''L&T Finance has recorded 29% jump in net profit to Rs 685.51 crore in the quarter ended June 2024 (Q1FY2025). The consolidated income from operations increased 11% to Rs 3452.62 crore for the quarter ended June 2024, while other income of the company jumped 28% to Rs 331.99 crore. The total income increased 12% to Rs 3784.61 crore for Q1FY2025.
Interest expenses fell 1% to Rs 1351.41 crore. Operating expenses increased 25% to Rs 937.17 crore, allowing the operating profits to improve 18% at Rs 1496.03 crore. The cost-to-income ratio rose 38.5% in Q1FY2025 from 37.2% in Q1FY2024.
Depreciation declined 4% to Rs 28.44 crore, while provisions rose 5% to Rs 545.32 crore. Profit before tax surged 29% yoy basis at Rs 922.27 crore.
Effective tax rate was steady at 25.7% in Q1FY2025 from 25.7% in Q1FY2024. Net Profit of the company, after share in profit of associates and non-controlling interest, improved 29% to Rs 685.51 crore for Q1FY2025.
The company has exhibited stron...
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(18-Nov-2024)
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