L&T Finance Q2 results: Net profit rises 81% YoY on improved margins

Its capital adequacy was 22.65 per cent (Tier 1: 19.85 per cent) and Debt to Equity (D/E ratio) at 4.18 times in Q2FY23

L&T Finance Holdings Ltd’s (LTFH) net profit rose by 81 per cent year on year (YoY) to Rs 406 crore in the second quarter ended September 2022 on improvement in margins and fees.

The Net Interest Margin (NIM) plus fees grew to 8.43 per cent in September 2022, up 85 basis points over year ago level. Its stock closed flat at rs 79.05 per share on BSE.

Dinanath Dubhashi, Managing Director & CEO, L&T Finance Holdings, said, the quarterly retail disbursements of Rs 10,238 crore in Q2Fy23 were at an all-time high. The share of retail in the portfolio mix