L&T Finance Q4 Results: Profit Rises 16%, Retail Loans Drop
The board recommended a final dividend of Rs 2.75 per equity share for the financial year 2024-25.
L&T Finance Ltd. on Friday reported nearly 16% growth in standalone net profit in the fourth quarter of the financial year 2024-25.
The bottom line came in at Rs 630.59 crore compared to Rs 544.88 crore in the same period last year, according to a stock exchange filing. Total income increased 9.5% to Rs 4,024.43 crore versus Rs 3,675.69 crore.
On a consolidated basis, profit surged 15% to Rs 636.17 crore while total income grew 9.6% to Rs 4,027.22 crore.
The board recommended a final dividend of Rs 2.75 per equity share for the financial year 2024-25. The dividend, if approved by shareholders at the forthcoming annual general meeting, will be credited within 30 days from the date of AGM.
Key Business Internals
Credit cost for the March quarter stood at 2.54% compared to 2.49% for the previous quarter. For FY25, credit cost stood at 2.5% compared to 2.67% in FY24.
Net interest margin stood at 10.15% versus 10.33% in the December quarter.
Retail disbursements in the fourth quarter declined to Rs 14,899 crore from Rs 15,044 crore in the year-ago period. Meanwhile, FY25 retail disbursements jumped 11% to Rs 60,040 crore.
L&T Finance offers farmer finance, rural business finance, two-wheeler loans and personal and home loans.
L&T Finance share price closed 3.57% lower at Rs 173.1 apiece, compared to a 0.74% decline in the benchmark BSE Sensex. The stock has risen 3.2% in the last 12 months and 27% on a year-to-date basis.
Fifteen out of the 19 analysts tracking L&T Finance have a 'buy' rating on the stock, one recommends a 'hold' and three suggest a 'sell', according to Bloomberg data. The average of 12-month analyst price target of Rs 171.2 implies a potential downside of 1%.
(Correction: A previous version of the story reported incorrect numbers for profit and revenue. Error is regretted)
