Company Update : L&T Finance Ltd By Motilal Oswal Financial Services Ltd
Retail loans grew ~19% YoY; retail mix now at ~97%
Wholesale loans could have potentially declined to ~INR29b
* 4QFY25 retail disbursements declined ~1% YoY/2% QoQ to INR148.7b (PY: INR150.4b). FY25 retail disbursements grew ~11% YoY to INR600b.
* Rural business disbursements declined 11% YoY. Farmer finance disbursements grew 14% YoY, urban finance disbursements rose 2% YoY, and SME disbursements increased ~25% YoY.
* Retail loan book grew 19% YoY and 3% QoQ to INR951b.
* Retail loan mix increased to ~97% (similar to previous quarter) and well ahead of Lakshya FY26 retail mix target of over 80%. This implies that the wholesale book could have declined to ~INR29b.
* Pan-India 0dpd collection efficiency in Mar’25 for rural group loans and MFI business stood at ~99.38%, and excl. Karnataka, it was at ~99.64%.
For More Research Reports : Click Here
For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412
