L&T Finance Limited has released its consolidated financial results for the quarter ended September 30, 2024, reporting strong performance across key financial metrics.
Key Financial Highlights (Q2 FY25):
- Total revenue from operations: ₹4,019.34 crore, compared to ₹3,213.84 crore in Q2 FY24, reflecting an increase of 25.0% YoY.
- Net profit before tax: ₹939.57 crore, an increase from ₹797.39 crore in the corresponding period last year.
- Net profit after tax: ₹695.58 crore, a notable rise of 16.8% YoY, up from ₹595.11 crore in Q2 FY24.
- Total comprehensive income: ₹700.79 crore, compared to ₹588.29 crore in the same quarter of FY24.
- Earnings per share (EPS): Basic EPS stood at ₹2.79, while diluted EPS was reported at ₹2.78.
YoY Comparison (Q2 FY25 vs Q2 FY24):
| Particulars | Q2 FY25 | Q2 FY24 | YoY % Change |
|---|---|---|---|
| Total revenue from operations (₹ crore) | 4,019.34 | 3,213.84 | 25.0% |
| Net profit before tax (₹ crore) | 939.57 | 797.39 | 17.8% |
| Net profit after tax (₹ crore) | 695.58 | 595.11 | 16.8% |
| Total comprehensive income (₹ crore) | 700.79 | 588.29 | 19.1% |
| Basic EPS (₹) | 2.79 | 2.40 | 16.3% |
QoQ Comparison (Q2 FY25 vs Q1 FY25):
| Particulars | Q2 FY25 | Q1 FY25 | QoQ % Change |
|---|---|---|---|
| Total revenue from operations (₹ crore) | 4,019.34 | 3,784.40 | 6.2% |
| Net profit before tax (₹ crore) | 939.57 | 922.27 | 1.9% |
| Net profit after tax (₹ crore) | 695.58 | 685.51 | 1.5% |
| Total comprehensive income (₹ crore) | 700.79 | 691.92 | 1.3% |
| Basic EPS (₹) | 2.79 | 2.75 | 1.5% |
Half-Yearly Performance:
For the six months ended September 30, 2024, L&T Finance also posted significant growth:
- Total revenue from operations: ₹7,803.74 crore, up from ₹6,432.48 crore during the same period in FY24.
- Net profit after tax: ₹1,381.09 crore, compared to ₹1,126.04 crore for the same period last year.
L&T Finance’s robust performance in Q2 FY25 reflects its continued efforts to strengthen its business fundamentals and deliver shareholder value. The company has seen growth in its core operations, driven by increased interest income, fees, and commission income.
The management remains optimistic about maintaining this growth trajectory for the remainder of the fiscal year, focusing on cost control and operational efficiency to maximize profitability.
TOPICS:
L&T Finance