L&T Finance net profit doubles on growth in rural loans

July 20, 2023

Consolidated net profit increased to ₹531 crore in the quarter ended June 30 from ₹261 crore a year ago. The strong growth in retail loans helped the company achieve a retail portfolio mix of 82%. The company is ahead of the stage-gated milestone of reaching the ultimate target of 80% by 2026.

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