L&T Finance Ltd. (LTFH), part of the Larsen & Toubro Group, reported a 23% YoY growth in its retail loan book for Q3 FY2024, reaching Rs 92,200 crore, up from Rs 74,759 crore in the same period last year.
Retail disbursements rose by 4%, totaling Rs 15,170 crore, driven by strong urban finance and farmer finance segments. However, the rural business finance segment saw a decline of 16.2%, dropping to Rs 4,590 crore from Rs 5,475 crore in Q3 FY2023.
Despite this, L&T Finance’s retailisation ratio increased to 97% from 91% last year. Following the mixed results, L&T Finance shares saw a drop of more than 2%.
L&T Finance shares opened at ₹143.44, reaching a high of ₹143.81 and a low of ₹139.41 today. The stock has seen a 52-week high of ₹194.25 and a low of ₹134.10.
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