L&T Finance Ltd

L&T Finance has allotted 1,00,000 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures having face value of Rs. 1,00,000 each, aggregating to Rs. 1000 crore through private placement basis, to the identified investors on 15 April 2025. Powered by Capital Market - Live

L&T Finance will hold a meeting of the Board of Directors of the Company on 25 April 2025.Powered by Capital Market - Live

Rural business finance disbursements were Rs 5,110 crore (down 11.41% YoY), farmer finance disbursements stood at Rs 1,750 crore (up 14.38% YoY), urban finance disbursements were Rs 6,100 crore (up 1.94% YoY), and SME finance disbursements were Rs 1,520 crore in Q4 FY25 (up 25.31% YoY). The value of the acquired portfolio for Q4 FY25 was Rs 390 crore. The retail loan book at the end of Q4 FY25 was estimated at approximately Rs 95,100 crore, up 18.82% on a YoY basis. Retailisation of the portfolio was approximately 97% as of the end of Q4 FY25, up from 94% in Q4 FY24. L&T Finance offers financing for two-wheelers, consumer goods, homes, farm equipment, women entrepreneurs, rural groups, real estate, and infrastructure. It provides financing for small and medium enterprises through term loans and overdraft facilities. The company reported a 2.15% decline in consolidated net profit to Rs 626.40 crore in Q3 FY25 as compared with Rs 640.18 crore in Q3 FY24. However, total income jumped 14.6% YoY to Rs 4,105.13 crore in Q3 FY25.Powered by Capital Market - Live

L&T Finance has allotted 16,000 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures having face value of Rs. 1,00,000 each, aggregating to Rs. 160 crore through private placement basis, to the identified investors on 13 March 2025. Powered by Capital Market - Live

L&T Finance has allotted 36,000 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures having face value of Rs. 1,00,000 each, aggregating to Rs. 360 crore through private placement basis, to the identified investors on 13 February 2025.Powered by Capital Market - Live

L&T Finance announced the appointment of Jinesh Shah as Chief Executive ' Urban Secured Assets & 3rd Party Product with effect from 05 February 2025. In his last assignment, Jinesh was serving as Managing Director & Head - Mortgages & Retail LAP (Loan-Against Property) at Standard Chartered Bank, India, and has achieved significant milestones, including doubling portfolio size, improving credit quality and pioneering digital onboarding journeys. Powered by Capital Market - Live

L&T Finance announced the resignation of Sanjay Garyali as Chief Executive - Urban Finance of the company with effect from 12 March 2025. Powered by Capital Market - Live

However, total income jumped 14.6% YoY to Rs 4,105.13 crore in Q3 FY25. Profit before tax (PBT) marginally declined 0.01% to Rs 823.90 crore in Q3 FY25 as compared with Rs 824.04 crore in Q3 FY24. Net interest income improved 13% year on year (YoY) to Rs 3,610 crore in the quarter ended 31 December 2024. Net interest margin plus fees & other income in Q3 FY25 was 10.33% as against 10.93% in Q3 FY24. The company's retail book witnessed a strong growth of 23.36% YoY to Rs 92,224 crore, while disbursements grew by 5% YoY to Rs 15,210 crore. Rural business finance quarterly disbursements stood at Rs 4,599 crore in Q3 FY25, down 16% as compared with Rs 5,476 crore in Q3 FY24, while book size increased 14% YoY to Rs 26,231 crore in Q3 FY25. Farmer Finance disbursement jumped 23% YoY to Rs 2,495 crore in Q3 FY25. The book size stood at Rs 15,075 crore, up 9% YoY. 'Growth was aided by a better than average monsoon and festive season demand, stated the company. Two-wheeler finance disbursement declined 5% YoY to Rs 2,414 crore in Q3 FY25 as compared with RS 2,540 crore in Q3 FY24. Book size stood at Rs 12,676 crore in Q3 FY25, up 21% YoY. Personal loan disbursements surged 94% YoY to Rs 1,642 crore during the quarter. Book size rallied 22% YoY to Rs 7,820 crore in Q3 FY25. In Q3 FY25, housing loans & loans against property (LAP) disbursement surged 24% to Rs 2,475 crore as compared with Rs 1,998 crore in Q3 FY24. The book size increased 41% YoY to Rs 23,461 crore during the quarter. The company said that growth is on the back of a focus on distribution channels and partnerships. The company maintained a pristine, secured portfolio performance. SME Finance disbursement jumped 29% to Rs 1,249 crore during the quarter as compared with Rs 965 crore in Q3 FY24. The book size surged 89% to Rs 5,817 crore in Q3 FY25 as compared with Rs 3,078 crore in the same quarter last year. Sudipta Roy, MD & CEO, 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 the 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.' Meanwhile, the company's board informs that Amresh Kumar will cease to be the chief risk officer of the company with effect from 21 January 2025. Further, Zeenat Hamirani has been appointed as the chief risk officer of the company for a period of three years, effective from 21 January 2025. L&T Finance offers financing for two-wheelers, consumer goods, homes, farm equipment, women entrepreneurs, rural groups, real estate, and infrastructure. It provides financing for small and medium enterprises through term loans and overdraft facilities. Shares of L&T Finance rose 0.76% to currently trade at Rs 145.70 on the BSE. Powered by Capital Market - Live

The headline equity indices traded with modest gains in early trade as concerns over Trump's 'aggressive' trade policies remained prevalent. Following his inauguration, the U.S. dollar began to decline globally, while both the Chinese yuan and the euro saw strengthened positions. The Nifty traded above the 23,400 level. Media, auto and healthcare shares advanced while realty, consumer durables and PSU bank shares edged lower. At 09:30 IST, the barometer index, the S&P BSE Sensex, rose 104.01 points or 0.13% to 77,171.01. The Nifty 50 index added 70.40 points or 0.30% to 23,415.15. In the broader market, the S&P BSE Mid-Cap index rose 0.19% and the S&P BSE Small-Cap index gained 0.46%. The market breadth was strong. On the BSE, 2,143 shares rose and 801 shares fell. A total of 114 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 4,336.54 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,321.96 crore in the Indian equity market on 20 January 2025, provisional data showed. Stocks in Spotlight: L&T Finance declined 1.69% after the company's consolidated net profit fell 2.2% to Rs 626.40 crore in Q3 FY25 as compared with Rs 640.18 crore in Q3 FY24. Total income increased 14.6% YoY to Rs 4,105.13 crore in Q3 FY25. Dixon Technologies tumbled 8.26%. The company's consolidated net profit jumped 77.5% to Rs 171.19 crore in Q3 FY25 as compared with Rs 96.44 crore in Q3 FY24. Net sales surged 177% to Rs 10,453.68 crore in Q3 FY25. Sunteck Realty surged 9.57% after the company reported consolidated net profit of Rs 42.52 crore in Q3 FY25 as compared with net loss of Rs 9.73 crore in Q3 FY24. Net sales soared 281.1% to Rs 161.76 crore in Q3 FY25 as compared with Rs 42.45 crore posted in corresponding quarter last year. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.37% to 6.848 as compared with previous close 6.874. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 86.3950, compared with its close of 86.4500 during the previous trading session. MCX Gold futures for 5 February 2025 settlement gained 0.39% to Rs 78,849. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.21% to 108.31. The United States 10-year bond yield fell 1.56% to 4.539. In the commodities market, Brent crude for March 2025 settlement lost 61 cents or 0.76% to $80.18 a barrel. Global Markets: U.S. stock futures point to a positive open on Tuesday, with the Dow Jones Industrial Average futures rising 149 points. Most Asian shares advanced as President Donald Trump held off on imposing sweeping trade tariffs on his first day in office. Trump resumed his duties in the White House on Monday, a day after his inauguration and during the Martin Luther King, Jr. Day holiday, when U.S. stock market was closed. Sworn in as the 45th President of the United States on January 20, Trump emphasized his vision of America First in his inaugural address, focusing on economic revitalization, national security, and prioritizing domestic interests over globalization. Trump began his term with a series of executive orders aimed at fulfilling his campaign promises. These included measures to tighten immigration controls, lay the groundwork for a U.S.-Mexico border wall, boost fossil fuel production, and scale back environmental regulations. While he declared plans to address global trade practices, Trump opted not to impose new tariffs on the U.S.'s largest trading partners, signaling a more deliberate approach to trade relations. Instead, he directed his administration to combat unfair trade globally. Investors closely monitored these early actions, given Trump's promises to rapidly implement his agenda. Powered by Capital Market - Live

Net profit of L&T Finance declined 2.15% to Rs 626.40 crore in the quarter ended December 2024 as against Rs 640.18 crore during the previous quarter ended December 2023. Sales rose 15.95% to Rs 4097.58 crore in the quarter ended December 2024 as against Rs 3533.96 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales4097.583533.96 16 OPM %59.1061.10 - PBDT860.09853.23 1 PBT823.90824.04 0 NP626.40640.18 -2 Powered by Capital Market - Live