L&T FINANCE HOLDINGS LTD. - 533519 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Please find enclosed postal ballot notice07-02-2024
07-02-2024
L&T FINANCE HOLDINGS LTD. - 533519 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of the investor(s) / analyst(s) meet for Q3FY2023-24 financial performance and strategy update held on January 24, 2024.01-02-2024
L&T FINANCE HOLDINGS LTD. - 533519 - Announcement under Regulation 30 (LODR)-Allotment
Allotment of Non-Convertible Debentures on Private Placement basis.29-01-2024
L&T FINANCE HOLDINGS LTD. - 533519 - Details Of Key Managerial Personnel Authorised For Determining Materiality Of An Event Or Information
Please find enclosed an intimation with respect to the captioned subject25-01-2024
L&T FINANCE HOLDINGS LTD. - 533519 - Audio Recording Of Investor(S) / Analyst(S) Meet - Q3FY2023-24 Financial Performance And Strategy Update
Please find enclosed intimation regarding upload of the audio recording of investor(s) / Analyst(s) meet.24-01-2024
L&T Finance Holdings Results Earnings Call for Q3FY24
Conference Call with L&T; Finance Holdings Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.24-01-2024
Q3FY24 Quarterly Result Announced for L&T Finance Holdings Ltd.
Holding company L&T; Finance Holdings announced Q3FY24 results: Key Highlights: Profit After Tax (PAT): L&T; Finance Holdings records a consolidated PAT of Rs 640 crore for Q3FY24, marking a significant increase of 41% YoY. Net Interes t Income (NII): Consolidated NII grew by 8% to Rs 1,833 crore compared to Rs 1,693 crore in the same quarter last year. Achieved Lakshya 2026 goals two years ahead of time with: Retailisation at 91% vs. Lakshya 2026 target of >80% Retail Book growth at 31% YoY vs. targeted growth rate of 25% Retail Asset Quality with Gross Stage 3 (GS3) at 2.95% and Net Stage 3 (NS3) at 0.64% as against a target of GS3: <3% and NS3: <1%, respectively Achieved highest ever quarterly Retail Disbursements at Rs 14,531 crore, up 25% YoY driven by a robust business model, strong growth across all retail segments coupled with topnotch digital and data analytics Completed the merger of L&T; Finance, L&T; Infra Credit, and L&T; Mutual Fund Trustee with L&T; Finance Holdings in Q3FY24, thereby creating a ‘Single Lending Entity’ Business Performance: Retail Disbursements: Reached the highest-ever quarterly figure of Rs 14,531 crore, up by 25% YoY. Retail Book Size: Grew by 31% YoY, now standing at approximately Rs 74,759 crore compared to Rs 57,000 crore in Q3FY23. Net Interest Margins (NIMs) + Fees: Consolidated NIMs plus fees improved substantially to 10.93% in Q3FY24 from 8.80% in Q3FY23. Credit Cost: Consolidated credit cost slightly decreased to 2.52% in Q3FY24 from 2.67% in the same quarter of the previous year. Digital and Technological Advancements: Digital Disbursements: 100% of loans in Urban and Rural areas were disbursed digitally during the quarter. PLANET App: Crossed 76 lakh downloads, serving as a channel for collections and loan sourcing. Asset Quality: Gross Stage 3 (GS3): Reduced to 2.95% compared to 3.05% QoQ and 3.47% YoY. Net Stage 3 (NS3): Showed improvement, registering at 0.64% down from 0.67% QoQ and 0.73% YoY. Operational Highlights: Return on Assets (ROA): Consolidated ROA reached 2.53% in Q3FY24, an increase of 87 basis points (bps) YoY and 11 bps QoQ. Credit Ratings: 'AAA (Stable)' rating reaffirmed by major rating agencies post-merger. Commenting on the financial results, Sudipta Roy, who took over as Managing Director and Chief Executive Officer of L&T; Finance Holdings on January 24, 2024, said, “It gives me immense pleasure to announce that we have achieved all our ‘Lakshya 2026’ goals two years in advance. With Retailisation at 91%, we have transitioned to a Retail NBFC straddling the Rural and Urban ecosystem. Going forward, our key focus will be on making Lakshya's goals sustainable by ensuring that our performance is consistent and predictable. To achieve this, we have concentrated our attention on executing strategy basis 5 key pillars, namely enhanced customer acquisition through funnel creation and contiguous/new products, sharpening credit underwriting by moving from a mono-axis underwriting to multi-axis underwriting i.e., Credit Bureau plus Account Aggregator and Orthogonal Signals, creating futuristic digital architecture, heightening brand visibility through an increased share of voice, and capability building by ramping up tech talent.” Result PDF24-01-2024
L&T FINANCE HOLDINGS LTD. - 533519 - Announcement under Regulation 30 (LODR)-Change in Management
Please find enclosed the annexure pertaining to change in directors of the Company as disclosed in the outcome of the Board Meeting held on January 23, 2024.23-01-2024
L&T FINANCE HOLDINGS LTD. - 533519 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed investor presentation.23-01-2024
L&T FINANCE HOLDINGS LTD. - 533519 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed press release.23-01-2024