L&T; Finance Holdings announced Q2FY23 results: PAT at Rs. 406 crore, up 81% YoY Highest-ever quarterly retail disbursements at Rs. 10,238 crore, up 15% QoQ and 84% YoY Retail portfolio mix at 58% (up from 47% in Q2FY22) Retail Book stands at Rs. 52,040 crore, up 9% QoQ and 27% YoY – in line with Lakshya 2026 strategic plan Commenting on the financial results Mr. Dinanath Dubhashi, Managing Director & CEO, L&T; Finance Holdings, said, “LTFH’s results in Q2FY23 showcase our steadfast commitment towards accelerated retailisation, in line with our strategic plan Lakshya 2026. Retail disbursements are at an all time high, even surpassing the highest ever retail disbursements registered last quarter. Our retail portfolio mix has reached 58%, up from 47% in Q2FY22, aided by the steady growth witnessed across business segments. Driven by data analytics-led business rule engines, we saw robust disbursements in our chosen ‘Right to Win’ market leading retail products, with two of them registering highest ever disbursements during the quarter, namely Rural Business Finance and Two-Wheeler Finance. Our sustained focus on our business strengths as well as deep integration of data analytics in the decisionmaking process across the customer lifecycle helped us hit new milestones in our Home Loan segment while scaling up Consumer and SME Loans” Result PDF
L&T; Finance Holdings Announced Q1FY23 Result : Pivoting towards a ‘customer friendly’ fintech @ scale organization Making steady start towards Lakshya 2026, Q1FY23 PAT up by 47% YoY PBT at Rs. 357 Cr, up 50% YoY and PAT at Rs. 262 Cr, up 47% YoY Accelerated retailisation momentum powered by Fintech @ scale: Maintained strong business momentum backed by digitization and leveraging power of data in addition to inherent business strengths; Highest-ever quarterly retail disbursements at ~Rs. 8,938 Cr, up 10% QoQ and 148% YoY – Strong disbursement momentum surpassing Q4FY22 Retail portfolio mix at 54% (up from 45% in Q1FY22); increase in retail book by 6% QoQ and 19% YoY – in line with Lakshya 2026 strategic plan Normalized collections rhythm with robust performance across businesses Powering up with Digital technology and new products to support future growth: Continued scale-up of end-to-end digital products Disbursements of Rs. 1,010 Cr in Consumer Loans, up by 26% QoQ; Steady uptick in SME Loans - Pilot launched in Q3FY22 and book size of Rs. 126 Cr till Q1FY23 Continued performance on business levers: Achieved highest-ever NIM + Fees of 8.23% in Q1FY23, up 71bps YoY Lowest-ever WAC at 7.27%, even in a phase of increasing interest rate regime GS3 at 4.08% in Q1FY23; PCR at 55%; NS3 at 1.87%. Adequate additional provisions of Rs. 1,450 Cr (1.73% of standard assets) over and above GS3 and ECL provisions Poised for medium to long-term growth with: Strengthened balance sheet - Capital adequacy at 23.12% (Tier 1: 19.98%) D/E ratio at 4.05x in Q1FY23 Rated AAA by CRISIL, ICRA, CARE and India Ratings Commenting on the financial results Mr. Dinanath Dubhashi, Managing Director & CEO, L&T; Finance Holdings, said, “LTFH’s results in Q1FY23, apart from highlighting our business strengths also reflects our continuing focus on our stated strategy of accelerated retailisation. Retail disbursements are at an all-time high. Our retail portfolio mix has reached 54%, and our chosen 'Right to Win' market leading products are on firm ground owing to sustained focus on our business strengths as well as deep integration of data analytics in the decision-making process, while disbursing, servicing and collecting loans, across the customer life cycle. We have disbursed at a monthly run rate of ~ Rs. 1,300 Cr in the Rural Business Loans segment, while hitting new milestones in Consumer Loans and Home Loans.” Result PDF