L&T Finance Acquires Paul Merchants Finance's Gold Loan Business
L&T Finance has completed the acquisition of Paul Merchants Finance's gold loan division, including a ₹1,350.00 crore loan book, 130 branches, and 700 employees. This strategic move marks L&T Finance's entry into the gold loan segment, allowing the company to diversify its portfolio and capitalize on the growing demand for gold loans in India. The acquisition provides L&T Finance with an established infrastructure and experienced workforce to immediately commence operations in this new business area.
28Apr 25
L&T Finance Reports Strong Q4 Results, but Shares Fall Amid Tamil Nadu Bill Concerns
L&T Finance announced impressive Q4 FY23 results with a 15.50% YoY increase in net profit to ₹635.80 crore and a 9.56% rise in revenue to ₹4,027.20 crore. The company declared a dividend of ₹2.75 per share. Despite strong financials, including improved EBITDA and operating profit, L&T Finance shares fell up to 8.55% due to concerns over a new Tamil Nadu bill aimed at preventing coercive recovery actions by lenders, potentially impacting microfinance collections in the state.
25Apr 25
L&T Finance Reports Strong Q4 and FY2025 Performance with 18% Rise in Standalone Profit
L&T Finance Limited announced strong financial results for Q4 and FY2025. The company's consolidated net profit for Q4 rose by 15% to ₹636.17 crore, while full-year profit increased by 14% to ₹2,643.42 crore. Total income for FY2025 grew by 13.5% to ₹15,940.98 crore. The company's loan portfolio expanded to ₹93,773.06 crore, and earnings per share improved to ₹10.61. Despite a slight increase in GNPA to 3.29%, the NNPA ratio remained stable at 0.97%. The Board has recommended a final dividend of ₹2.75 per equity share for FY2025.
24Apr 25
L&T Finance to Announce Q4 and FY25 Results, Consider Dividend on April 25
L&T Finance Ltd. will release its Q4 and full fiscal year 2025 results on April 25, 2025. The board will consider dividend declaration during the meeting. An earnings call is scheduled for April 28, 2025, at 11:00 a.m. to discuss the results and provide insights into the company's performance.
24Apr 25
L&T Finance Sees Significant Block Trade of 1.67 Million Shares
L&T Finance Ltd. experienced a significant block trade on the NSE, involving approximately 1.67 million shares valued at ₹30.14 crore. The shares were traded at ₹180.10 each. While the parties involved and reasons for the trade remain undisclosed, such large transactions often indicate potential shifts in institutional holdings or strategic moves by major investors.
03Apr 25
L&T Finance Reports Robust 19% YoY Growth in Retail Loan Book for Q4 FY25
L&T Finance's retail loan book grew 19% year-on-year to ₹95,100 crore in Q4 FY25. The retailisation ratio improved to 97% from 94% last year. FY25 retail disbursements reached ₹60,020 crore, up 11% YoY. Q4 FY25 retail disbursements were ₹14,870 crore. Urban Finance saw 22.30% growth, while SME Finance grew 36.50%. Collection efficiency was strong at 99.38% pan-India for rural group loans and microfinance portfolio.