L&T Finance Limited — Investor Meet, 06-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

L&T Finance Ltd reported FY25 consolidated PAT of ₹2,644 Cr, up 14% YoY, with RoA at 2.44%. Retail disbursements rose 11% to ₹60,040 Cr; retail book grew 19% to ₹95,180 Cr. Strong urban growth in Personal Loans (+42% YoY) and SME Finance (+37% YoY) offset a 3% decline in Rural Business Finance. Two-wheeler disbursements eased 26% QoQ, focusing on prime customers using AI-driven underwriting that cut risk costs by 100-150 bps. Asset quality stabilized with GS3 at 3.29%. FY26 outlook targets >20% book growth, stable NIMs plus fees (~10-10.5%), and credit cost guidance of 2.3-2.5%, with improving collections and tech-driven expense control. Sentiment is cautiously optimistic on sustained, tech-enabled retail growth.