Shares of L&T Finance fell over 6% after the company reported its slowest net interest income (NII) growth in 11 quarters. In Q4 FY25, NII rose by 3.8% year-on-year to ₹2,423.2 crore, compared to ₹2,335.3 crore in Q4 FY24.
Despite the muted NII growth, L&T Finance posted a strong 14.9% rise in net profit to ₹636.2 crore, up from ₹553.9 crore a year ago. The company attributed the performance to healthy momentum across its retail and financial services segments.
However, asset quality showed slight pressure. The gross NPA ratio inched up to 3.29%, from 3.23% in the previous quarter and 3.15% YoY. The net NPA remained stable at 0.97%, though higher than 0.79% reported in the same period last year.
In positive news for investors, the board proposed a final dividend of ₹2.75 per equity share for FY25, subject to shareholder approval.
L&T Finance shares opened at ₹162.70 today, matching their intraday high before dipping to a low of ₹158.20. The stock remains well below its 52-week high of ₹194.25 but comfortably above its 52-week low of ₹129.20.
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