L&T Finance Ltd Announces All-Time High Annual Profit After Tax of Rs. 2,320 Crore, Up 43% Year-on-Year

L&T Finance Ltd reported an all-time high annual Profit After Tax (PAT) of Rs. 2,320 Crore in FY24, a 43% increase Year-on-Year (YoY), with Rs. 554 Crore quarterly PAT in Q4FY24, up 11% YoY. The retail franchise size stands at Rs. 80,037 Crore with all-time high Q4FY24 disbursements. The company recommended the highest ever final dividend of Rs. 2.50 per equity share for FY24. PLANET App has surpassed 90 lakh downloads. With the achievement of Lakshya 2026 goals at the retail level, the company is now reoriented towards convergence at the consolidated level by FY26. The business model exhibits strong growth across all retail segments. Proactive asset liability management led to a slight increase in WAC to 7.82% QoQ and 7.80% in FY24 from 7.46% in FY23. Robust retail asset quality shows GS3 at 2.84% and NS3 at 0.62%.