We continue to expect CAGR of 20% and 20% ROE this year: VP Nandakumar, Manappuram Finance
VP Nandakumar, MD, Manappuram Finance, says that the company has not been impacted by RBI's new regulations. He feels it is positive because the company is fully prepared for that through their online gold loan schemes, etc. The profitability remained pretty robust. Next year also on a consolidated level, they expect a CAGR of 20% and a profitability of the same level.
Let us first talk about the Q4 performance when it comes to your AUMs. You have closed in about 18.7% growth which is normally a little bit lower than your guided 20%. Do you believe that the impact of all the RBI-led regulations is now behind you and the company can deliver a better AUM for the full year as well as the next quarter?
VP Nandakumar: We have been guiding for about 20%. We reached 19%, 1% lower. Our performance has not been bad, but we will improve. RBI's new regulation has not impacted us. We feel like it is only positive because we were fully prepared for that through our online gold loan schemes, etc. So, our profitability remained pretty robust. We hope next year also on a consolidated level, we expect a CAGR of 20% and the profitability of the same level we expect. We have fully implemented the RBI guidelines. We are fully okay with the latest guidelines also.
Your NIMs as well fell to about 15%. What would you attribute that to and now that you are saying that things are on their way to recovery, what is it that we can expect in the next quarter or the full year?
VP Nandakumar: All the sectors we are in are doing well compared to
