Q4 2024 L&T Finance Ltd Earnings Call Transcript
Key Points
- L&T Finance Ltd (BOM:533519) achieved its highest-ever yearly PAT of INR2,320 crores, a growth of 43% YoY.
- The company maintained a strong trajectory in Q4 disbursements, ending with an overall disbursements growth of 33% YoY.
- Retail book crossed the INR80,000 crores milestone, currently at INR80,037 crores, up 30% YoY.
- The provision coverage ratio improved to 76%, up from 59% during the same period last year.
- The company has successfully reduced its on-book wholesale portfolio from INR38,058 crores to INR5,528 crores by the end of Q4 FY24.
- Consolidated RoA for Q4 FY24 stood at 2.19%, which is below the Lakshya 2026 target range of 2.8% to 3%.
- The ongoing weakness in rural demand is likely to spill over to H1 FY25 due to uneven monsoonal rains and a decline in crop output.
- Access to funding at competitive rates and tight liquidity conditions remain challenges for the NBFC sector in FY25.
- The company has created additional prudential provisions of INR721 crores to address potential sequence risks in the SR portfolio.
- Despite improvements, the consolidated GS3 and NS3 levels stood at 3.15% and 0.79%, respectively, which are above the targeted thresholds.
Ladies and gentlemen, good day, and welcome to L&T Finance Limited Q4 FY24 and FY24 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; 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Before we proceed, as a standard disclaimer, no unpublished price-sensitive information will be shared during the conference call. Only publicly available documents will be referred to for discussion during interaction 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 While all efforts would be made to ensure that no unpublished price-sensitive information will be shared, in case of any inadvertent disclosure, the same would, in any case, form part of the recording of the call.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 Q4 results presentation sent 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
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
