Q3 2025 L&T Finance Ltd Earnings Call Transcript
Key Points
- L&T Finance Ltd (BOM:533519) achieved the highest festive quarter disbursements of INR15,210 crores, marking a 5% year-on-year growth.
- The retail book grew substantially by 23% year-on-year, reaching INR92,224 crores.
- The company has surpassed its retailization target, achieving 97% retailization against a goal of greater than 95%.
- L&T Finance Ltd has successfully implemented several technology initiatives, including Project Cyclops and strategic partnerships with Amazon Pay and PhonePe.
- The company recorded a consolidated PAT of INR626 crores in Q3 FY25, demonstrating resilience despite a challenging operating environment.
- The company's consolidated ROA for Q3 FY25 stood at 2.27%, down 26 basis points year-on-year.
- There was a conscious calibration in RBF disbursement due to a challenging credit scenario, impacting the overall growth trajectory.
- The operating environment in the microfinance sector remains challenging, with increased credit costs and macroeconomic headwinds.
- The company's NIM plus fees decreased to 10.33% from 10.86% in Q2 FY25, reflecting a shift in disbursement and book mix.
- L&T Finance Ltd anticipates peak credit costs in Q4 FY25, driven by macro challenges and roll forwards in the microfinance segment.
Ladies and gentlemen, good day, and welcome to L&T Finance Limited Q3 FY25 earnings conference call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. (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Before we proceed, as a standard disclaimer, no unpublished price-sensitive information will be shared during the call.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 discussion during interaction in the call. While all efforts will be made to ensure that no unpublished price-sensitive information will be shared, in case of any inadvertent disclosure, the same would, in any case, form part of the recording of the call.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 Q3 results presentation
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