L&T Finance Limited has informed the Exchange about transcript of investor(s) / analyst(s) meet for Q4FY2024-25 and FY2025 financial performance and strategy update.
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Awaiting price reaction for this filing.
L&T Finance posted its highest-ever annual profit of ₹2,644 crore in FY25, up 14% year-on-year, with a record return on assets (RoA) of 2.44%. The retail loan book grew 19% to ₹95,180 crore, though the company deliberately slowed disbursements in microfinance and two-wheelers due to industry stress. For FY26, management guided for 20%+ book growth, net interest margins (NIMs + fees) in the 10% to 10.5% range, and RoA of 2.4% to 2.5%. Asset quality was under pressure with consolidated gross stage 3 at 3.29%, but the company retains ₹575 crore of unutilized macro-prudential provisions as a buffer. Updates were shared on Project Cyclops AI underwriting engine and the planned acquisition of Paul Merchants' gold loan business expected to close by Q2FY26.
Record annual profits and 19% retail book growth are positives, but the flat FY26 RoA guidance of 2.4–2.5% (versus FY25's 2.44%) signals that margin pressure and microfinance headwinds will persist into the coming year. Stock reaction will likely hinge on whether the gold loan acquisition and Cyclops-driven credit cost benefits materialize as guided in H2FY26.