L&T Finance Limited (NSE:LTF)

L&T Finance Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Interest and Dividend Income	146,643	129,140	125,652	117,044	131,049
Total Interest Expense	59,968	53,772	57,972	57,538	72,126
Net Interest Income	86,675	75,368	67,680	59,506	58,923
Commissions and Fees	10,773	6,625	1,582	2,102	2,308
Other Revenue	1,994	4,786	5,754	4,090	4,177
Revenue Before Loan Losses	99,442	86,779	75,015	65,698	65,407
Provision for Loan Losses	21,934	13,224	15,602	21,039	28,268
Revenue	77,509	73,555	59,413	44,658	37,139
Revenue Growth (YoY)	5.38%	23.80%	33.04%	20.24%	-46.64%
Salaries & Employee Benefits	22,165	18,064	14,059	10,948	9,381
Cost of Services Provided	-	2,120	1,412	898.2	938.4
Other Operating Expenses	19,042	21,863	21,364	18,829	14,088
Total Operating Expenses	42,596	43,194	37,948	31,702	25,263
Operating Income	34,913	30,362	21,465	12,956	11,876
EBT Excluding Unusual Items	34,913	30,362	21,465	12,956	11,876
Gain (Loss) on Sale of Investments	-	-65.2	-188.1	-727.6	-1,513
Other Unusual Items	-	-	-26,872	-	2,256
Pretax Income	34,913	30,290	-5,565	12,229	12,613
Income Tax Expense	8,478	7,119	1,724	3,736	5,231
Earnings From Continuing Ops.	26,434	23,171	-7,289	8,492	7,382
Earnings From Discontinued Ops.	-	-	22,654	2,000	2,107
Net Income to Company	26,434	23,171	15,365	10,492	9,489
Minority Interest in Earnings	2.4	29.7	867.7	208.7	220.6
Net Income	26,437	23,201	16,233	10,701	9,709
Net Income to Common	26,437	23,201	16,233	10,701	9,709
Net Income Growth	13.95%	42.93%	51.69%	10.21%	-42.89%
Shares Outstanding (Basic)	2,492	2,484	2,477	2,473	2,164
Shares Outstanding (Diluted)	2,501	2,494	2,477	2,480	2,170
Shares Change (YoY)	0.27%	0.70%	-0.12%	14.25%	1.72%
EPS (Basic)	10.61	9.34	6.55	4.33	4.49
EPS (Diluted)	10.57	9.30	6.55	4.32	4.47
EPS Growth	13.66%	41.91%	51.82%	-3.44%	-43.91%
Free Cash Flow	-167,818	5,547	60,634	59,972	54,117
Free Cash Flow Per Share	-67.10	2.22	24.48	24.18	24.93
Dividend Per Share	2.750	2.500	2.000	0.500	-
Dividend Growth	10.00%	25.00%	300.00%	-	-
Operating Margin	45.04%	41.28%	36.13%	29.01%	31.98%
Profit Margin	34.11%	31.54%	27.32%	23.96%	26.14%
Free Cash Flow Margin	-216.52%	7.54%	102.05%	134.29%	145.71%
Effective Tax Rate	24.29%	23.50%	-	30.55%	41.47%
Revenue as Reported	159,410	140,551	133,017	123,236	137,533

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.