L&T Finance Sees Record Retail Disbursals in Q3, Yet Rural and Micro Slippages Impact Profit
2025-01-20
MSN
L&T Finance has reported a record high in retail disbursals for the third quarter, showcasing a strong performance in the sector. However, the company's profit took a hit due to rural and micro slippages. The consolidated gross stage 3 assets ratio saw a slight deterioration to 3.23% as of December from 3.19% in the previous quarter. Consequently, the profit fell by 2% compared to the same period last year, affecting the company's overall financials and highlighting the challenges in the microfinance and rural lending space, which are key areas of focus for financial institutions and banking services.
