BSEHighNeutral
Announced Fri, 25 Apr · 19:18 IST

Please find enclosed

Auditor Mid Year ChangeRelated Party TransactionsNegative Operating CashflowResults View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

L&T Finance Limited (formerly L&T Finance Holdings) announced its audited consolidated and standalone results for Q4 and FY ended March 31, 2025. Consolidated total income rose to Rs. 15,940.98 crore from Rs. 14,051.05 crore, while profit after tax grew to Rs. 2,643.42 crore from Rs. 2,317.13 crore (up ~14%). Basic EPS for FY25 stood at Rs. 10.61 vs Rs. 9.34 the prior year. The Board recommended a final dividend of Rs. 2.75 per share (up from Rs. 2.50 last year), subject to shareholder approval. The company also appointed Mr. Dhananjaya Tambe as Independent Director for 5 years and M/s. Alwyn Jay and Co. as Secretarial Auditors for FY26–FY30. Joint statutory auditors Brahmayya & Co. and T R Chadha & Co LLP issued an unmodified opinion, noting a change from predecessor auditor KKC & Associates LLP.

Likely market impact

Steady profit growth, higher dividend, and a clean audit opinion are positive for shareholders. However, the sharp swing to negative operating cash flow (~Rs. 16,586 crore used) reflects aggressive loan disbursements, and the change in statutory auditors is worth noting for governance watchers.