L&T Finance Holdings’ consolidated net profit more than doubled in the June 2023 quarter. The company has earned a consolidated net profit of Rs 531 crore in the first quarter of the current financial year. L&T Finance Holdings had posted a profit of Rs 262 crore during the same period a year ago. Shares of the company closed at Rs 131.10 on the Bombay Stock Exchange on Thursday.

The company’s revenue was Rs 3223 crore.
In the April-June quarter of the current financial year, the revenue of L&T Finance Holdings increased by 8% to Rs 3223 crore. The revenue of L&T Finance Holdings was Rs 2988 crore in the first quarter of the last financial year. The company has said that it has already achieved the ‘target 2026 goal’ of more than 80% retailization 3 years in advance.

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Retail book size stood at Rs 64274 crore
Retail PAT for the first quarter stood at Rs 533 crore, up 176% YoY. The retail book size stood at Rs 64,274 crore in the June quarter of the current financial year, which is 34% higher than the same period a year ago. L&T Finance had a retail book size of Rs 47,794 crore in the corresponding period last year. On the Fintech front, customer facing application Planet has crossed 4.4 million downloads.

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