L&T Finance Holdings presented Q2FY23 results:PAT at Rs 406 crore, an increase of 81% YoY Highest quarterly retail payments ever at Rs 10,238 crore, up 15% QoQ and 84% YoY Retail portfolio mix at 58% (vs. 47% in Q2FY22) Retail book stands at Rs 52.040 crore, up 9% QoQ and 27% YoY, according to Lakshya's strategic plan to 2026
Commenting on the monetary results, Mr. Dinanath Dubhashi, Managing Director and CEO of L&T Finance Holdings, said: “LTFH's results for the second quarter of FY23 demonstrate our unwavering commitment to accelerating retail marketing in line with our Lakshya 2026 strategic plan Retail sales are at an all-time high, even surpassing the highest retail payments ever recorded in the last quarter. Our combined retail portfolio has reached 58%, up from 47% in the second quarter of FY22, supported by steady growth across all business segments. Driven by data analytics-driven business rules engines, we saw strong payouts across key retail products in our select "Right to Win" market, with two of them reporting the highest payouts during the quarter, notably Rural Business Finance and Two - Wheeler Finance. Our continued focus on the strengths of our business, as well as the deep integration of data analytics into the decision-making process throughout the customer lifecycle, has helped us achieve new milestones in our mortgage lending phase while we increased loans for consumers and SMEs”.
PDF of results