L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in India has recorded a consolidated PAT at Rs. 2,007 Crore for the nine months ended December 31, 2024, a growth of 14% over nine months ended December 31, 2023. The
consolidated PAT for the third quarter ended December 31, 2024 stood at Rs. 626 Crore.
The Company has recorded quarterly retail disbursement of Rs. 15,210 Crore for the third quarter ended December 31, 2024, up 5% YoY. The retail book size reached Rs. 92,224 Crore during the quarter, implying a growth of 23% 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 Rs. 3,100 Crore and has done sourcing of over Rs. 10,500 Crore (including web).
Commenting on the financial results, Mr. Sudipta Roy, Managing Director & CEO of LTF said, “Despite certain macro challenges within the microfinance sector, we have managed the situation effectively. We are hopeful that the environment will be much better over the next couple of quarters.