L&t finance holdings ltd - Latest News Update, Information, Photos & Videos on L&t finance holdings ltd at Lokmat Times

Mumbai (Maharashtra) [India], April 29 : L&T Finance Holdings Ltd, one of the key Non-Banking Financial Compes (NBFCs) in India, announced the financial results for the fourth quarter and the financial year that ended in March.During the January-March 2023 quarter, it reported a consolidated profit after tax (PAT) of Rs 501 crore, up 46 per cent on a yearly basis.The PAT was at Rs 1,623 crore for the entire financial year, up 52 per cent year-on-year.L&T Finance Holdings (LTFH) is amongst the leading financial institutions offering Farm Equipment Finance, Rural Business Finance, Two-Wheeler Finance, Consumer Loans, Housing Finance as well as SME Loans."The Company will continue to offer retail products which encircle the entire customer ecosystem, creating a bespoke cross-sell and up-sell franchise and optimum distribution strategy," said Dinanath Dubhashi, Managing Director and CEO, L&T Finance Holdings Ltd.Further, its rural business finance disbursements recorded a YoY growth of 70 per cent in 2022-23. The business also recorded the highest-ever monthly disbursement of Rs 1,596 crore in March 2023, aided by a focus on repeat customer conversion and green channel disbursals.Consumer loans continued to scale up with Rs 4,886 crore disbursements in 2022-23 compared with Rs 2,254 crore in 2021-22 (up 117 per cent YoY).SME Loans also registered robust growth where disbursements crossed the Rs 1,000 crore milestone in 2022-23. This vertical recorded the highest-ever monthly disbursement of Rs 274 crore in March 2023.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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L&t finance holdings ltd, Latest News

Business :L&T Finance Holdings' net profit up 46 pc March quarter, up 52 pc in 2022-23

Mumbai (Maharashtra) [India], April 29 : L&T Finance Holdings Ltd, one of the key Non-Banking Financial Compes (NBFCs) in ... ...