Page 6 - L&t Finance

Tough calls deliver big payoff at L&T Finance

In an industry where it is tough to trim business verticals, L&T Finance Holdings is as an example of having taken the bold decisions. Until a year or so back, the company was reckoned as an 'all-in-one' financier. From there, it has axed more than half of its verticals, thus reducing its operations from 22 business verticals to just three major segments, thereby letting go of lending to commercial vehicles, construction equipment, cars, leases, small and medium enterprises and so on. This business reengineering was done with the objective of improving its return on equity (ROE) and the company has set a target of 20 per cent by FY20. Trimming operations is already yielding the desired results. The company's ROE has improved from nine per cent at the start of the exercise in FY16 to 13 per cent in December'16 quarter (Q3). Operations are also structured towards this objective. For example, the rural financing segment focuses on farm equipment loans, two-wheeler loans and micro ...

L&T Finance promotes Dinanath Dubhashi as Managing Director

Prior to joining LTFS, Dubhashi was associated with organisations such as BNP Paribas, CARE Ratings and SBI Caps

L&T Finance Q1 net rises 8% at Rs 207 cr

Total income has increased to Rs 2,031 crore for quarter

L&T Finance may sell stake in MF business

Firm begins evaluation process, might exit from MF biz

L&T Finance: Wholesale lending drive growth

Shifting focus from project finance, L&T Finance has re-jigged business towards lower gestation sectors like renewable energy and roads

L&T Finance-IDBI deal prospects slim

Regulators may not approve a potential merger, say analysts