Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of L&T Finance Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 3,243 | 3,223 | 3,214 | 3,534 | 3,670 | 3,784 | 4,019 | 4,098 | 4,023 | 4,260 | 4,336 | 4,578 | 4,771 |
| Interest | 1,445 | 1,364 | 1,325 | 1,353 | 1,335 | 1,351 | 1,476 | 1,569 | 1,600 | 1,636 | 1,634 | 1,703 | 1,747 |
| Expenses + | 1,309 | 1,270 | 1,331 | 1,375 | 1,619 | 1,482 | 1,575 | 1,676 | 1,581 | 1,640 | 1,662 | 1,800 | 1,890 |
| Financing Profit | 489 | 590 | 557 | 806 | 716 | 950 | 968 | 853 | 842 | 984 | 1,040 | 1,075 | 1,134 |
| Financing Margin % | 15% | 18% | 17% | 23% | 20% | 25% | 24% | 21% | 21% | 23% | 24% | 23% | 24% |
| Other Income + | 202 | 153 | 268 | 47 | 6 | 0 | 5 | 8 | 4 | 0 | 0 | -25 | 0 |
| Depreciation | 29 | 30 | 28 | 29 | 28 | 28 | 33 | 36 | 41 | 41 | 51 | 58 | 60 |
| Profit before tax | 662 | 714 | 797 | 824 | 694 | 922 | 940 | 824 | 806 | 943 | 989 | 992 | 1,074 |
| Tax % | 37% | 26% | 25% | 22% | 20% | 26% | 26% | 24% | 21% | 26% | 26% | 26% | 25% |
| Net Profit + | 417 | 531 | 594 | 639 | 553 | 685 | 697 | 626 | 636 | 701 | 735 | 738 | 809 |
| EPS in Rs | 2.02 | 2.14 | 2.40 | 2.57 | 2.23 | 2.75 | 2.79 | 2.51 | 2.55 | 2.81 | 2.94 | 2.95 | 3.22 |
| Gross NPA % | |||||||||||||
| Net NPA % |
Financials of L&T Finance Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 6,456 | 7,440 | 8,532 | 10,215 | 13,365 | 14,104 | 13,353 | 11,930 | 12,775 | 14,252 | 15,924 | 17,914 |
| Interest | 3,577 | 4,133 | 4,635 | 5,458 | 6,882 | 7,552 | 7,230 | 5,765 | 5,812 | 5,387 | 6,007 | 6,734 |
| Expenses + | 1,625 | 1,979 | 2,776 | 3,308 | 3,377 | 4,160 | 5,401 | 5,233 | 7,938 | 6,195 | 6,304 | 6,946 |
| Financing Profit | 1,254 | 1,328 | 1,120 | 1,449 | 3,105 | 2,392 | 722 | 932 | -975 | 2,670 | 3,614 | 4,234 |
| Financing Margin % | 19% | 18% | 13% | 14% | 23% | 17% | 5% | 8% | -8% | 19% | 23% | 24% |
| Other Income + | 16 | 8 | 26 | 49 | -4 | 370 | 836 | 594 | 2,795 | 474 | 16 | -26 |
| Depreciation | 96 | 83 | 67 | 52 | 50 | 82 | 86 | 103 | 111 | 115 | 139 | 210 |
| Profit before tax | 1,175 | 1,253 | 1,079 | 1,446 | 3,052 | 2,680 | 1,472 | 1,423 | 1,709 | 3,029 | 3,491 | 3,998 |
| Tax % | 28% | 32% | 3% | 12% | 27% | 37% | 36% | 26% | 10% | 24% | 24% | 25% |
| Net Profit + | 855 | 857 | 1,048 | 1,278 | 2,232 | 1,700 | 949 | 1,049 | 1,536 | 2,317 | 2,643 | 2,983 |
| EPS in Rs | 4.04 | 3.97 | 4.83 | 5.11 | 9.06 | 6.90 | 3.93 | 4.33 | 6.55 | 9.32 | 10.60 | 11.90 |
| Dividend Payout % | 16% | 16% | 13% | 16% | 9% | 11% | 0% | 12% | 31% | 27% | 26% | 23% |
Financials of L&T Finance Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1,720 | 1,753 | 1,756 | 1,996 | 1,999 | 2,005 | 2,469 | 2,474 | 2,480 | 2,489 | 2,495 | 2,504 |
| Reserves | 4,656 | 5,442 | 6,138 | 9,411 | 11,450 | 12,688 | 16,304 | 17,474 | 19,049 | 20,950 | 23,069 | 25,479 |
| Borrowing | 43,454 | 52,829 | 61,024 | 75,248 | 91,507 | 93,934 | 88,592 | 85,237 | 83,105 | 76,603 | 92,372 | 110,298 |
| Other Liabilities + | 2,912 | 3,775 | 3,593 | 1,117 | 1,094 | 902 | 1,582 | 1,696 | 1,706 | 2,652 | 2,447 | 3,903 |
| Total Liabilities | 52,742 | 63,799 | 72,511 | 87,772 | 106,050 | 109,529 | 108,947 | 106,880 | 106,339 | 102,694 | 120,384 | 142,184 |
| Fixed Assets + | 1,184 | 1,313 | 1,230 | 1,151 | 1,127 | 1,100 | 1,138 | 509 | 553 | 519 | 641 | 1,308 |
| CWIP | 174 | 22 | 28 | 19 | 39 | 62 | 24 | 22 | 5 | 36 | 45 | 62 |
| Investments | 2,649 | 3,563 | 6,012 | 5,301 | 8,641 | 5,979 | 8,872 | 11,917 | 14,366 | 12,385 | 11,876 | 10,564 |
| Other Assets + | 48,736 | 58,901 | 65,242 | 81,301 | 96,243 | 102,387 | 98,912 | 94,433 | 91,415 | 89,754 | 107,822 | 130,250 |
| Total Assets | 52,742 | 63,799 | 72,511 | 87,772 | 106,050 | 109,529 | 108,947 | 106,880 | 106,339 | 102,694 | 120,384 | 142,184 |
Financials of L&T Finance Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -6,474 | -9,213 | -5,779 | -15,640 | -11,643 | 2,162 | 5,464 | 6,078 | 6,718 | 686 | -16,587 | -14,189 |
| Cash from Investing Activity + | 2 | -675 | -2,118 | 1,549 | -3,587 | 160 | -2,025 | -5,087 | -862 | 849 | 472 | 367 |
| Cash from Financing Activity + | 6,552 | 9,426 | 7,952 | 14,678 | 16,008 | 1,451 | -2,091 | -3,023 | -1,664 | -7,050 | 15,419 | 15,415 |
| Net Cash Flow | 81 | -461 | 55 | 587 | 777 | 3,772 | 1,349 | -2,032 | 4,193 | -5,515 | -697 | 1,593 |
| Free Cash Flow | -6,572 | -9,292 | -5,781 | -15,614 | -11,723 | 2,108 | 5,415 | 6,001 | 6,622 | 568 | -16,777 | -14,427 |
| CFO/OP | -125% | -158% | -91% | -217% | -109% | 30% | 72% | 96% | 163% | 102% | -165% | -120% |
Financials of L&T Finance Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 13% | 13% | 14% | 13% | 18% | 12% | 4% | 4% | -0% | 10% | 11% | 11% |