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Fundamental Radar: Why does L&T Fin Holdings deserve to trade at a higher multiple? Sandeep Raina explains

It has already achieved a retail book of 88% in Q2 FY24 versus the target of 80% by FY26. The NBFC major has been able to bring down its wholesale portfolio by 77% within six quarters from Rs 39,795 crore in Q1 FY23 to Rs 9,255 crore in Q2 FY24.

L&T Fin Holdings: L&T Fin Holdings Q2 net profit jumps 46% at Rs 595 crore

The company recorded its highest ever quarterly retail disbursements of 13,499 crore, up 32%, on strong growth across retail segments enabled by digital and data analytics. Retail portfolio mix now stands at 88% of the total loan book against the company s target of 80% by 2026.

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