The overall AUM of the company has crossed Rs 40000 crore level with gold AUM reaching to all time high of Rs 35000 crore end June 2019.

The company has also posted healthy growth in profitability in challenging times.

The funding requirement of the company were supported with NCD issue of Rs 800 crore in the parent company and Rs 200 crore by home finance subsidiary. Further, the collections stood at Rs 6000 crore per month, while disbursements were at Rs 6500 crore per month.

The company is likely to go for more NCD issues ahead. The company has also passed enabling resolution for US$ 2 billion MTN program and will use it at appropriate time.

With favourable gold prices, the company expects growth to continue, while its targeting overall AUM (gold plus subsidiaries) growth of 15% for FY2020. The growth may exceed target, if the liquidity conditions improves.

The NPA is not concern for the company and the company has never witnessed any credit losses on NPAs.

The company had some discussions with RBI regarding separate classification for gold loan companies as their ALM and NPA profile is different from other NBFCs.

The company has comfortable liquidity position, but bank lending is limited causing shortage of growth capital. The banks are also yet to reduce lending rates for NBFCs, while most of the bank funding to NBFCs is absorbed by PSU NBFCs and HDC etc.

The cost of funds for the company has increased by 100 bps to 9.2%-10%, while the company is able to pass on the increase in cost of funds to customers.

The yield and margins of the company were impacted due to low yield and short tenure products. The company expects to maintain spread at 12% +/- 50 bps and NIM at 13%.

The company do not expects any impact from the recent floods in various parts of the country.