L&T Finance Limited (NSE: LTF)

L&T Finance Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest and Dividend Income	137,364	129,140	125,652	117,044	131,049	132,449
Total Interest Expense	55,162	53,772	57,972	57,538	72,126	75,136
Net Interest Income	82,202	75,368	67,680	59,506	58,923	57,313
Commissions and Fees	11,551	6,625	1,582	2,102	2,308	8,124
Other Revenue	1,181	4,786	5,754	4,090	4,177	4,172
Revenue Before Loan Losses	94,933	86,779	75,015	65,698	65,407	69,608
Provision for Loan Losses	15,287	13,224	15,602	21,039	28,268	-
Revenue	79,647	73,555	59,413	44,658	37,139	69,608
Revenue Growth (YoY)	15.39%	23.80%	33.04%	20.25%	-46.65%	7.83%
Salaries & Employee Benefits	20,195	18,064	14,059	10,948	9,381	10,623
Cost of Services Provided	2,120	2,120	1,412	898.2	938.4	1,558
Other Operating Expenses	22,276	21,863	21,364	18,829	14,088	29,807
Total Operating Expenses	45,777	43,194	37,948	31,702	25,263	42,661
Operating Income	33,870	30,362	21,465	12,956	11,876	26,948
EBT Excluding Unusual Items	33,870	30,362	21,465	12,956	11,876	26,948
Gain (Loss) on Sale of Investments	-65.2	-65.2	-188.1	-727.6	-1,513	-
Impairment of Goodwill	-	-	-	-	-	-22
Other Unusual Items	-	-	-26,872	-	2,256	-
Pretax Income	33,799	30,290	-5,565	12,229	12,613	26,801
Income Tax Expense	8,056	7,119	1,724	3,736	5,231	9,798
Earnings From Continuing Ops.	25,743	23,171	-7,289	8,492	7,382	17,003
Earnings From Discontinued Ops.	-	-	22,654	2,000	2,107	-
Net Income to Company	25,743	23,171	15,365	10,492	9,489	17,003
Minority Interest in Earnings	8.3	29.7	867.7	208.7	220.6	-0.9
Net Income	25,752	23,201	16,233	10,701	9,709	17,002
Net Income to Common	25,752	23,201	16,233	10,701	9,709	17,002
Net Income Growth	23.76%	42.93%	51.69%	10.21%	-42.89%	-23.63%
Shares Outstanding (Basic)	2,491	2,484	2,477	2,473	2,164	2,124
Shares Outstanding (Diluted)	2,500	2,494	2,477	2,480	2,170	2,134
Shares Change (YoY)	0.80%	0.70%	-0.12%	14.25%	1.72%	6.43%
EPS (Basic)	10.34	9.34	6.55	4.33	4.49	8.00
EPS (Diluted)	10.30	9.30	6.55	4.32	4.47	7.97
EPS Growth	22.72%	41.91%	51.82%	-3.44%	-43.91%	-28.20%
Free Cash Flow	-123,024	5,547	60,634	59,972	54,117	20,821
Free Cash Flow Per Share	-49.22	2.22	24.48	24.18	24.93	9.76
Dividend Per Share	2.500	2.500	2.000	0.500	-	0.900
Dividend Growth	25.00%	25.00%	300.00%	-	-	-10.00%
Operating Margin	42.53%	41.28%	36.13%	29.01%	31.98%	38.71%
Profit Margin	32.33%	31.54%	27.32%	23.96%	26.14%	24.42%
Free Cash Flow Margin	-154.46%	7.54%	102.05%	134.29%	145.71%	29.91%
Effective Tax Rate	23.83%	23.50%	-	30.55%	41.47%	36.56%
Revenue as Reported	150,096	140,551	133,017	123,236	137,533	144,768

Source: S&P Capital IQ. Financial Services template. Financial Sources.