L&T Finance - Fortifying Position In Retail; Contingent Buffer To Cushion Credit Cost: ICICI Securities
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.
ICICI Securities Report
L&T Finance Holdings Ltd.’s Q4 FY21 performance was skewed towards its targeted objective of improving the retail mix in overall assets under management (43% now).
Company further fortified its position in tractor and two-wheeler segments, focused on salaried home loans and heavily pushed micro finance institution lending (to almost 40% of overall disbursements) based on collection-driven strategy.
Nevertheless, cautious stance in loan against property, real estate lending and modest infra disbursements derailed AUM growth much below expectations.
Stage-III assets looked optically lower, but the decline was attributable to de-focused businesses rather than the operating ones.
Click on the attachment to read the full report:
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.