L&T Finance Ltd Approves Fundraising, Business Expansion And Reports Solid Q4 Results

L&T Finance Ltd has unveiled a comprehensive set of strategic initiatives aimed at strengthening its capital base, diversifying operations, and enhancing shareholder value. Alongside new fundraising approvals, the company reported steady financial performance for the March quarter.

Fundraising Initiatives

The board approved issuance of non-convertible debentures in tranches and preference shares up to 60.12 billion rupees in FY2026-27. These measures are expected to bolster liquidity, support growth plans, and provide flexibility in capital management.

Business Diversification

In a significant move, L&T Finance announced its entry into the pre-paid instruments business and third-party application provider services. This expansion reflects the company’s intent to tap into India’s fast-growing fintech ecosystem and broaden its digital offerings.

Financial Results

For Q4, consolidated revenue from operations stood at 47.71 billion rupees, while net profit was reported at 8.07 billion rupees. The board also declared a dividend of 2.75 rupees per share, reinforcing its focus on shareholder returns.

Key Highlights

• Approval for NCD issuance in tranches
• Preference shares up to 60.12 billion rupees in FY2026-27
• Entry into pre-paid instruments and third-party app provider business
• Dividend declared at 2.75 rupees per share
• Q4 consolidated revenue at 47.71 billion rupees
• Q4 consolidated net profit at 8.07 billion rupees

Sources: Reuters, Economic Times, Business Standard