Page 4 - L&t Finance

L&T Finance net income rises over two-fold to Rs 531 crore in Q1

In a statement, the L&T Group company said its retail portfolio jumped to 82 per cent of the total loan book, up from 54 per cent in Q1FY23 and 75 per cent in Q4FY23

L&T Finance Q1 net doubles to Rs 531 cr, credit costs decline sharply

Dinanath Dubhashi, Managing Director & CEO, LTFH said the NIM+ Fees are stabilising. The interest rates in the system are also beginning to stablise

L&T Finance to sell bad loans worth Rs 3,022 crore to AMCs: Report

L&T Finance is making this step as part of its efforts to reduce its wholesale finance book, which comprises both infrastructure and real estate loans

F&O strategy: HDFC Securities suggests Bull Spread on L&T Finance

Nandish Shah of HDFC Securities recommends to buy L&T Finance 96 call option and simultaneously sell 100 call of the May series

L&T Finance Q4 net up 46% to Rs 501 cr on higher loan sales, margin

Retail-focused non-bank lender L&T Finance Holdings on Friday reported a 46 per cent year-on-year jump in consolidated net income to Rs 501 crore for the March 2023 quarter, boosted by better margins as its high-yielding retail book grew at a faster rate. The company said for the full year, the consolidated net income rose 52 per cent to Rs 1,623 crore, as its retail portfolio rose to 75 per cent of the total loan book, up from 51 per cent a year ago, giving it a better margin. The margin expansion was also surprising due to cheaper funds, which declined by 4 bps to 7.46 per cent for the year. At 7.46 per cent, this was the lowest ever yearly weighted average cost of borrowing at 7.46 per cent, down 4 bps compared to FY22, in an environment of rising interest rates, the company said in a statement. The year also saw the highest annual retail disbursements of Rs 42,065 crore, driven by strong growth across all retail segments, which in turn was an accelerated reduction in wholesale

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 Q1 net up 47% to Rs 262 cr on better interest margins

Firm expects NIM plus fees to stay above 8% in FY23

L&T Finance Holdings to focus on retail; exit wholesale, realty finance

Appoints L&T CEO S N Subrahmanyan as chairman; Shailesh Haribhakti to remain independent director

Sensex snaps 3-day rally, ends 191pts lower; Data Patterns up 28% on debut

Energy, auto, healthcare and banking shares were the major losers, while IT shares managed to buck the trend.

HSBC's AMC acquires L&T Mutual Fund business for $425 million

If the conversion rate of Rs 75 is taken, the deal will be worth approximately Rs 3,188 crore

Nabard, REC, TMF Holdings, L&T Finance raise Rs 6,900 cr in stable market

REC raised just over Rs 3,600 crore through a 15-year paper carrying coupon of 7.4 per cent.

Bears tighten grip; Sensex slips 400 pts, Nifty holds 15,200; PSBs rally

In the intra-day session, the Sensex and the Nifty indices touched a low of 51,586 and 15,171, respectively.

L&T Finance: Retail shift slowly playing out, credit cost remains a concern

While disbursements improved in Q3, asset quality trend remains an uncomfortable patch

NBFC shares in focus; Bajaj twins, Cholamandalam Investment surge up to 9%

L&T Finance, Indiabulls Housing Finance, IIFL Finance, REC, Shriram Transport Finance, Power Finance Corporation, LIC Housing and HDFC were up between 3 per cent and 9 per cent on the BSE

Stocks to watch: Mindtree, Maruti, Adani Green, YES Bank, Apollo Hospitals

The promoter of Adani Green Energy, Adani Trading Services LLP, on Monday offloaded shares worth nearly Rs 3,309 crore in the firm

Y M Deosthalee, brain behind L&T financial services business, dies at 74

Deosthalee served as the first chairman and managing director of L&T Financial Services.

L&T Finance gets board's approval to raise Rs 3,000 crore via rights issue

L&T Finance Holdings on Monday said its board has approved raising of up to Rs 3,000 crore through a rights issue. "The board approved the offer and issuance of fully paid-up equity shares of the company for an amount not exceeding Rs 3,000 crore by way of a rights issue to the eligible equity shareholders of the company," L&T Finance Holdings said in a regulatory filing. The company said details of the rights issue, including price and entitlement ratio, will be determined in due course. Shares of L&T Finance Holdings Ltd were trading 0.37 per cent lower at Rs 67.35 apiece on the BSE.

Rising stress among NBFCs sets the stage for a string of portfolio buyouts

Rising stress among NBFCs, and the difficulty faced by many of them in raising resources, may force the hand of several players

Here's a Bull Spread Strategy on L&T Finance by HDFC Securities

Short term trend of the stock is positive where stock price is trading above its 5 and 20-day SMA

MARKET WRAP: Sensex slips 394 pts amid weak global cues; RIL declines 1.7%

All that happened in the markets today