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Earnings Call

L&T Finance Earnings Call: Key Takeaways

L&T Finance achieved its highest-ever quarterly core PAT of ₹760 crore, driven by robust retail disbursements and improving asset quality, despite a one-time labor code impact.

Highlights
Revenue growthTotal income grew 18% YoY driven by 21% retail book growth.
MarginsNIM plus fees improved to 10.41% due to treasury efficiencies.
Demand visibilityStrong rural and urban demand visibility, especially for retail products.
Management confidenceBalanced; highly confident in technology-led credit underwriting (Project Cyclops).

Growth

Retail disbursements surged 49% YoY to ₹22,701 crore; retail book now comprises 98% of total assets.

Outlook

Targeting 2.8-3.0% ROA by Q4FY27 and a 60:40 secured-to-unsecured loan mix.

Risks

Unsecured loan concentration at 44% and potential credit cost volatility in the microfinance segment remain primary concerns.

Source

Earnings Call filed with BSE, NSE: LTF. Summary written with AI assistance from the document.

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L&T Finance Ltd: key numbers

Share price
₹280.85
Market cap
₹70,391 Cr
Revenue (annual)
₹17,914 Cr
Net profit (annual)
₹2,981 Cr
P/E (TTM)
22.1×Sector 21.7×
Promoter holding
65.96%-0.03% QoQ
FII holding
7.71%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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10:03 IST BSE
Credit Rating

L&T Finance Credit Rating

L&T Finance Ltd received a reaffirmation of its credit ratings from CARE Ratings Limited. The company's various debt instruments continue to hold high ratings with stable outlooks.

14:24 IST BSE
Debt & Borrowing

L&T Finance Debt & Borrowing: ₹29.71 Cr

L&T Finance paid Rs. 29.71 Crore half-yearly interest on Series A FY 2019-20 bonds on 24 September 2026. The coupon was disbursed on schedule with no delay.

Value
₹29.71 Cr
16:24 IST BSE
Other Announcement

L&T Finance Other Announcement

L&T Finance has received an ESG rating of 79.15 (Leader category) from Niche Ninety Nine Capability and Certifications (OPC) Private Limited.

16:11 IST BSE
Debt & Borrowing

L&T Finance Debt & Borrowing: ₹650 Cr

L&T Finance allotted 65,000 senior, secured, non-convertible debentures worth ₹650 Crore on a private placement basis. These instruments carry a coupon of 7.8384% per annum.

Value
₹650.0 Cr
16:54 IST BSE
Debt & Borrowing

L&T Finance Debt & Borrowing: ₹0.91 Cr

L&T Finance confirmed timely interest payments for four non-convertible debt securities. The company remains compliant with SEBI regulations regarding debt payment obligations.

Value
₹0.91 Cr
18:20 IST BSE
Debt & Borrowing

L&T Finance Debt & Borrowing: ₹11.49 Cr

L&T Finance Limited has paid ₹11.49 Crore in interest to its debenture holders for Series J, confirming timely completion of the debt obligation.

Value
₹11.49 Cr