L&T Finance Reports 14% Growth In PAT To Rs 2,007 Cr

Hyderabad: L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in India has recorded a consolidated PAT at Rs2,007 crore for the nine months ended December 31, 2024, a growth of 14 per cent over nine months ended December 31, 2023. The consolidated PAT for the third quarter ended December 31, 2024 stood at Rs626 crore.

The Company has recorded quarterly retail disbursement of Rs15,210 crore for the third quarter ended December 31, 2024, up 5 per cent YoY. The retail book size reached Rs92,224 crore during the quarter, implying a growth of 23 per cent YoY. Furthermore, the Company’s customer-facing PLANET app, which has emerged as a powerful digital channel for customers, has crossed more than 1.5 crore downloads as on December 31, 2024, comprising more than 13.8 lakh downloads from the rural areas. As of date, this channel has done collections of over Rs3,100 crore and has done sourcing of over Rs10,500 crore.