LTFNSEL&T Finance LimitedMediumNeutral
Announced Fri, 24 Apr · 19:07 IST

L&T Finance Limited has informed the Exchange regarding Appointment of Mr. Raju Dodti as Executive Director of the company. The said appointment is subject to necessaryapprovals from regulatory authorities and shareholders of the Company and will be effectivefrom the date /as per the receipt of approval from regulatory authorities

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹291.50
prior close
₹291.70
base price
After-mkt
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+2.0+1.9+1.2+0.3-1.8-1.9-3.7-1.6-0.3+4.3-4.6-3.4+3.4+7.3
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AI summary

L&T Finance Limited held its Board Meeting on April 24, 2026, approving several key items. The company reported strong FY2026 financial results with consolidated net profit of Rs 2,982.87 crore (up 12.8% YoY from Rs 2,643.42 crore) and standalone net profit of Rs 3,100.31 crore (up 18.4% YoY). Total consolidated income stood at Rs 17,917.03 crore. The Board recommended a final dividend of Rs 2.75 per equity share (same as previous year). The company approved entry into pre-paid instruments business (wallets and cards) as a Third-Party Application Provider, subject to RBI and other regulatory approvals. Additionally, the Board approved fund raising via NCDs up to Rs 1,23,500 crores and issuance of preference shares up to Rs 6,012 crores. Two Whole-time Director appointments were approved: Mr. Sachinn Joshi (2-year term) and Mr. Raju Dodti (3-year term), both subject to regulatory and shareholder approvals.

Likely market impact

The company delivered robust profit growth in FY2026, indicating strong operational performance. Expansion into pre-paid instruments represents a new growth avenue. The consistent dividend payout and large fund-raising approval signal confidence in business prospects, which could be positive for shareholder sentiment.