L&T Finance Limited (NSE:LTF)

L&T Finance Income Statement

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

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Interest and Dividend Income	166,162	146,643	129,140	125,652	117,044
Total Interest Expense	67,201	59,968	53,772	57,972	57,538
Net Interest Income	98,961	86,675	75,368	67,680	59,506
Commissions and Fees	12,333	10,773	6,625	1,582	2,102
Gain (Loss) on Sale of Investments	-	-492.7	-	-	-
Other Revenue	675.8	2,487	4,745	5,754	4,090
Revenue Before Loan Losses	111,970	99,442	86,739	75,015	65,698
Provision for Loan Losses	21,841	21,934	13,224	15,602	21,039
Revenue	90,129	77,509	73,515	59,413	44,658
Revenue Growth (YoY)	16.28%	5.43%	23.73%	33.04%	20.24%
Salaries & Employee Benefits	24,550	22,165	18,064	14,059	10,948
Cost of Services Provided	-	1,420	1,666	1,412	898.2
Other Operating Expenses	23,215	17,618	22,276	21,364	18,829
Total Operating Expenses	49,862	42,591	43,153	37,948	31,702
Operating Income	40,267	34,917	30,362	21,465	12,956
EBT Excluding Unusual Items	40,267	34,917	30,362	21,465	12,956
Gain (Loss) on Sale of Investments	-	-	-65.2	-188.1	-727.6
Other Unusual Items	-285.1	-	-	-26,872	-
Pretax Income	39,982	34,913	30,290	-5,565	12,229
Income Tax Expense	10,153	8,478	7,119	1,724	3,736
Earnings From Continuing Ops.	29,829	26,434	23,171	-7,289	8,492
Earnings From Discontinued Ops.	-	-	-	22,654	2,000
Net Income to Company	29,829	26,434	23,171	15,365	10,492
Minority Interest in Earnings	-16.9	2.4	29.7	867.7	208.7
Net Income	29,812	26,437	23,201	16,233	10,701
Net Income to Common	29,812	26,437	23,201	16,233	10,701
Net Income Growth	12.77%	13.95%	42.93%	51.69%	10.21%
Shares Outstanding (Basic)	2,501	2,493	2,484	2,477	2,473
Shares Outstanding (Diluted)	2,509	2,501	2,494	2,477	2,480
Shares Change (YoY)	0.35%	0.26%	0.70%	-0.12%	14.25%
EPS (Basic)	11.92	10.61	9.34	6.55	4.33
EPS (Diluted)	11.88	10.57	9.30	6.55	4.32
EPS Growth	12.39%	13.66%	41.91%	51.82%	-3.44%
Free Cash Flow	-144,287	-167,818	5,669	60,634	59,972
Free Cash Flow Per Share	-57.50	-67.11	2.27	24.48	24.18
Dividend Per Share	2.750	2.750	2.500	2.000	0.500
Dividend Growth	-	10.00%	25.00%	300.00%	-
Operating Margin	44.68%	45.05%	41.30%	36.13%	29.01%
Profit Margin	33.08%	34.11%	31.56%	27.32%	23.96%
Free Cash Flow Margin	-160.09%	-216.52%	7.71%	102.05%	134.29%
Effective Tax Rate	25.39%	24.29%	23.50%	-	30.55%
Revenue as Reported	179,170	159,410	140,511	133,017	123,236

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