L&T Finance Q4 FY25 Results: Revenue ₹4,023 Cr, PAT up 15%

What L&T Finance reported for Q4 FY25

L&T Finance Limited (LTF) announced its consolidated results for the quarter ended March 31, 2025 (Q4 FY25), showing higher income and profit compared with the same quarter last year. Revenue from operations rose 9.6% year-on-year to ₹4,022.92 crore, up from ₹3,670.30 crore. Total income also grew 9.6% to ₹4,027.22 crore from ₹3,675.85 crore. Profit after tax (PAT) increased 15.0% to ₹635.84 crore versus ₹553.02 crore in Q4 FY24. The company linked the performance to strong operations and disciplined cost management.

Revenue and income growth: where the headline came from

The quarter’s topline expansion was visible in both revenue from operations and total income, which moved broadly in line with each other. LTF reported revenue from operations of ₹4,022.92 crore and total income of ₹4,027.22 crore in Q4 FY25. In the year-ago quarter, the company reported ₹3,670.30 crore in revenue from operations and ₹3,675.85 crore in total income. The reported year-on-year growth for both metrics was 9.6%.

Profitability: PBT and PAT improve year-on-year

On profitability, LTF reported profit before tax (PBT) of ₹805.52 crore in Q4 FY25. This was higher than ₹694.02 crore in Q4 FY24, translating into a 16.1% year-on-year increase. PAT for Q4 FY25 came in at ₹635.84 crore compared with ₹553.02 crore a year ago, a 15.0% rise. The company’s note alongside the results attributed the profit growth to operational performance and cost discipline.

EPS trends and what they imply for shareholders

Earnings per share (EPS) increased in line with profit growth. Basic EPS rose to ₹2.55 in Q4 FY25 from ₹2.23 in Q4 FY24, a 14.3% increase. Diluted EPS was ₹2.54, up from ₹2.22, reflecting a 14.4% year-on-year change. These numbers indicate that profit growth translated into higher per-share earnings during the quarter, based on the company’s consolidated results.

Dividend: board recommends ₹2.75 per share

Alongside the earnings, the board recommended a final dividend of ₹2.75 per share. The table shared in the update also showed a year-ago dividend of ₹2.50 per share, implying a 10.0% increase year-on-year. The company also noted that audited consolidated and standalone financial results for FY2024-25 were approved with unmodified audit opinions, and the board recommended the final dividend.

FY25 snapshot: income, profit, and retailisation

For the full year FY2024-25, LTF reported consolidated total income of ₹15,940.98 crore, up from ₹14,051.05 crore in FY2023-24. Consolidated PAT for FY25 was ₹2,644 crore, up 14% year-on-year, described as the company’s highest-ever annual PAT. LTF also reported record annual ROA of 2.44%, and stated retailisation reached 97% of the overall book.

Operationally, the retail book was reported at ₹95,180 crore, up 19% year-on-year, while the overall book was ₹97,762 crore, up 14%. Retail disbursements for FY25 were ₹60,040 crore, up 11% year-on-year, and Q4 FY25 retail disbursement was ₹14,899 crore. NIM plus fees for FY25 was 10.59% (down 7 bps year-on-year), while Q4 FY25 NIM plus fees was 10.15%.

Microfinance context mentioned during the call

In management commentary included in the material, LTF indicated that the operating environment in microfinance remained challenging during the quarter. It referred to state-specific events, including the Karnataka ordinance, as part of the context discussed on the earnings call. Even with these sector conditions, the company reiterated the annual PAT and ROA milestones for FY25.

What the market is watching next: Q4 FY26 estimates

The update also included analyst consensus estimates for the quarter expected in April 2026 (Q4 FY26). Consensus projections put Q4 FY26 revenue at ₹4,480 crore, implying about 5% year-on-year growth, while PAT was estimated at ₹670 crore, a projected 8% increase versus the same quarter in FY25. The same section stated an expected margin of approximately 18.4% and noted that these are estimates and actual results may vary.

LTF also reported Q3 FY26 revenue of ₹4,280 crore and PAT of ₹620 crore in the shared context.

Key numbers at a glance

Market Impact

The quarter’s reported 9.6% year-on-year rise in revenue from operations to ₹4,022.92 crore and the 15.0% rise in PAT to ₹635.84 crore set the near-term earnings narrative for LTF. The board’s recommended final dividend of ₹2.75 per share added another data point for income-focused shareholders, especially versus the ₹2.50 per share shown for the prior year. For FY25, the company’s consolidated total income of ₹15,940.98 crore and PAT of ₹2,644 crore provided the annual context behind the quarterly numbers, alongside operational metrics such as retailisation at 97% and overall book of ₹97,762 crore.

Analysis: why the quarter matters for the FY26 setup

Two threads stand out in the disclosed information. First, profitability improved faster than topline in Q4 FY25, with PBT up 16.1% and PAT up 15.0% year-on-year, indicating that costs and operating performance moved favourably relative to income. Second, the company’s FY25 disclosure emphasised retailisation and retail book growth, and that positioning frames how investors may interpret the FY26 estimates included in the update. The consensus estimates for Q4 FY26 revenue (₹4,480 crore) and PAT (₹670 crore) suggest expectations of continued growth, but the update explicitly notes that these are estimates and actual results may vary.

Conclusion

L&T Finance’s Q4 FY25 results showed year-on-year increases across revenue, total income, and profit, with PAT rising to ₹635.84 crore and a final dividend of ₹2.75 per share recommended. The next key milestone mentioned is the planned announcement of Q4 FY26 results in April 2026, with consensus estimates currently pointing to revenue of ₹4,480 crore and PAT of ₹670 crore.