L&T Finance Holdings posted a good set of earnings in the second quarter ended September 30,2017 on back of robust growth in disbursements, especially in the rural book along with scaling down of the de-focussed businesses.
In an interview to CNBC-TV18, Dinanath Dubhashi, MD & CEO of L&T Finance Holdings spoke about the results and his outlook for the company.
New microfinance centres opened in Q4 of FY17 and Q1 of FY18 are now coming into play and are contributing to disbursements, he said, adding that the overall productivity of all people on ground is also going up. These two things led to growth in microfinance, he said.
Renewable energy and road re-financing segments are also doing pretty well, he added.
He said public sector undertaking (PSU) banks are looked at more as customers than competitors. So, they expect further boost to company's fee income from PSU bank recapitalisation, said Dubhashi.
He is confident of healthy profit growth and expect FY18 loan growth to be at 25 percent.
Talking about return on equity (RoE) trajectory, he said it is expected to improve going ahead.
For full interview, watch accompanying video...
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