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Stock in focus: L&T Finance Holdings records 33% growth in Q4 retail disbursements

Stock in focus: L&T Finance Holdings records 33% growth in Q4 retail disbursements

LTF₹ 321.90(0.09%)

L&T Finance Holdings shares ended 1.98% higher at Rs 170.05 on Wednesday against the previous close of Rs 166.75 on BSE.  Market cap of the firm climbed to Rs 42,324 crore.

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Aseem Thapliyal
Aseem Thapliyal
  • Updated Apr 3, 2024 5:57 PM IST
Stock in focus: L&T Finance Holdings records 33% growth in Q4 retail disbursements L&T Finance Holdings Company is registered with the Reserve Bank of India (RBI) as a Systemically Important Non- Deposit Accepting Core Investment Company (NBFC-CIC).
SUMMARY
  • The announcement was made after market hours on Wednesday.
  • The financial stock has gained 4% in 2024 and risen 103% in a year.
  • A total of 1.84 lakh shares of the firm changed hands amounting to a turnover of Rs 3.10 crore.

Shares of L&T Finance Holdings Ltd will be in focus in Thursday’s trade after the firm said it clocked a 33% Y-o-Y growth in retail disbursements in the March 2024 quarter at Rs 15,030 crore (estimated). Retail disbursements in Q4 of FY23 stood at Rs 11,282 crore. On the other hand, retail disbursements rose 29% to Rs 54,253 crore (estimated) in FY24 against Rs 42,065 crore in FY23. Retail loan book too grew 31% to Rs 80,010 crore (estimated) on a Y-o-Y basis.

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The announcement was made after market hours on Wednesday.

L&T Finance Holdings shares ended 1.98% higher at Rs 170.05 on Wednesday against the previous close of Rs 166.75 on BSE.  Market cap of the firm climbed to Rs 42,324 crore.

The financial stock has gained 4% in 2024 and risen 103% in a year. A total of 1.84 lakh shares of the firm changed hands amounting to a turnover of Rs 3.10 crore.

L&T Finance Holdings Company is registered with the Reserve Bank of India (RBI) as a Systemically Important Non- Deposit Accepting Core Investment Company (NBFC-CIC). It is one of the leading Non-Banking Financial companies in India, with a strong presence across the lending business catering to the diverse financing needs of served and underserved customers. L&T Finance offers personal loans, two-wheeler loans, home loans, rural business loans, farm loans, and SME loans.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Apr 3, 2024 5:57 PM IST
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