L&T Finance Q1 Update: Retail Loan Book Jumps 31% To Rs 84,440 Crore
L&T Finance Ltd.'s retail loan book rose 31% on a yearly basis to Rs 84,440 crore in the first quarter of fiscal 2025, according to a provisional quarterly business update filed with stock exchanges on Wednesday.
The non-bank lender reported an advance of 33% in retail disbursements at Rs 14,830 crore in the April-June quarter, as compared to Rs 11,192 crore in the same period last year. Realisation of the portfolio is estimated at 95%.
Urban finance saw a disbursement of Rs 6,040 crore, followed by Rs 5,770 crore for rural business finance and farmer loans of Rs 1,900 crore. Finance for small and micro enterprises stood at Rs 980 crore and acquired portfolio at Rs 140 crore.
Shares of L&T Finance closed 0.69% higher at Rs 188.6 apiece, ahead of the announcement, compared to 0.69% advance in the benchmark BSE Sensex.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
