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L&T Finance Holdings conducted a conference call on 24 January 2024 to discuss its financial results for the quarter ended December 2023. Sudipta Roy, MD&CEO of the company addressed the call:
Highlights:
The company has recorded the highest ever quarterly retail disbursements in Q3FY2024.
The has continued to focus on enhancing customer acquisition, strengthening underwriting, reducing credit costs, brand building and capability building.
The company has achieved its Lakshya 2026 targets well ahead in FY24.
The share of the retail loan book has increased to 91%, while the growth momentum is expected to continue ahead.
The asset quality of the retail loan book remains in the guided range with gross stage 3 asset ratio at 2.95% and net stage 3 assets at 0.64% end December 2023.
The compa...
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