L&T Finance reports 12% growth in net profits during Q3'21-22


L&T Finance reports 12% growth in net profits during Q3'21-22

The company intensified its focus on retail loans which rose 29 per cent year-on-year to Rs 7600 crore. 2.0. The company’s retail portfolio mix now stands at 50% (up from 40% in Q3FY21), in line with its stated strategic objective.

PTC India acting chairman and managing director Rajib Kumar Mishra questioned the independent directors’ intent to raise questions regarding 10-year old loan and said PFS will soon fill the board level vacancies with ‘young’ people with ‘NBFC background’ to make faster decisions. He did not rule out an intent to ‘malify the company’.


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