Q1 2025 L&T Finance Ltd Earnings Call Transcript
Key Points
- L&T Finance Ltd (BOM:533519) achieved its highest-ever quarterly consolidated PAT of INR686 crores, marking a 29% year-on-year growth.
- The company reported a 33% year-on-year growth in retail disbursements, reaching INR14,839 crores.
- Retail book grew by 31% year-on-year, standing at INR84,444 crores.
- Consolidated return on assets (ROA) improved to 2.68%, up 55 basis points year-on-year.
- The company has successfully implemented its five-pillar execution strategy, contributing to its robust performance and growth.
- Concerns remain around ongoing weakness in rural demand, which could impact future performance.
- Access to funding at competitive rates and tight liquidity conditions pose challenges for the NBFC sector.
- Elevated competitive pressure, especially from banks, could affect market share and profitability.
- The company's cost-to-income ratio remains a focus area, with efforts needed to maintain or reduce it further.
- The resolution of SR assets is expected to be a long-drawn process, potentially taking 10 to 14 quarters for full realization.
Ladies and gentlemen, good day, and welcome to the L&T Finance Limited Q1 FY25 earnings conference. (Operator Instructions) Please note that this conference is being recorded. We have with us today Mr. Sudipta Roy, Managing Director and CEO; Mr. Sachinn Joshi, CFO; and Mr. Raju Dodti, COO and other members of the senior management team.
Before we proceed, as a standard disclaimer, no unpublished price-sensitive information will be shared during the call. Only publicly available documents will be referred to for discussions during the interactions in the call. While all efforts would be made to ensure that no unpublished price sensitive information will be shared.
In case of any inadvertent disclosure, the same would in any case form part of the recording of the call. Further, some of the statements made on today's call may be forward-looking in nature. A note to this effect is provided in the Q1 results presentation sent out to all of you earlier.
I would now like to invite Mr. Sudipta Roy to share his thoughts on the company's performance and the strategy of the company
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