L&T Finance Q3 retail disbursements up 25%; shares fall
L&T Finances retail loan book grew 32 per cent on a year-on-year basis to Rs 74,750 crore for the quarter ended December.
L&T Finance Holdings (L&TFH) said on Friday that its retail disbursements increased 24.9 per cent to Rs 14,500 crore for the October-December period. The stock of the Mumbai-headquartered non-banking financial company (NBFC) declined by as much as Rs 3, or 1.7 per cent, to Rs 168.7 apiece on BSE after starting the day with mildly higher.
In a quarterly business update, the company said its retail loan book expanded 32 per cent on a year-on-year basis to Rs 74,750 crore.
The company said the retailisation of its portfolio was estimated at 91 per cent at the end of December, well ahead of the company's "Lakshya 2026" goal of more than 80 per cent and better than 64 per cent a year ago.
(This story will be updated shortly)
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