L&t Finance Holdings

L&T Finance shares plunge 8% post Q4 earnings; results breakdown here

L&T Finance stock fell as much as 8.55 per cent during the day to ₹158.2 per share, the worst intraday session since April 7 this year

L&T Finance Q3 result: PAT down 2% to Rs 626 cr on rise in impairment costs

Its Net Interest Margin + Fees & Other Income stood at 10.33 per cent for Q3Fy25 down from 10.93 per cent in Q3Fy24, according to Analysts presentation

Q3 results today: Zomato, Paytm, IDBI among 37 to post earnings on Jan 20

Q3 FY25 company results January 20: Zomato, Paytm, IDBI Bank, L&T Finance, Dr Reddy's, and YES Bank will be releasing their Oct-Dec quarter report today

Breakout stocks: MidCaps HDFC AMC, L&T Fin can rally up to 18%; show charts

Technical charts show that these four stocks have given a breakout on the daily scale on closing above the super trend line indicator.

L&T Finance gains 4% after 3.5% equity changes hands via block deals

As per reports, Bain Capital, and BNP Paribas were looking to offload remaining 3.5 per cent stake in LTF in a block deal today

NBFC major L&T Finance Holdings receives approval for name change from RoC

The name of L&T Finance Holdings (LTFH) has been changed to L&T Finance Ltd following approval from the Registrar of Companies (RoC), the company said in a statement on Friday. Mumbai-headquartered L&T Finance, formerly known as L&T Finance Holdings, is a leading non-banking financial company (NBFC), offering a range of financial products and services. L&T Finance Managing Director & CEO Sudipta Roy said subsequent to the merger, effective December 4, 2023, the rebranding initiative reflects company's commitment towards creation of the simplified 'single lending entity', housing all lending businesses under one operating NBFC. "To us, the name change simply signifies a renewed focus on delivering value to our customers and driving sustainable growth," Roy said. In December 2023, the company had successfully completed the merger of its subsidiaries -- L&T Finance, L&T Infra Credit, and L&T Mutual Fund Trustee, with itself. Apurva Rathod, Company ...

L&T Finance Holdings inks pact with JICA for $125 million funding

The project is strategically aligned with the goals of the Ministry of Rural Development as it focuses on lending in rural and peri-urban areas of lagging Indian states

L&T Finance Holdings Q3 results: Net profit up 41% at Rs 640 crore

Its credit costs declined to 2.52 per cent from 2.67 per cent a year ago

Future strategy is all about sustaining this growth: L&T Finance CEO

As far as retail growth is concerned, you would see the target was 25% growth, and we have consistently achieved more than 30% growth, he said

L&T Finance announces completing merger of 3 subsidiaries with itself

Merger will create "sustainable value" for stakeholders and help governance, says NBFC

L&T Finance Holdings completes merger of 3 of its subsidiaries with itself

LTFH also announced the appointment of Amresh Kumar as its chief risk officer for two years effective from December 4

L&T Finance Holdings Q2 results: Net profit rises 46% to Rs 595 crore

Its net interest income rose by 11 per cent year-on-year to Rs 1,726 crore

L&T Finance net jumps 46% to Rs 595 crore on strong retail loan sales

L&T Finance Holdings on Friday reported a 46 per cent on-year growth in net income at Rs 595 crore for the September quarter on the back of record retail loan sales. It achieved the highest-ever quarterly retail disbursements of Rs 13,499 crore, a growth of 32 per cent on-year, the lender said in a release. Its retail portfolio mix now stands at 88 per cent of the total loan book, even as it continued to reduce the wholesale book by a steep 76 per cent on-year or by Rs 28,740 crore. Its asset quality improved with gross Non Performing Assets (NPAs) falling to 3 per cent from 3.82 per cent and net NPAs to 1 per cent from 1.14 per cent, L&T Finance Holdings managing director and chief executive Dinanath Dubhashi said. Net income from retail loans came in at Rs 606 crore, up 86 per cent, on the back of strong net interest margin of 12.16 per cent, which rose from 11.33 per cent leading to a reduction in credit cost to 2.74 per cent from 3.46 per cent. Retail loan book rose 33 per

RBI puts Rs 2.5 cr penalty on L&T Finance for non-compliance of NBFCs norms

The Reserve Bank of India on Friday said a penalty of Rs 2.5 crore has been imposed on L&T Finance Ltd for non-compliance with certain norms concerning non-banking financial companies (NBFCs). After examination of reports following statutory inspection of the company, the RBI said it was revealed that the NBFC did not disclose to its retail borrowers, the gradation of risk and rationale for charging different interest rates to different categories of borrowers in the loan application form/sanction letter. It also failed to notify the change in penal interest rate to borrowers, when it charged penal interest rate higher than what was communicated at the time of sanction, the RBI said. "After considering the company's reply to the notice, additional submissions made by it and oral submissions made during the personal hearing, the RBI came to the conclusion that the charge of non-compliance... was substantiated and warranted imposition of monetary penalty, to the extent of such ...

L&T Finance Holdings hits over 3-year high, surges 8% on heavy volumes

With the retail loan book gaining traction to almost over 90 per cent of outstanding AUM by FY24E, valuation multiple should witness a re-rating

Stocks to Watch today, June 9: Asian Paints, L&T Fin, HAL, Urja Global

Stocks to watch today, June 9, 2023: Tata Power Renewable Energy, through its subsidiary, has received a contract to set up a 966 MW round-the-clock hybrid renewable power projects for Tata Steel

L&T Finance Holdings hits 52-week high, surges 6% on strong Q3 results

After the divestment of the mutual fund business, LTFH has proposed merger of its subsidiary lending entities - L&T Finance and L&T Infra Credit with itself

Stocks to Watch: Wipro, HDFC Bank, DMart, Delhivery, NDTV, Sula Vineyard

Stocks to Watch today: Wipro, after market hours on Friday, reported a consolidated net profit of Rs 3,052 crore for October-December FY23, an increase of 2.8 per cent year-on-year (YoY)

L&T Finance's Q3 net profit rises 39% on improved margins and fees

To accelerate sale of wholesale loan book; Makes one-time provision of Rs 2,687 cr

HSBC Asset Management Company completes acquisition of L&T Mutual Fund

L&T Finance Holdings said it has received Rs 3,485 crore from HSBC AMC as sale proceeds