L&T FINANCE HOLDINGS LTD. - 533519 - Corporate Action-Amalgamation/ Merger / Demerger
Please find enclosed an intimation on record date pursuant to the scheme of amalgamation of L&T Finance Limited, L&T Infra Credit Limited and L&T Mutual Fund Trustee Limited with the Company L&T FINANCE HOLDINGS LTD. - 533519 - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Please find enclosed intimation pertaining to effectiveness of Scheme of Amalgamation among L&T Finance Limited, L&T Infra Credit Limited, L&T Mutual Fund Trustee Limited with the Company L&T FINANCE HOLDINGS LTD. - 533519 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Please find enclosed intimation pertaining to allotment of equity shares under ESOP. L&T FINANCE HOLDINGS LTD. - 533519 - Announcement Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Please find enclosed disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015. L&T FINANCE HOLDINGS LTD. - 533519 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Please find enclosed the transcript of the investor(s) / analyst(s) meet for Q2FY2024 financial performance and strategy update held on October 23, 2023. L&T FINANCE HOLDINGS LTD. - 533519 - Audio Recording Of Investor(S) / Analyst(S) Meet - Q2FY2023-24 Financial Performance And Strategy Update
Please find enclosed intimation regarding upload of the audio recording of investor(s) / analyst(s) meet. Q2FY24 Quarterly Result Announced for L&T Finance Holdings Ltd.
L&T; Finance Holdings announced Q2FY24 results: 1. Financial Performance - L&T; Finance Holdings Ltd. records Q2FY24 consolidated Profit After Tax (PAT) of Rs. 595 crore, up 46% YoY. - NIMs up by 11% YoY at Rs 1,729 crore in Q2FY24. - Credit Cost down by 10% YoY at Rs. 517 crore in Q2FY24. - Capital Adequacy Ratio of 25.16% (Tier 1: 22.99%) in Q2FY24. 2. Retail Business Highlights - Highest ever quarterly Retail disbursements at Rs. 13,499 crore, up 32% YoY. - Retail portfolio mix now stands at 88% of the total loan book. - Retail book size up 33% YoY at Rs. 69,417 crore. - Improved Retail Asset Quality with GS3 at 3.05% and NS3 at 0.67%. 3. Wholesale Portfolio - Wholesale book reduced by 76% YoY. - Wholesale book now stands at Rs. 9,318 crore. 4. Moving to a Single Lending Entity - Proposed merger of subsidiaries - L&T; Finance Ltd., L&T; Infra Credit Ltd., and L&T; Mutual Fund Trustee Ltd. with the equity-listed holding company approved by NCLT. 5. ESG and CSR Initiatives - ~433 tCO2e emission avoided by switching to green power. - 7,350 Electric Vehicles financed in Q2FY24. - Various initiatives for creating digital and financial literacy, cleanliness drives, relief kits distribution, tree plantation, and road safety awareness. Mr. Dinanath Dubhashi, Managing Director & CEO, L&T; Finance Holdings Ltd. said, “After having achieved most of our Lakshya 2026 goals, it gives me immense pleasure to announce that we have continued the trajectory of metamorphosizing into a topnotch Retail finance Company. During the quarter, LTFH not only reached a retail portfolio mix of 88%, but also achieved the highest ever quarterly Retail disbursements of Rs. 13,499 crore, registering a growth of 32% YoY. This achievement is attributed to the twin strategy of strongly growing the retail asset book on one side and ensuring a sharp reduction in the wholesale book on the other, while maintaining best-in-class asset quality. On the fintech front, our customer facing application PLANET has crossed 60 lakh downloads as of date and is constantly evolving to offer exciting features to our customers, while servicing most of their requirements. Going forward, we will continue to focus on sustainably delivering Lakshya goals through a concentrated focus on 5 key pillars, namely enhanced customer acquisition, sharpening credit underwriting, implementing futuristic digital architecture, heightened brand visibility and capability building. At LTFH, we strongly believe that the Retail segment holds promising opportunities, and we will continue to grow and ride this growth by scaling up our product portfolio, customer touchpoints, capability enhancements, and use of data analytics in doing business. We will sustain our growth momentum and continue to work towards creating a customer-focused and sustainable Fintech@Scale. The Company will continue to develop digital finance delivery as a customer value proposition thereby touching every part of the customer ecosystem through our digital offerings.” Result PDF L&T FINANCE HOLDINGS LTD. - 533519 - Announcement Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Please find enclosed disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 L&T FINANCE HOLDINGS LTD. - 533519 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed presentation to be made to the investor(s) / analyst(s). L&T FINANCE HOLDINGS LTD. - 533519 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed press release for the quarter and half year ended September 30, 2023