RoA expands further as retail mix improves

Company
25 Jan 2024
5 Min read 
  • L&T Finance Holdings (LTFH) reported in-line 3QFY24 results with PAT of INR6.4b.
  •  Retail loans grew 8% QoQ and 31% YoY, driven by growth in MFI, Home Loans, and 2W.
  •  The company aims to achieve a retail mix of 95% by March 2024.
  •  LTFH has achieved its Lakshya 2026 goals two years ahead of time.
  •  The company expects to improve consolidated RoA to 2.8-3.0% by FY26.
  •  Maintain BUY rating with a target price of INR200.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority