L&T Finance Ltd.'s Transition to NBFC-ICC and Financial Performance
| Aspect | Details |
|---|---|
| Company Name | L&T Finance Holdings Ltd. |
| Transition | From NBFC-Core Investment Company (NBFC-CIC) to NBFC-Investment and Credit Company (NBFC-ICC) |
| Merger | Merger of wholly-owned subsidiaries: L&T Finance, L&T Infra Credit Ltd., L&T Mutual Fund Trustee Ltd. |
| RBI Registration | Certificate of registration issued on August 2 |
| Compliance | No impact on compliance with NBFC-ICC guidelines |
| Net Profit (Q1FY25) | ₹685 crore, up 29% year-on-year |
| Loan Book Growth | Consolidated loan book grew 13% YoY to ₹88,717 crore (Retail loans: 95%, ₹84,444 crore) |
| Stock Price | Declined 0.77% to ₹167.23 per share; up 2.31% YTD and 29.84% over 12 months |
| NSE Nifty 50 | Declined 0.26% |
| Regulatory Update | Surrender of Certificates of Registration (CoR) by L&T Finance and subsidiaries; CoR cancellation of five other NBFCs |