Q2 2025 Apollo Finvest (India) Ltd Earnings Call Transcript
Key Points
- Apollo Finvest (India) Ltd (BOM:512437) has maintained a conservative approach to digital lending, focusing on high-quality customers with 94% of their portfolio having credit scores of 650-plus.
- The company has successfully raised INR 66 crores, surpassing their initial target of INR 50 crores, indicating strong financial backing and confidence from lenders.
- Apollo Finvest has developed an AI tool called 'Senti' to enhance compliance and customer service by analyzing sentiment in call recordings, showcasing innovation in technology.
- The company has moved into a new office space, reflecting growth and providing a better environment for employees and investors.
- Apollo Finvest's average tenure and ticket size are expected to double in the coming quarters, indicating a strategic shift towards larger and longer-term loans.
- The company's average lending rate of 33% is considered high, which could attract subprime customers and pose long-term sustainability challenges.
- There is a concern about overleveraging borrowers, as highlighted by regulatory actions against other NBFCs in the industry.
- Apollo Finvest faces competition from banks offering lower interest rates to prime customers, which could limit their market share in the digital lending space.
- The company's growth strategy is cautious, which may limit rapid expansion compared to more aggressive competitors.
- There is a reliance on maintaining low GNPA (Gross Non-Performing Assets) numbers, which could be challenging as the company scales its operations.
Good morning and I welcome everyone to our second investors call for the financial year 2024-2025. Apollo has been very committed to these quarterly calls for discussing the financial results and curbing your curiosities about the financials of Apollo for every quarter.
I have Mr. Mikhil Innani, our Managing Director and CEO; and Ms. Diksha Nangia, our Whole-Time Director and CFO to take up your questions. And Mikhil definitely have a few developments Apollo have had in this quarter from July to September. Mikhil, I would request you to take this over and let us all know the developments Apollo have had in this quarter.
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Perfect. Thank you so much, Prachi. So what we'll do right, is that we get right into the Q&A. We thought this time, we'll restructure this conversation a bit and as we always mentioned, we look forward to these calls for two reasons. One is we can actually share what we've been up to, and
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