L&T Finance Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Reporting (BRSR)'.
LTF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
L&T Finance Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 to NSE and BSE, filed as part of its Integrated Annual Report under SEBI LODR regulations. The company, an NBFC with 2,297 branches serving ~2.6 crore customers, reported consolidated revenue of ₹25,564 crore and net worth of ₹15,941 crore, with 97% of revenue from retail lending. On the ESG front, the company is on track to achieve Carbon Neutrality by 2035, avoided ~3,692 tCO2e emissions through green power, and its EV financing initiative prevented an additional ~12,676 tCO2e emissions. It reported ₹20,480 crore in sustainability-focused and priority lending, with 50% of its loan book from low-income states. The report was assured by BDO India LLP with reasonable assurance on BRSR Core. Disclosed penalties include a major ₹112 crore GST penalty from Palghar CGST Commissionerate (under appeal) related to insurance marketing services, along with several smaller GST penalties across states. The board has 29% female representation and over 50% independent directors.
This is a routine annual compliance filing with no immediate material impact on shareholders. The ₹112 crore Palghar GST penalty is under appeal and is the most notable regulatory concern disclosed, though it does not affect operations. Strong ESG metrics and improving employee turnover (22.1% vs 25.6% prior year) reflect positively on operational quality but are unlikely to move the stock.