In today’s briefing:
- Maithan Alloys (NSE:MAITHANALL) – Monday, Nov 13, 2023
- LICHF: FY24 PAT Is on Track to Be Strong | FY25 Will Be a Year of Robust Growth
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Maithan Alloys (NSE:MAITHANALL) – Monday, Nov 13, 2023
Key points (machine generated)
- Maithan Alloys is a leading manufacturer of Manganese (Mn) alloys used in the production of hardened steel.
- The company operates three plants in India and recently acquired a fourth, indicating its growth and expansion in the industry.
- India, where Maithan Alloys is based, is the largest exporter of Mn alloys in the world, providing 25% of global imports, and maintains its position as a low-cost supplier despite structural disadvantages.
This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
LICHF: FY24 PAT Is on Track to Be Strong | FY25 Will Be a Year of Robust Growth
- LIC Housing Finance (LICHF) reported a strong Q3FY24 on the back of a strong NIM. Growth, however, has been tepid as LICHF recently transitioned its technology and organizational structure.
- FY24 has been a consolidation year due to technology and organizational changes; however, LICHF is setting up well to post strong growth in FY25.
- Among other things, affordable housing is going to be a key growth area going forward. Asset quality has been also improving and should further normalize with recoveries and upgradations.