Q1 2027 L&T Finance Ltd Earnings Call Transcript
Key Points
- L&T Finance Ltd (BOM:533519) reported its highest ever quarterly consolidated profit after tax of INR902 crores, marking a 29% year-on-year growth.
- The company's consolidated book reached INR1,29,634 crores, reflecting a healthy year-on-year growth of 27%.
- Retail disbursements increased by 36% year-on-year to INR23,852 crores, showcasing strong contributions from all business lines.
- The company has successfully implemented AI-powered tools like Project Cyclops and Nostradamus, enhancing credit administration and portfolio management.
- L&T Finance Ltd (BOM:533519) is on track with its Lakshya 2031 goals, aiming for a 20% plus CAGR over the five-year period, with a focus on sustainable growth and improving profitability metrics.
- The company faced a decline in NIMs by 24 basis points due to increased borrowing and higher surplus liquidity.
- There was a cautious approach in SME and gold loan disbursements due to geopolitical uncertainties and new RBI guidelines.
- Concerns about the impact of El Nino on the monsoon and potential effects on the rural portfolio were highlighted.
- The cost of funds is expected to increase by 5 to 7 basis points over the year, influenced by volatile geopolitical conditions.
- The wholesale book, though small, showed an increase in NPAs, raising questions about its future health and impact on credit costs.
Ladies and gentlemen, good day, and welcome to L&T Finance Limited Q1 FY27 earnings conference call. (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; 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 Before we proceed, as a standard disclaimer, no unpublished price-sensitive information will be shared during the call.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 the 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 While all efforts will be made to ensure that no unpublished price-sensitive information will be shared, in case of any inadvertent disclosure, the same would, in any case, form part of the recording of the call.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 Q1 results presentation uploaded.
I would now like to invite Mr. Sudipta Roy to share his thoughts on the company's performance and the strategy of the company going forward. Thank you,
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