L&T Finance shares surge 2% on 33% jump YoY of retail disbursements in Q4 FY24

Shares of L&T Finance Holdings surged by nearly 2% on Thursday, April 4, after reporting a notable increase in Q4 Retail Disbursements, which rose by 33.2%, with Assets Under Management (AUM) experiencing a 31% YoY growth.

The company recorded retail disbursements for Q4 FY24 estimated at approximately Rs 15,030 crore, reflecting a growth of nearly 33% on a YoY basis. In comparison, retail disbursements for Q4 FY23 stood at Rs 11,282 crore.

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Rural Business Finance disbursements were reported at Rs 5,765 crore, while Farmer Finance disbursements amounted to Rs 1,530 crore. Urban Finance and SME Finance disbursements stood at Rs 5,980 crore and Rs 1,210 crore, respectively. Additionally, the value of the acquired portfolio for Q4 FY24 was Rs 545 crore, compared to Rs 131 crore in Q4 FY23.

The retail loan book at the end of Q4 FY24 was estimated at Rs 80,010 crore, representing a growth of 31% on a YoY basis. Moreover, the retailization of the portfolio reached 94% at the end of Q4 FY24, up from 75% in Q4 FY23.

For the fiscal year 2023-24, L&T Finance’s retail disbursements stood at Rs 54,253 crore, indicating a growth of approximately 29% on an annual basis.

L&T Finance Holdings, a non-banking financial company (NBFC), offers a range of financial products including rural group loans & microfinance, farm equipment loans, two-wheeler loans, personal loans, home loans & loans against property, as well as SME Loans.