Despite challenges, LTFH was able to achieve highest ever farm and 2-wheeler loan disbursements in the second quarter. LTFH was also able to achieve 99% plus collection efficiency in the micro loan segment during September, making it a favourite of analysts.
L&T Finance Holdings (LTFH) has reported lower than expected numbers for the second quarter of 2021-22. Slippage by one large NCR-based real estate account has resulted in spiking of its credit costs and pulled down its net profit q-o-q. Lower provisioning last year due to moratorium is another reason why its consolidated net profit fell by 10% y-o-y.
However, analysts are getting bullish on this counter and the strong momentum in LTFH’s rural
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