On January 4, L&T Finance Holdings announced a robust projection, estimating a remarkable 31% year-on-year growth in its retail loan book for the October-December quarter of the financial year 2023-24, reaching a substantial figure of Rs 74,750 crore.
The release further disclosed that retail disbursements are anticipated to witness a substantial 25% year-on-year increase in the same quarter, reaching Rs 14,500 crore.
Breaking down the disbursements for the October-December quarter, Farmer Finance is projected to reach Rs 2,025 crore, marginally lower than the Rs 2,057 crore recorded in the corresponding quarter the previous year. Meanwhile, Rural Business Finance disbursements are estimated at Rs 5,475 crore, marking a noteworthy increase from Rs 4,281 crore in the same quarter a year ago.
The Urban Finance segment is expected to see disbursements totaling Rs 5,385 crore, surpassing the Rs 4,572 crore recorded in the comparable quarter of the previous year. Additionally, SME Finance disbursements are anticipated to reach Rs 965 crore, showcasing substantial growth from the Rs 538 crore recorded in the same quarter a year ago, as per the release.
The release also highlighted a significant shift in the retailisation portfolio of L&T Finance Holdings, which is estimated at 91% for the quarter ending December 31, 2023, in contrast to 64% for the same quarter in 2022. This shift underscores the company’s strategic emphasis on bolstering its retail presence.