L&T; Finance Holdings announced Q4FY22 results: FY22 PAT at Rs. 1,070 crore, up 10% YoY. Q4FY22 PAT at Rs 342 crore. Continued strong business momentum backed by inherent business strengths; accelerated retailisation in FY22 Highest ever yearly retail disbursements at Rs. 24,901 crore, up 42% YoY Highest ever quarterly retail disbursement at Rs. 8,100 crore, up 22% YoY Retail portfolio mix at 51% (up from 43% in Q4FY21); increase in retail book by 6% QoQ and 10% YoY Normalized collections rhythm with robust performance across businesses New products support future growth: Continued scale-up of Consumer Loan business: Rs. 800 crore disbursed in Q4FY22, book at Rs. 2,300 crore Commenting on the financial results Mr. Dinanath Dubhashi, Managing Director & CEO, L&T; Finance Holdings, said, “LTFH’s results this quarter reflect our continuing focus on our stated strategy of retailisation of our business mix. The retail disbursements are at an all-time high owing to sustained focus on our business strengths as well as deep integration of data analytics in our decision-making process. The continued upswing in existing products and increased traction in new products bodes well in our journey to become a top-class retail finance company with over 80% retail book by 2026.” Result PDF
Finance company L&T; Finance Holdings declares Q3FY22 result: PBT at Rs. 452 Cr, up 29% YoY & 41% QoQ. PAT at Rs. 326 Cr, up 12% YoY & 46% QoQ Maintained strong business momentum backed by inherent business strengths; accelerated retailisation momentum All-time high retail quarterly disbursements of ~Rs. 7,600 Cr, up 29% YoY Retail portfolio mix at 50% (up from 40% in Q3FY21); increase in retail book QoQ by 4% Rural business now the largest lending segment (38% of lending book); showcasing 12% YoY growth Normalized collections rhythm with robust performance across businesses New products launched to support future growth: Continued scale-up of Consumer Loan business: Rs. 650 Cr disbursed in Q3FY22, Small and Medium Business Loans launched in Q3FY22 with end-to-end digital journey Continued performance on business levers: Achieved NIM+Fees of 8.10% in Q3FY22 vs 7.58% in Q2FY22 Lowest ever WAC at 7.47%; Reduction in quarterly WAC by 35 bps YoY and well protected from liquidity tightening and increase in interest rates GS3 at 5.91% in Q3FY22; PCR at 50%; NS3 at 3.03%. Adequate additional provisions of Rs. 1,699 Cr (2.19% of standard assets) over and above these Poised for medium to long-term growth with: Strengthened balance sheet - Capital adequacy improved to 24.1% (Tier 1: 20.3%) D/E ratio at 4.2 in Q3FY22 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, “The financial results of this quarter, apart from highlighting our business strengths, also underline a milestone achievement for our retailisation journey. The period saw businesses returning to pre-Covid levels despite industry degrowth during the festive season. In our retail businesses of Farm and Two-Wheeler finance, we maintained business momentum as a leading retail financier with a stable market share owing to our digital & data analytics capabilities. Our Micro Loans business volumes have normalized over Rs.1000 Cr/ month and we continue to gain traction in Consumer Loans and Home Loans." Result PDF