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In Q2 FY2024, L&T Finance reported a remarkable 17% increase in net profit, reaching Rs 696 crore. With an 18% growth in total assets and a 12% rise in retail disbursements, the company showcased resilience in a competitive market. However, management warns of potential challenges ahead, emphasizing the need for strategic planning as they navigate an evolving financial landscape. Dive into the details of their performance and outlook.
Piramal Finance, a leading non-bank lender in India, celebrates a significant milestone as its retail assets under management surpass the Rs 50,000 crore mark. This achievement reflects a robust 132% growth in retail loans since March 2022, with a substantial focus on affordable housing, underscoring its commitment to supporting accessible housing solutions across the country. Learn how Piramal Finance has achieved a remarkable feat by exceeding Rs 50,000 crore in retail assets under management, driven by a strategic expansion in affordable housing financing. This milestone highlights Piramal Finance's pivotal role in the financial sector, particularly in fostering sustainable and inclusive growth through tailored lending solutions. Explore Piramal Finance's journey to surpassing Rs 50,000 crore in retail assets under management, propelled by a significant increase in retail loans, predominantly supporting affordable housing initiatives.