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L&T Finance Results: Latest Quarterly Results & Analysis

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L&T Finance Ltd. 16 Oct 2025 12:09 PM
Result PDF

Q2FY26 Quarterly Result Announced for L&T Finance Ltd.

Finance company L&T Finance announced Q2FY26 results

Q2FY26 Financial Highlights:

  • Highest ever PAT at Rs 735 crore vs Rs 696 crore in Q2FY25, up 6% YoY.
  • Total book size at Rs 1,07,096 crore vs Rs 93,015 crore in Q2FY25, up 15% YoY.
  • Net Interest Margin Fees at 10.22% vs 10.86% in Q2FY25.
  • Return on Equity (RoE) stood at 11.33% vs 11.65% in Q2FY25
  • Asset Quality:
    • Gross Stage 3 (GS3) stood at 3.29% in Q2FY26 vs 3.19% in Q2FY25.
    • Net Stage 3 (NS3) stood at 1.00% in Q2FY26 vs 0.96% in Q2FY25.

Other Highlights:

  • Retailisation stands at 98%.
  • Retail Book at Rs 1,04,607 crore vs Rs 88,975 crore, registering a growth of 18% YoY.
  • Gross Stage 3 (GS3) at 3.29% and Net Stage 3 (NS3) at 1.00%.
  • Credit Cost at 2.41% in Q2FY26 vs 2.59% in Q2FY25.
  • Return on Assets (RoA) stood at 2.41% in Q2FY26.

Sudipta Roy, Managing Director & CEO, LTF said: “During the quarter, our focus remained firmly on execution and growth, enabling us to deliver a strong performance in a quarter traditionally considered a weak one in the BFSI industry. The performance highlights the improved momentum in all our lines of business, across rural and urban geographies, driven by the transformation initiatives carried over the last few quarters. Our investments in technology, talent, revamp and expansion of branch infrastructure, brand building and continued focus on customer centricity as a part of our 5-pillar execution strategy have started to yield early dividends for us.

Our Gold loans segment added to the loan portfolio in Q1FY26 gained significant momentum during this quarter. In line with our aspiration of becoming a leading Pan-India gold finance player in the country, we remain committed to continuously expand our geo-presence across the country through branch expansion. By the end of FY26, we plan to add around 200 new branches taking our gold distribution strength to around 330 gold loan branches.

In addition, the Company operationalized the beta rollout of ‘Project Nostradamus’, an AI driven automated real-time portfolio management engine in the Two-wheeler business in addition to scaling up the AI driven next-gen digital credit engine ‘Project Cyclops’ in the SME business. Our digital large partnerships continued to scale in Q2FY26 with Google Pay being the latest addition to our list of marquee big tech partners for origination of Personal Loans.

On the back of good monsoons and improving customer consumption sentiment, we are confident that this momentum will accelerate in H2FY26 on the back of festive demand fueled by GST 2.0 reforms.”

Result PDF

Result PDF

Finance company L&T Finance announced Q1FY26 results

  • PAT at Rs 701 crore vs Rs 636 crore, up 10% QoQ, and Rs 686 crore, up 2% YoY.
  • Consol. book size at Rs 1,02,314 crore vs Rs 88,717 crore, up 15% YoY.
  • Net Interest Margin Fees at 10.22% vs 10.15% in Q4FY25 and 11.08% in Q1FY25.
  • Consol. Return on Equity (RoE) stood at 10.86% vs 10.13% in Q4FY25 and 11.58% in Q1FY25.

Sudipta Roy, Managing Director & CEO, LTF said: “In a challenging quarter, our Company remained focused on outcomes and achieved a resilient performance while showcasing our ability to manage market headwinds. This performance is on the back of our commitment to sourcing creditworthy customers backed by technology and robust credit guardrails, while keeping a strong focus on collection efficiency across businesses. Our impetus remains on risk calibrated business growth with a sharp focus on a strong asset quality, laying the foundation for a sustainable and predictable growth going forward.

In the quarter, we achieved the highest-ever consolidated book of over Rs 1 Lakh crore milestone and added a secured high yield product to our loan portfolio i.e., Gold Loan. Our company has been assigned a debut investment grade credit rating of “BBB-/Positive” by S&P Global Ratings and “BBB- /Stable” by Fitch Ratings. This rating will serve as a foundation for further diversifying our liability franchise by accessing financing opportunities across the global capital markets. Our AI-driven nextgen digital credit engine, ‘Project Cyclops’ is starting to yield early dividends in our Two-wheeler finance business, and during the quarter, ‘Project Cyclops’ was scaled up in Farm business and launched in the SME finance business. We remain focused on continuously strengthening our risk and credit frameworks, which will serve us well in times to come.”

Result PDF

Finance company L&T Finance announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • PAT at Rs 636 crore vs. Rs 554 crore, up by 15% YoY.
  • Net Interest Margin Fees & Other Income at 10.15% vs 10.33% in Q3FY25.
  • RoA stood at 2.22% vs 2.19%, up 3 bps YoY.
  • RoE stood at 10.13 vs 9.53%, up 60 bps YoY.
  • Retail disbursements for Q4FY25 at Rs14,899 crore vs. Rs 15,044 crore in the previous year.
  • Secured assets disbursement growth led by Farmer Finance at 15% YoY.
  • Risk-calibrated disbursement strategy in Rural Business Finance, resulting in reduced disbursements for the quarter at Rs 5,114 crore, down 11% YoY.

FY25 Financial Highlights:

  • Retailisation at 97% of overall book.
  • Retail book at Rs 95,180 crore, growth of 19% YoY.
  • Consolidated book at Rs 97,762 crore, growth of 14% YoY.
  • PAT at Rs 2,644 crore vs Rs 2,320 crore, up by 14% YoY.
  • Net Interest Margin Fees & Other Income at 10.59% vs 10.67%, remained resilient in a volatile credit environment.
  • Highest ever annual Return on Assets (RoA) of 2.44% vs 2.32%, up 12 bps YoY.
  • Return on Equity (RoE) stood at 10.87% vs 10.35%, up 52 bps YoY.
  • Retail disbursements for FY25 at Rs 60,040 crore, increase of 11% YoY.
  • Secured assets disbursement growth led by Home Loans & Loan Against Property (LAP) at 27% YoY and Farmer Finance at 16% YoY.
  • Risk-calibrated disbursement strategy in Rural Business Finance, resulting in tempered disbursements for the year at Rs 20,921 crore, down 3% YoY in FY25 as compared with 27% growth YoY in FY24.
  • Wholesale book reduced to Rs 2,582 crore in FY25 from Rs 5,528 crore in FY24, reduction of 53% YoY

Sudipta Roy, Managing Director & CEO, LTF, said: “In a year marked by considerable headwinds, our performance remained resilient while showcasing our ability to thrive even in a challenging environment. This stability is underpinned by our unwavering commitment to strong asset quality reinforced by a strong focus on collection efficiency across businesses. We believe the FY25 marks a significant step in laying the foundation for sustainable and predictable growth going forward.

Operationally, we made significant strides with the successful 100% implementation of 'Project Cyclops' 2.0, our next-gen AI-ML based credit underwriting engine, in Two-wheeler Finance, and its ongoing rollout in Farm Equipment Finance. Furthermore, our large partnerships with PhonePe, CRED, and Amazon Pay, launched in the FY25, are gaining momentum. During the year, while we remained focused on strengthening our risk and credit frameworks, we equally worked on building capabilities, both on the technology and people front, which will serve us well in times to come.

Looking forward, our focus remains on delivering quality services to our customers. We are confident that our commitment to operational excellence, customer centricity, strong governance, and prudent risk management, all powered by a digital-first approach, will sustain our growth momentum as we continue to build a customer-focused, digital-native financial services powerhouse.”

Result PDF

Finance company L&T Finance announced Q3FY25 results

Financial Highlights:

  • PAT at Rs 626 crore vs Rs 640 crore, down by 2% YoY.
  • Net Interest Margin Fees & Other Income at 10.33% vs 10.93%, down 60 bps YoY.
  • Consolidated book size at Rs 95,120 crore vs Rs 81,780 crore, up 16% YoY.
  • Return on Equity (RoE) stood at 10.21% vs 11.35%, down by 114 bps YoY.

Other Highlights:

  • Retailisation at 97%.
  • Retail book stood at Rs 92,224 crore, up from Rs 74,759 crore, reflecting a YoY growth of 23%.
  • Robust consolidated asset quality:
    • Gross Stage 3 (GS3) stood at 3.23% in Q3FY25 vs 3.21% in Q3FY24.
    • Net Stage 3 (NS3) stood at 0.97% in Q3FY25 vs 0.81% in Q3FY24.
  • Credit cost before macro utilization at 2.91% vs 2.59% for Q2FY25; wherein an increase in slippages was witnessed owing to macro challenges in the Rural Business Finance (RBF) segment.
  • Proactive asset-liability management has limited the quarterly Weighted Average Cost of Borrowings (WACB) increase by 3 bps (QoQ) at 7.83% in Q3FY25.
  • Secured assets growth led by Farmer Finance at 23% YoY and Home Loans & Loan Against Property at 24% YoY.
  • Healthy credit calibrated growth in highest ever festive quarter retail disbursements at Rs 15,210 crore vs Rs 14,531 crore, up 5 % YoY.

Sudipta Roy, Managing Director & CEO of LTF said: “Despite certain macro challenges within the microfinance sector, we have managed the situation effectively. We are hopeful that the environment will be much better over the next couple of quarters.

Our investments and efforts towards building a world class credit underwriting and monitoring infrastructure continued unabated. Apropos to the same, our next generation three-dimensional credit underwriting engine ‘Project Cyclops’ was extended to 100% of dealerships in Two-wheeler Finance and was also operationalized for the Farm Equipment Finance business

In our pursuit of innovation within the lending landscape, LTF launched a strategic partnership with Amazon Pay to develop and offer cutting-edge credit solutions through the platform. We also extended PhonePe partnership to Personal Loans, delivering a seamless digital lending experience to our consumers.

Additionally, we have launched Knowledgeable AI (KAI), an AI-powered chatbot that revolutionizes the home loan experience. We were also delighted to host RAISE’ 24, India’s premier AI-themed event in the Banking, Financial Services, and Insurance (BFSI) sector focused on Al's real-world applications. As we look ahead, we remain dedicated to driving innovation and enhancing our offerings to better serve our customers.”

Result PDF

Holding company L&T Finance announced Q2FY25 results

Financial Highlights:

  • PAT at Rs 696 crore vs. Rs 595 crore, up 17% YoY.
  • Maintained Net Interest Margins (NIMs) Fees stable at 10.86%.
  • Consol. book size at Rs 93,015 crore vs. Rs 78,734 crore, up 18% YoY.
  • Return on Assets (RoA) improved to 2.60%, up from 2.42%, representing an increase of 18 basis points (bps) YoY.
  • Return on Equity (RoE) stood at 11.65% vs. 10.81%, up 84 bps YoY.

Other Highlights:

  • Retailisation at 96% of overall book.
  • Return on Assets (RoA) improved to 2.60%, up from 2.42%, representing an increase of 18 basis points (bps) YoY.
  • Retail book stood at Rs 88,975 crore, up from Rs 69,417 crore, reflecting a YoY growth of 28%.
  • Robust consolidated asset quality:
    • Gross Stage 3 (GS3) stood at 3.19% in Q2FY25 vs 3.27% in Q2FY24.
    • Net Stage 3 (NS3) stood at 0.96% in Q2FY25 vs 0.82% in Q2FY24.
  • Credit cost remains stable at 2.59% YoY even in a volatile and challenging macro environment.
  • Proactive asset-liability management resulted in a Weighted Average Cost of Borrowing (WACB) reducing by 5 bps to 7.80% Quarter-on-Quarter (QoQ).
  • The robust business model coupled with strong growth across diversified retail segments led to an increase in quarterly retail disbursements reaching Rs15,092 crore, thereby reflecting a 12% YoY growth.
  • Maintained best-in-class collection efficiency of 99.45% for Q2FY25 in Rural Business Finance on the back of concerted collection efforts along with efficient sourcing and portfolio monitoring guardrails

Sudipta Roy, Managing Director & CEO, LTF said: “Our Company has been able to demonstrate sustainable growth and profits through proactive portfolio management and persistent collection strategies. The second quarter of the current financial year has been challenging on account of multiple sectoral headwinds and a volatile macro environment.

Looking ahead, we expect that the sectoral challenges may persist for the next two quarters and apropos to the same, we may dynamically recalibrate our business objectives in the coming quarters, prioritizing positive credit outcome over assets under management growth.

Our next gen credit underwriting engine, ‘Project Cyclops’, which was operationalized in the quarter ended September 30, 2024 in our two-wheeler finance product is expected to be leveraged for our other major products through the course of second half of the current fiscal. We expect this to be a strategic differentiator in the financial services ecosystem. Digitally-enabled acquisition engines would be scaled up through big-tech partnerships to ensure low-cost acquisition while maintaining superior credit quality.

We remain optimistic about our go-forward strategy and despite ongoing sectoral challenges, we remain focused on our overall transformation agenda and granular execution towards the same continues unabated.”

Result PDF

Holding company L&T Finance announced Q1FY25 results:

Financial Highlights:

  • PAT at Rs 686 crore vs. Rs 531 crore, up 29% YoY
  • Net Interest Income (NII) at Rs 2,020 crore vs. Rs 1,644 crore, up 23% YoY
  • Net Interest Margin Fees & Other Income at 11.08% vs. 9.64%, up 144 bps YoY
  • Consol. Book size at Rs 88,717 crore vs. Rs 78,566 crore, up 13% YoY
  • Return on Equity (RoE) stood at 11.58% vs. 9.72%, up 186 bps YoY

Business Highlights:

  • Retailisation at 95%
  • Retail Book at Rs 84,444 crore vs. Rs 64,274 crore, implying a growth of 31% YoY
  • Sustained improvement in Consol. Asset Quality – Gross Stage 3 (GS3) at 3.14% (reduction of 90 bps YoY) and Net Stage 3 (NS3) at 0.79% (reduction of 40 bps YoY)
  • Credit cost at 2.37% remained stable across both QoQ and YoY
  • Return on Assets (RoA) stood at 2.68% vs. 2.13%, up 55 bps YoY
  • Healthy all-round growth in quarterly retail disbursements at Rs 14,839 crore vs. Rs 11,193 crore, up 33% YoY
  • Weighted Average Cost of Borrowing (WACB) at 7.85% QoQ
  • GS3 stood at 3.14% in Q1FY25 vs 4.04% in Q1FY24 (reduction of 90 bps YoY)
  • NS3 stood at 0.79% in Q1FY25 vs 1.19% in Q1FY24 (reduction of 40 bps YoY)

Commenting on the financial results, Sudipta Roy, Managing Director & CEO, LTF said, “It is with great pleasure that I announce our Q1FY25 results. The results you see for the quarter reflect the success of our 5-pillar strategy. The focus is on enhancing customer acquisition through the creation of a robust funnel and contiguous products, sharpening credit underwriting through the deployment of our proprietary digital credit engine ‘Project Cyclops’, building a futuristic digital architecture to drive innovation, increasing brand visibility through amplified share of voice, and capability building through the recruitment and upskilling of tech talent, which is resulting in robust performance.

In our ongoing efforts to revolutionize the lending space, LTF has been prioritizing customer-centricity and harnessing cutting-edge technology. A significant milestone in this journey was the deployment of ‘Project Cyclops’ during Q1FY25, which enables an in-depth assessment of a customer's ability to service the loan availed by them. The innovative digital solution has been successfully rolled out in beta across 25 locations through a network of 200 selected dealers, offering Two-wheeler Loans.

Furthermore, from establishing a distinctive Sonic Brand Identity to launching our ‘The Complete Home Loan’ campaign, LTF is steadfast in its business growth journey. I am confident that the focus on customer-centricity, innovation, and technology will continue to propel us forward as we strive for excellence in the lending space.”

Result PDF

Holding company L&T Finance announced Q4FY24 & FY24 results:

Q4FY24 Consolidated Financial Highlights:

  • Profit After Tax (PAT) reached Rs 554 crore, up 11% YoY from Rs 501 crore.
  • Net Interest Income (NII) amounted to Rs 1,909 crore, showing a 14% YoY increase from Rs 1,679 crore.
  • Net Interest Margin Fees & Other Income stood at 11.25%, up 204 basis points (bps) YoY from 9.21%.
  • Retail Disbursements totaled Rs 15,044 crore, reflecting a 33% YoY increase from Rs 11,282 crore.
  • Return on Assets (RoA) stood at 2.19%, up 29 bps YoY from 1.90%.
  • Return on Equity (RoE) stood at 9.53%, up 16 bps YoY from 9.37%.

FY24 Consolidated Financial Highlights:

  • Profit After Tax (PAT) amounted to Rs 2,320 crore, up 43% YoY from Rs 1,623 crore.
  • Net Interest Income (NII) reached Rs 7,115 crore, marking a 12% YoY increase from Rs 6,368 crore.
  • Net Interest Margin Fees & Other Income stood at 10.67%, up 200 bps YoY from 8.67%.
  • Retail Disbursements totaled Rs 54,267 crore, reflecting a 29% YoY increase from Rs 42,065 crore.
  • Retail Book amounted to Rs 80,037 crore, up 31% YoY from Rs 61,053 crore.
  • Return on Assets (RoA) stood at 2.32%, up 79 bps YoY from 1.53%.
  • Return on Equity (RoE) stood at 10.35%, up 256 bps YoY from 7.79%.

Commenting on the financial results, Sudipta Roy, Managing Director & CEO, L&T Finance said, “In the second year of our Lakshya 2026 strategic plan, we are happy to report a retailisation of 94% surpassing our goals well ahead of schedule. Our Net Profit for FY24 saw a healthy 43% YoY growth to Rs. 2,320 Crore, driven by a 31% YoY increase in our retail book and a 29% YoY rise in disbursements. This is the highest ever yearly PAT the Company has delivered during its lifetime. Despite the challenging interest rate environment, our borrowing cost remained stable and our portfolio credit metrics continued its improvement journey. Looking ahead, our focus remains on exceeding the 95% retailisation target while maintaining a robust book growth of more than 25%. Our commitment to operational excellence, customer centricity, strong governance and risk management, coupled with a digital first approach, will sustain our growth momentum towards building a value creating, customerfocused technology first financial services powerhouse.”

Result PDF

Holding company L&T Finance Holdings announced Q3FY24 results:

Key Highlights:

  • Profit After Tax (PAT): L&T Finance Holdings records a consolidated PAT of Rs 640 crore for Q3FY24, marking a significant increase of 41% YoY.
  • Net Interest Income (NII): Consolidated NII grew by 8% to Rs 1,833 crore compared to Rs 1,693 crore in the same quarter last year.
  • Achieved Lakshya 2026 goals two years ahead of time with:
    • Retailisation at 91% vs. Lakshya 2026 target of >80%
    • Retail Book growth at 31% YoY vs. targeted growth rate of 25%
    • Retail Asset Quality with Gross Stage 3 (GS3) at 2.95% and Net Stage 3 (NS3) at 0.64% as against a target of GS3: <3% and NS3: <1%, respectively
  • Achieved highest ever quarterly Retail Disbursements at Rs 14,531 crore, up 25% YoY driven by a robust business model, strong growth across all retail segments coupled with topnotch digital and data analytics
  • Completed the merger of L&T Finance, L&T Infra Credit, and L&T Mutual Fund Trustee with L&T Finance Holdings in Q3FY24, thereby creating a ‘Single Lending Entity’

Business Performance:

  • Retail Disbursements: Reached the highest-ever quarterly figure of Rs 14,531 crore, up by 25% YoY.
  • Retail Book Size: Grew by 31% YoY, now standing at approximately Rs 74,759 crore compared to Rs 57,000 crore in Q3FY23.
  • Net Interest Margins (NIMs) Fees: Consolidated NIMs plus fees improved substantially to 10.93% in Q3FY24 from 8.80% in Q3FY23.
  • Credit Cost: Consolidated credit cost slightly decreased to 2.52% in Q3FY24 from 2.67% in the same quarter of the previous year.

Digital and Technological Advancements:

  • Digital Disbursements: 100% of loans in Urban and Rural areas were disbursed digitally during the quarter.
  • PLANET App: Crossed 76 lakh downloads, serving as a channel for collections and loan sourcing.

Asset Quality:

  • Gross Stage 3 (GS3): Reduced to 2.95% compared to 3.05% QoQ and 3.47% YoY.
  • Net Stage 3 (NS3): Showed improvement, registering at 0.64% down from 0.67% QoQ and 0.73% YoY.

Operational Highlights:

  • Return on Assets (ROA): Consolidated ROA reached 2.53% in Q3FY24, an increase of 87 basis points (bps) YoY and 11 bps QoQ.
  • Credit Ratings: 'AAA (Stable)' rating reaffirmed by major rating agencies post-merger.

Commenting on the financial results, Sudipta Roy, who took over as Managing Director and Chief Executive Officer of L&T Finance Holdings on January 24, 2024, said, “It gives me immense pleasure to announce that we have achieved all our ‘Lakshya 2026’ goals two years in advance. With Retailisation at 91%, we have transitioned to a Retail NBFC straddling the Rural and Urban ecosystem. Going forward, our key focus will be on making Lakshya's goals sustainable by ensuring that our performance is consistent and predictable.

To achieve this, we have concentrated our attention on executing strategy basis 5 key pillars, namely enhanced customer acquisition through funnel creation and contiguous/new products, sharpening credit underwriting by moving from a mono-axis underwriting to multi-axis underwriting i.e., Credit Bureau plus Account Aggregator and Orthogonal Signals, creating futuristic digital architecture, heightening brand visibility through an increased share of voice, and capability building by ramping up tech talent.”

 

 

Result PDF

L&T Finance Holdings announced Q2FY24 results:

1. Financial Performance
- L&T Finance Holdings Ltd. records Q2FY24 consolidated Profit After Tax (PAT) of Rs. 595 crore, up 46% YoY.
- NIMs up by 11% YoY at Rs 1,729 crore in Q2FY24.
- Credit Cost down by 10% YoY at Rs. 517 crore in Q2FY24.
- Capital Adequacy Ratio of 25.16% (Tier 1: 22.99%) in Q2FY24.

2. Retail Business Highlights
- Highest ever quarterly Retail disbursements at Rs. 13,499 crore, up 32% YoY.
- Retail portfolio mix now stands at 88% of the total loan book.
- Retail book size up 33% YoY at Rs. 69,417 crore.
- Improved Retail Asset Quality with GS3 at 3.05% and NS3 at 0.67%.

3. Wholesale Portfolio
- Wholesale book reduced by 76% YoY.
- Wholesale book now stands at Rs. 9,318 crore.

4. Moving to a Single Lending Entity
- Proposed merger of subsidiaries - L&T Finance Ltd., L&T Infra Credit Ltd., and L&T Mutual Fund Trustee Ltd. with the equity-listed holding company approved by NCLT.

5. ESG and CSR Initiatives
- ~433 tCO2e emission avoided by switching to green power.
- 7,350 Electric Vehicles financed in Q2FY24.
- Various initiatives for creating digital and financial literacy, cleanliness drives, relief kits distribution, tree plantation, and road safety awareness.

Mr. Dinanath Dubhashi, Managing Director & CEO, L&T Finance Holdings Ltd. said, “After having achieved most of our Lakshya 2026 goals, it gives me immense pleasure to announce that we have continued the trajectory of metamorphosizing into a topnotch Retail finance Company. During the quarter, LTFH not only reached a retail portfolio mix of 88%, but also achieved the highest ever quarterly Retail disbursements of Rs. 13,499 crore, registering a growth of 32% YoY. This achievement is attributed to the twin strategy of strongly growing the retail asset book on one side and ensuring a sharp reduction in the wholesale book on the other, while maintaining best-in-class asset quality.

On the fintech front, our customer facing application PLANET has crossed 60 lakh downloads as of date and is constantly evolving to offer exciting features to our customers, while servicing most of their requirements.

Going forward, we will continue to focus on sustainably delivering Lakshya goals through a concentrated focus on 5 key pillars, namely enhanced customer acquisition, sharpening credit underwriting, implementing futuristic digital architecture, heightened brand visibility and capability building. At LTFH, we strongly believe that the Retail segment holds promising opportunities, and we will continue to grow and ride this growth by scaling up our product portfolio, customer touchpoints, capability enhancements, and use of data analytics in doing business. We will sustain our growth momentum and continue to work towards creating a customer-focused and sustainable Fintech@Scale. The Company will continue to develop digital finance delivery as a customer value proposition thereby touching every part of the customer ecosystem through our digital offerings.”

 

 

Result PDF

Holding Company L&T Finance Holdings announced Q1FY24 results:

  • Retail portfolio mix now stands at 82% of the total loan book; achieved Lakshya 2026 goal of greater than 80% retailisation almost three years in advance
  • Robust Q1FY24 retail disbursements at Rs 11,193 crore, up 25% YoY driven by strong growth across all retail segments coupled with top-notch digital and data analytics
  • Accelerated reduction in the wholesale book by 65% YoY, a reduction of Rs 25,992 crore in line with Lakshya 2026 gaining momentum towards becoming a top-notch, retail finance company
  • Achieves Lakshya 2026 goal of over 80 percent retailisation much ahead of time
  • PLANET app crosses 44 lakh downloads; powering up with digital technology towards becoming a Fintech@Scale
  • Progressing well on the proposed merger of entities leading to a 'single entity structure'
  • PAT stood at Rs 531 crore, up 103% in Q1FY24 from Rs 262 crore in Q1FY23
  • Strong Balance Sheet with a Capital Adequacy Ratio of 25.75% (Tier 1: 23.42%) in Q1FY24 and adequate liquidity buffers in place
  • Declared highest final dividend till date of Rs 2 per equity share (face value of Rs 10 per share) for FY23
  • Rated ‘AAA’ by CRISIL, ICRA, CARE and India Ratings

Commenting on the financial results, Dinanath Dubhashi, Managing Director & CEO, L&T Finance Holdings said, “It gives me immense pleasure to announce that we have achieved Retailisation of 82% in Q1FY24 itself, much ahead of Lakshya 2026 goal of greater than 80% Retailisation. In fact, we have been able to achieve most of our Lakshya 2026 goals almost 3 years in advance. This achievement is attributed to the twin strategy of strongly growing the retail asset book on one side and ensuring a sharp reduction in the wholesale book on the other, while maintaining best-inclass asset quality. On the fintech front, our customer facing application PLANET has crossed 44 lakh downloads as on date and is constantly evolving to offer exciting features to our customers, while servicing most of their requirements. Going forward, we will sustain our growth momentum and continue to work towards creating a customer-focused and sustainable Fintech@Scale. The Company will continue to develop digital finance delivery as a customer value proposition thereby touching every part of the customer ecosystem through our digital offerings.”

 

Result PDF

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