L&T Finance Holdings trades higher on reporting 33% rise in retail disbursements during Q4FY24
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L&T Finance Holdings is currently trading at Rs. 171.95, up by 1.90 points or 1.12% from its previous closing of Rs. 170.05 on the BSE.
The scrip opened at Rs. 174.70 and has touched a high and low of Rs. 175.00 and Rs. 171.60 respectively. So far 246354 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 179.00 on 05-Feb-2024 and a 52 week low of Rs. 83.02 on 06-Apr-2023.
Last one week high and low of the scrip stood at Rs. 175.00 and Rs. 158.85 respectively. The current market cap of the company is Rs. 43071.11 crore.
The promoters holding in the company stood at 65.90%, while Institutions and Non-Institutions held 19.75% and 14.36% respectively.
L&T Finance Holdings has reported 33% rise in retail disbursements to Rs 15,030 crore (Provisional) in Q4FY24 as compared to Rs 11,282 crore in Q4FY23. During Q4FY24, Rural Business Finance disbursements were at Rs 5,765 crore, Farmer Finance disbursements were at Rs 1,530 crore, Urban Finance disbursements were at Rs 5,980 crore and SME Finance disbursements were at Rs 1,210 crore.
The value of acquired portfolio for Q4FY24 was Rs 545 crore as against Rs 131 crore in Q4FY23. Its retail disbursements for FY24 stood at Rs 54,253 crore, i.e., a growth of around 29% on an annual basis.
L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.
