L&T Finance retail disbursements rise 27% in the September quarter
L&T Finance estimates retail disbursements of 240 billion rupees for the quarter ended September 30, up 27% from a year earlier. Its closing retail loan book reached an estimated 1.345 trillion rupees. Urban, gold and small-business lending expanded, while rural-business finance was broadly stable and farmer finance declined slightly. The operational figures remain provisional ahead of the detailed financial results.
Economics & Markets··Evening
New retail lending reaches 240 billion rupees
L&T Finance estimates retail disbursements of 24,000 crore rupees, equivalent to 240 billion rupees, for the quarter ended September 30. That is 27% above the corresponding quarter a year earlier. The company released the provisional figures on October 3. The figure describes new lending during the quarter, placing the expansion in the company’s retail activity rather than in an announced profit result.[1], [2]
The year-earlier disbursement figure was 18,883 crore rupees. The estimated closing retail loan book reached 134,500 crore rupees, or 1.345 trillion rupees, up 29% from 104,606 crore a year earlier. Disbursements and the closing loan book measure different things: one measures lending over the quarter, while the other measures the portfolio at its end. The two growth rates retain those separate bases.[1]
Urban, gold and small-business finance expand
Urban-finance disbursements reached 10,320 crore rupees, increasing 27% from a year earlier. Gold-finance disbursements rose from 983 crore to 3,230 crore rupees, more than tripling. Small- and medium-enterprise finance increased 24% to 1,820 crore rupees. These categories provide the operational detail behind the broader retail increase, while their distinct starting sizes mean their growth percentages alone do not show equal contributions.[1]
The acquired-portfolio category rose from 319 crore rupees to 640 crore. That category sits alongside the separately reported lending segments in the update. The company’s retailisation ratio increased from 98% to 99%, describing the growing retail share of its portfolio. The operational release thus reports both a larger retail loan book and a greater retail weighting, while keeping the individual business categories visible.[1]
Rural lending varies by category
Rural-business finance reached 6,350 crore rupees, close to the year-earlier 6,316 crore. Farmer finance was 1,640 crore rupees, slightly below the preceding year’s 1,654 crore. Growth was therefore not uniform across the reported categories. The strong headline increase coexists with comparatively little movement in rural-business finance and a small decrease in farmer finance, rather than an expansion of equal strength across all activities.[1]
The company says these estimated figures remain provisional and subject to limited review by statutory auditors before detailed financial results are declared. The update covers operational lending volumes and closing balances for the September quarter. Net profit, credit losses and an audited balance sheet are outside the results announced here. Its annual growth comparisons refer to the corresponding earlier quarter or closing date, not an annualised forecast of future lending.[1]
