Highlights: PBT at Rs. 320 Cr, up 34% QoQ. PAT at Rs. 224 Cr in Q2FY22, up 26% QoQ Normalisation across collections & disbursements: Steady growth through quarters Collection led disbursement focus: Retail disbursements up 55% QoQ; Highest ever Q2 disbursement in Rural Finance Analytics based collections: Rural Finance business collections at Rs. 5,431 Cr, similar to Q3FY21 and Q4FY21. Collection efficiencies normalized to pre-Covid levels Adequate Provisioning: Covid 2.0 related risks adequately addressed through additional provisions and OTR provisions of Rs. 1,747 Cr (2.22% of standard book) Increasing traction in LTFH’s first ‘Digital Native’ Consumer Loans business: Rs. 479 Cr disbursed in Q2 Liquidity: Adequate liquidity buffers maintained as a prudent measure with liquid assets of Rs. 13,122 Cr Increase in retailisation: Rural + Retail Housing Book at 47% of the total book Achieved NIM+Fees of 7.58% in Q2FY22 vs 7.52% in Q1FY22 Lowest ever WAC at 7.53%; Reduction in quarterly WAC by 11 bps QoQ GS3 at 5.74% in Q2FY22; PCR at 52%; NS3 at 2.81%: GS3 at Rs. 4,796 Cr Poised for medium to long-term growth with: D/E ratio at 4.40 in Q2FY22 Strengthened balance sheet - C - Capital adequacy improved to 25.16% (Tier 1: 20.06%) ICRA revised long-term ratings outlook of LTFH to AAA ‘Stable’ Commenting on the financial results Mr. Dinanath Dubhashi, Managing Director & CEO, L&T; Finance Holdings, said, “Covid 2.0 as well as skewed monsoon and other macro-economic factors have had an impact on the business environment in Q2. Despite this, LTFH’s Rural Finance business had its best-ever Q2 disbursement and witnessed normalisation in collections and disbursements. The Company’s ability to successfully deliver on business metrics this quarter as well as throughout the Covid quarters is an important validation of its sound digital and data analytics strategy." Result PDF