L&T Finance Sees Record Retail Disbursals in Q3, but Profit Takes a Hit from Rural and Micro Slippages
2025-01-20
MSN
L&T Finance has reported a record high in retail disbursals for the third quarter, driven by strong demand for loans. However, the company's profit took a 2% hit year-over-year due to increased rural and micro slippages, which weighed on its financial performance. The consolidated gross stage 3 assets ratio also worsened to 3.23% as of December, up from 3.19% in the previous quarter. This trend is a concern for the company's asset quality and may impact its future growth. Key factors such as credit risk and loan defaults are being closely monitored. Financial services and lending institutions are closely watching these developments, as they navigate the challenges of rural finance and microfinance lending.
