Inditrade Capital Ltd (532745) — concall transcript | 30 September 2022

During Q2 FY2022-23, Inditrade Capital disbursed Rs.140 Crores (up from Rs.113 Crores), ending with Rs.585 Crores AUM and 99.05% collection efficiency. Profit before tax rose to Rs.3.7 Crores from Rs.2.4 Crores. The company merged Janakalyan Microfinance, expanding geographically to 13 states with ~200 branches post-merger. It also announced a rights issue offering 5 shares at Rs.45 per 13 held, targeting capital for Microfinance and Rural Marketing expansion. Management highlighted strong performance in MSME and Scalerator businesses, while addressing regulatory issues involving frozen accounts related to discontinued digital lending, stating no liability exists and legal challenges are ongoing.