L&T Finance shares drop 2% after Q3FY25 results

L&T Finance shares dropped over 2% following the release of its Q3FY25 and nine-month financial results. The company reported robust growth in retail operations despite slight declines in profitability. As of 9:15 AM, L&T Finance shares were trading 2.05% lower at Rs 141.51.

Key Highlights:

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  • Consolidated PAT: ₹626 crore, a 2% YoY decline.
  • Retail Book: ₹92,224 crore, up 23% YoY, with retailisation at 97%.
  • Retail Disbursements: ₹15,210 crore, marking a 5% YoY rise, driven by festive season activity.
  • Asset Quality:
    • Gross Stage 3 (GS3): 3.23% (up from 3.21% YoY).
    • Net Stage 3 (NS3): 0.97% (up from 0.81% YoY).
  • Net Interest Margin + Fees: 10.33%, slightly lower than 10.93% YoY.
  • Consolidated Book Size: ₹95,120 crore, a 16% YoY growth.
  • Return on Equity (RoE): 10.21%, improving by 114 bps YoY.

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