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Poonawalla Fincorp formerly Magma Fincorp (22-07-2024)
Poonawalla Fincorp Ltd. reported a 45.6% rise in its net profit for the first quarter of this financial year.
Revenue increased by 40% year-on-year for the three months ended June, reaching Rs 996 crore.
Assets under management for the company grew by 52% to Rs 26,970 crore for the April-June quarter, the investor presentation said. The net interest income rose 42% year-on-year to Rs 676 crore.
The gross non-performing asset was recorded at 0.67%, down 75 bps during the same period last year, while the net NPA fell 44 bps to 0.32% during the quarter.
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Goldiam International : A rare shareholder friendly and debt free Jewelry company (22-07-2024)
The LGD business is considered a commodity business, where prices are determined by market forces. This means that Goldiam’s pricing power is limited, and it may not be able to maintain its margins in the face of increasing competition.
Easy replication: The LGD manufacturing process is relatively easy to replicate, which means that new entrants can quickly enter the market and compete with Goldiam.
The company’s focus on distribution and integration may provide some protection, but it needs to continuously innovate and differentiate itself to stay ahead of the competition. Branding & Marketing remains key.