
• The company do not have any direct or indirect exposure to the IL&FS group, while there no exposure to other real estate groups like Unitech, Amrapalli, Jaypee, Parsvnath, SRH, Era etc.
• The company did not have impact from exposure to Kerala flood related exposure.
• The company does not have any NPAs in the wholesale loan book, while earlier there were 2 NPAs which were recovered.
• The ratio of opex to asset rose on account expenses related to ESOPs.
• The company has raised Rs 6000 crore through CPs and US$ 200 million of ECBs post September 2018.