Holding Company L&T; Finance Holdings announced Q1FY24 results: Retail portfolio mix now stands at 82% of the total loan book; achieved Lakshya 2026 goal of greater than 80% retailisation almost three years in advance Robust Q1FY24 retail disbursements at Rs 11,193 crore, up 25% YoY driven by strong growth across all retail segments coupled with top-notch digital and data analytics Accelerated reduction in the wholesale book by 65% YoY, a reduction of Rs 25,992 crore in line with Lakshya 2026 gaining momentum towards becoming a top-notch, retail finance company Achieves Lakshya 2026 goal of over 80 percent retailisation much ahead of time PLANET app crosses 44 lakh downloads; powering up with digital technology towards becoming a Fintech@Scale Progressing well on the proposed merger of entities leading to a 'single entity structure' PAT stood at Rs 531 crore, up 103% in Q1FY24 from Rs 262 crore in Q1FY23 Strong Balance Sheet with a Capital Adequacy Ratio of 25.75% (Tier 1: 23.42%) in Q1FY24 and adequate liquidity buffers in place Declared highest final dividend till date of Rs 2 per equity share (face value of Rs 10 per share) for FY23 Rated ‘AAA’ by CRISIL, ICRA, CARE and India Ratings Commenting on the financial results, Dinanath Dubhashi, Managing Director & CEO, L&T; Finance Holdings said, “It gives me immense pleasure to announce that we have achieved Retailisation of 82% in Q1FY24 itself, much ahead of Lakshya 2026 goal of greater than 80% Retailisation. In fact, we have been able to achieve most of our Lakshya 2026 goals almost 3 years in advance. This achievement is attributed to the twin strategy of strongly growing the retail asset book on one side and ensuring a sharp reduction in the wholesale book on the other, while maintaining best-inclass asset quality. On the fintech front, our customer facing application PLANET has crossed 44 lakh downloads as on date and is constantly evolving to offer exciting features to our customers, while servicing most of their requirements. Going forward, we will sustain our growth momentum and continue to work towards creating a customer-focused and sustainable Fintech@Scale. The Company will continue to develop digital finance delivery as a customer value proposition thereby touching every part of the customer ecosystem through our digital offerings.” Result PDF