'L&T Finance has recorded 2% decline in net profit to
Rs 626.40 crore in the quarter ended December 2024 (Q3FY2025). The consolidated
income from operations increased 15% to Rs 3806.38 crore for the quarter ended
December 2024, while other income of the company jumped 9% to Rs 298.75 crore.
The total income increased 15% to Rs 4105.13 crore for Q3FY2025.
Interest expenses increased 16% to Rs 1569.24 crore.
Operating expenses increased 19% to Rs 1021.59 crore, allowing the operating
profits to improve 11% at Rs 1514.30 crore. The cost-to-income ratio was steady
at 40.3% in Q3FY2025 from 38.6% in Q3FY2024.
Depreciation declined 24% to Rs 36.19 crore, while
provisions fell 27% to Rs 654.21 crore. Profit before tax surged 0% yoy basis
at Rs 823.90 crore.
Effective
tax rate increased to 24.1% in Q3FY2025 from 22.4% in Q3FY2024. Net Profit of
the company, after share in profit of associates and non-controlling interest,
improved -2% to ...
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