L&T Finance Full Year 2024 Earnings: EPS Misses Expectations

L&T Finance (NSE:LTF) Full Year 2024 Results

Key Financial Results

• Revenue: ₹73.6b (up 24% from FY 2023).
• Net income: ₹23.2b (up from ₹6.42b loss in FY 2023).
• Profit margin: 32% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.
• EPS: ₹9.34 (up from ₹2.59 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

L&T Finance EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in India.

Performance of the Indian Diversified Financial industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with L&T Finance (at least 1 which can't be ignored), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.