L&T Finance said that its retail disbursements for Q2 FY25 was at Rs 15,070 crore, registering a growth of around 12% as against Rs 13,499 crore recorded in Q2 FY24.
Rural business finance disbursements were at Rs 5,430 crore(down 5.4% YoY), Farmer finance disbursements stood at Rs 1,780 crore(up 16.04% YoY), Urban finance disbursements were at Rs 6,280 crore (up 29.24% YoY) and SME finance disbursements came in at Rs 1,240 crore in Q2 FY25(up 42.2% YoY).The value of acquired portfolio for Q2 FY25 was Rs 340 crore.
Retail loan book at the end of Q2 FY25 was estimated at approximately Rs 88,950 crore, up 28.13% on a YoY basis.
Retailisation of the portfolio was approximately 96% as at end of Q2 FY25 from 88% in Q2 FY24.
Meanwhile, the company has allotted 30,000 listed, secured, rated, redeemable, non-convertible debentures having face value of Rs 1 lakh each, aggregating to Rs 300 crore through private placement.
L&T Finance offers financing for two-wheelers, consumer goods, homes, farm equipment, women entrepreneurs, rural groups, real estate, and infrastructure. It provides financing for small and medium enterprises through term loans and overdraft facilities.
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The investment company reported 29.11% increase in consolidated net profit to Rs 685.51 crore on 12.08% rise in total income to Rs 3,784.61 crore in Q1 FY25 over Q1 FY24.
The counter fell 3.37% to end at Rs 174.95 on Friday, 4 October 2024.
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