BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
L&T Finance Holdings Ltd. posted a Q4 FY22 consolidated profit after tax of Rs 3.4 billion (16% miss).
FY22 profit after tax rose 11% YoY even as the credit costs remained elevated at ~3.6% since L&T Finance decided to further increase the pandemic management overlay against expectations of utilising the same in Q4 FY22.
Loan book started exhibiting growth and stood at Rs 883 billion (up 3% QoQ), driven primarily by infrastructure loans and home loans (up 5% QoQ each) as well as micro finance institution loans (up 11% QoQ).
The rural finance business (particularly micro and consumer loans) displayed strength, with monthly disbursement run-rate exceeding pre-Covid-19 levels in Q4 FY22.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR