Non-bank lender, L&T Finance Ltd on Friday (January 3) reported significant growth in its retail-focused business for Q3 FY25, with retailisation increasing to 97%, up from 91% in the corresponding quarter of the previous year.
| Company | Value | Change | %Change |
|---|
Retail disbursements for the quarter rose by 4.4% year-on-year (YoY) to ₹15,170 crore, compared to ₹14,531 crore in Q3 FY24. The retail loan book demonstrated robust growth, surging 23.3% YoY to ₹92,200 crore as of December 31, 2024, up from ₹74,759 crore a year earlier.
L&T Finance’s total revenue from operations in the quarter ended September, 2024, rose by 25% to ₹4,019.34 crore, up from ₹3,213.84 crore in Q2 FY24. This growth was driven by higher interest income, fees, and commission income across its key business segments.
Also Read: L&T Finance partners with Amazon to enhance consumer lending in India
The company’s net profit grew 16.8% to ₹695.58 crore, compared to ₹595.11 crore in the corresponding period last year, while its profit before tax stood at ₹939.57 crore, reflecting a 17.8% increase over ₹797.39 crore in the second quarter of FY24. Total comprehensive income also saw a notable jump, rising 19.1% YoY to ₹700.79 crore.
Earnings per share (EPS) showed steady growth, with basic EPS climbing to ₹2.79 from ₹2.40 a year earlier, representing a 16.3% increase. Diluted EPS followed a similar trend, standing at ₹2.78.
On a quarter-on-quarter (QoQ) basis, L&T Finance recorded a 6.2% increase in total revenue, with the Q1 FY25 figure at ₹3,784.40 crore. Net profit after tax saw a smaller sequential rise of 1.5%, reaching ₹695.58 crore from ₹685.51 crore in the previous quarter. Comprehensive income grew by 1.3% over the last quarter, signalling consistent, if modest, performance improvement.
Also Read: L&T Finance sees 12% surge in retail disbursements in Q2 FY25, aims for 96% retailisation
Shares of L&T Finance Ltd ended at ₹143.45, up by ₹0.50, or 0.35%, on the BSE.
(Edited by : Shoma Bhattacharjee)
