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Capital One Financial Earnings Transcript (NYSE:COF)

L&T Finance Ltd. Records Consol. PAT at Rs. 2,007 Cr for 9 Months Ended Dec. 31, 2024, A Growth of 14 percent Over 9 Months Ended Dec. 31, 2023

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L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in India has recorded a consolidated Profit After Tax (PAT) at Rs. 2,007 Crore for the nine months ended December 31,
L&T Finance Ltd reported a consolidated Profit After Tax (PAT) of Rs 2,007 crore for the nine months ending December 31, 2024, marking a 14% increase from the Rs 1,761 crore recorded in the same period of the previous year. This growth was driven by a 31% rise in retail loans, which now constitute 82% of the company's total loan book, up from 75% the previous year. The company also saw a 17% increase in its retail loan book, reaching Rs 72,826 crore. Additionally, L&T Finance's net interest margin (NIM) improved to 11.48% from 10.76%, and the return on assets (RoA) was 2.71%. The company's asset quality also enhanced, with gross stage 3 assets at 2.97% and net stage 3 assets at 1.08%. However, the wholesale loan book decreased by 36% to Rs 16,080 crore, reflecting the company's strategic shift towards retail lending.

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