L&T Finance Limited reported its financial results for the quarter ended September 30, 2024, with total revenue from operations growing 25% year-on-year to ₹4,019.34 crore from ₹3,213.84 crore in Q2 FY24. The growth was driven by higher interest income, fee and commission income across its key business segments
The company’s net profit grew 16.8% to ₹695.58 crore compared to ₹595.11 crore in the same period last year, while its profit before tax stood at ₹939.57 crore, up 17.8% from ₹797.39 crore in Q2 FY24.
Total comprehensive income also witnessed a significant growth, rising 19.1% year-on-year to ₹700.79 crore.
Earnings per share (EPS) witnessed a steady growth, with basic EPS rising to ₹2.79 from ₹2.40 a year ago, representing a growth of 16.3%. Diluted EPS also followed a similar trend and stood at ₹2.78.
quarter-by-quarter
On a quarter-on-quarter basis, L&T Finance reported a 6.2% growth in total revenue to ₹3,784.40 crore in Q1 FY25. Net profit after tax saw a marginal sequential growth of 1.5%, rising to ₹695.58 crore from ₹685.51 crore in the previous quarter. Comprehensive income grew 1.3% over the previous quarter, indicating a consistent, though marginal, performance improvement.
H1 FY25 performance
Total revenue from operations reached ₹7,803.74 crore in the first half of FY 2025, up from ₹6,432.48 crore during the same period of FY 2024. Net profit after tax for the half year stood at ₹1,381.09 crore, a significant improvement from ₹1,126.04 crore in the same period last year.
L&T Finance’s management remains optimistic about maintaining its growth momentum for the remainder of the financial year, and is focused on cost control, operational efficiency and strengthening business fundamentals to maximize shareholder value.
L&T Finance Q2 net profit increase 16.8% to Rs 695 crore, total revenue up 25%
