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Economic Times
5 days ago
- Business
- Economic Times
Driving impact: L&T Finance Ltd.'s inclusive approach to CSR
Synopsis L&T Finance Ltd. demonstrates its commitment to India's sustainable growth through strategic CSR initiatives. In 2024-25, the company's efforts focused on digital and financial inclusion, climate impact management, disaster management, and social inclusion. These programs empowered rural communities, promoted climate resilience, provided disaster relief, and fostered social equity, all while upholding strong governance and transparency. ET Spotlight Apurva Rathod, Company Secretary and Chief Sustainability Officer, L&T Finance Ltd. From ancient traditions to modern enterprise, the enduring spirit of societal contribution has always been deeply woven into India's fabric. Today, propelled by progressive regulatory reforms and enhanced transparency, philanthropy has evolved into a powerful force for economic and social development. This commitment to positive impact is now integral to how businesses operate and increasingly influences stakeholder L&T Finance Ltd. (LTF), our purpose extends beyond business. We are committed to being a trusted partner in India's sustainable growth journey. Our Corporate Social Responsibility (CSR) strategy focuses on Digital and Financial Inclusion, Climate Impact Management, Disaster Management, and Social Inclusion. We believe that these interventions can drive larger social impact, scalability, and sustainability in the outcomes. Equally important, we have embedded strong governance practices to ensure our efforts remain community-led, accountable, and effective. Digital and Financial Inclusion - A cornerstone of our CSR initiatives has been the Digital Sakhi programme, which continued to scale its reach in 2024–25. This initiative trains rural women in digital and financial literacy, enabling them not only to become agents of change within their communities but also to become independent and create their own identity in society. Over the years, more than 14.20 Lakh community members, including over 7.50 Lakh rural women, were equipped to conduct safe cashless transactions, access formal banking channels, and guide others in adopting digital payments. These Sakhis have been instrumental in helping over 2.40 Lakh families access government welfare schemes worth Rs. 180 Crore, manage finances better, and even launch or expand to more than 10,500 rural women-led ripple effects of financial literacy have been striking that translating into improved household savings, more resilient local economies, and a growing culture of women-led entrepreneurship amongst 5,000-plus enterprises. Climate Impact Management – It remains one of the most significant risks for rural India, especially for smallholder farmers. In 2024–25, our CSR interventions focused on promoting climate-resilient horticulture on over 550 acres of land and planting more than 1 lakh saplings. Under Project Prakruti, we supported over 5000 farmers with training in micro-irrigation and soil health management. Under Jalvaibhav 2.0, 58 water conservation structures were built and restored, thereby benefitting 500 acres of land and creating an additional water harvesting capacity of 40,000 kilolitres, boosting groundwater recharge and enabling reliable irrigation. Disaster Management - Our commitment to disaster management continued with equal focus on response and preparedness. In 2024–25, we provided swift relief kits to more than 1.30 Lakhs victims in the wake of floods, cyclones, and other natural disasters. Social Inclusion - Our CSR approach is fundamentally driven by a deep commitment to inclusivity, ensuring no one is left behind. Our social inclusion programs in 2024–25 focused on implementing a pilot project in Banking and Financial Services for the unemployed youth. This pilot project was successfully conducted and as a result, 66 males and 134 Females passed the course titled 'Banking and Finance – Operation & Sales' and got successfully placed in banking and non-banking financial of the principles I hold most dear as Chief Sustainability Officer is governance rooted in transparency and community participation. In 2024–25, we reinforced this through multiple channels like Community Feedback Systems. We conducted regular surveys and field meetings to capture the voices of those we serve. We brought together local leaders, Self-Help Group representatives, teachers, and other stakeholders in the form of Community Advisory Panels to review progress, provide input, and ensure alignment with community priorities. State, district and dluster-level workshops convened government officials, NGOs, community members, and our CSR teams to share learning, build partnerships, and celebrate successes. These governance mechanisms didn't just improve the quality of our interventions; they built trust, local ownership, and visibility for our CSR initiatives. Looking Ahead: 2024–25 demonstrated that impactful CSR is driven by partnership with communities. By aligning our focus areas with real local needs and by listening, learning, and co-creating solutions, we ensured our work was both strategic and sustainable. At LTF, we remain committed to deepening these efforts. Going forward, we will continue investing in digital & financial inclusion, climate resilience, disaster preparedness, and social inclusion while holding ourselves accountable to the highest standards of governance and transparency. Together with our partners and the communities we serve, we will keep working toward a more inclusive, resilient, and equitable rural article has been contributed by Apurva Rathod, Company Secretary and Chief Sustainability Officer, L&T Finance Ltd. Disclaimer: The views and opinions expressed in the story are independent professional judgment of the experts and we do not take any responsibility for the accuracy of their views. The brand is solely liable for the correctness, reliability of the content and/or compliance of applicable laws. The above is non-editorial content and TIL does not guarantee, vouch or endorse any of it. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. (This article is generated and published by ET Spotlight team. You can get in touch with them on etspotlight@
Time of India
6 days ago
- Business
- Time of India
Driving impact: L&T Finance Ltd.'s inclusive approach to CSR
From ancient traditions to modern enterprise, the enduring spirit of societal contribution has always been deeply woven into India's fabric. Today, propelled by progressive regulatory reforms and enhanced transparency, philanthropy has evolved into a powerful force for economic and social development. This commitment to positive impact is now integral to how businesses operate and increasingly influences stakeholder expectations. At L&T Finance Ltd. (LTF), our purpose extends beyond business. We are committed to being a trusted partner in India's sustainable growth journey. Our Corporate Social Responsibility (CSR) strategy focuses on Digital and Financial Inclusion, Climate Impact Management, Disaster Management, and Social Inclusion. We believe that these interventions can drive larger social impact, scalability, and sustainability in the outcomes. Equally important, we have embedded strong governance practices to ensure our efforts remain community-led, accountable, and effective. Digital and Financial Inclusion - A cornerstone of our CSR initiatives has been the Digital Sakhi programme, which continued to scale its reach in 2024–25. This initiative trains rural women in digital and financial literacy, enabling them not only to become agents of change within their communities but also to become independent and create their own identity in society. ET Spotlight Ms. Rathod (Center) at the launch of Digital Sakhi project in Saharsa, Bihar Over the years, more than 14.20 Lakh community members, including over 7.50 Lakh rural women, were equipped to conduct safe cashless transactions, access formal banking channels, and guide others in adopting digital payments. These Sakhis have been instrumental in helping over 2.40 Lakh families access government welfare schemes worth Rs. 180 Crore, manage finances better, and even launch or expand to more than 10,500 rural women-led microenterprises. The ripple effects of financial literacy have been striking that translating into improved household savings, more resilient local economies, and a growing culture of women-led entrepreneurship amongst 5,000-plus enterprises. Live Events Climate Impact Management – It remains one of the most significant risks for rural India, especially for smallholder farmers. In 2024–25, our CSR interventions focused on promoting climate-resilient horticulture on over 550 acres of land and planting more than 1 lakh saplings. Under Project Prakruti, we supported over 5000 farmers with training in micro-irrigation and soil health management. Under Jalvaibhav 2.0, 58 water conservation structures were built and restored, thereby benefitting 500 acres of land and creating an additional water harvesting capacity of 40,000 kilolitres, boosting groundwater recharge and enabling reliable irrigation. Disaster Management - Our commitment to disaster management continued with equal focus on response and preparedness. In 2024–25, we provided swift relief kits to more than 1.30 Lakhs victims in the wake of floods, cyclones, and other natural disasters. Social Inclusion - Our CSR approach is fundamentally driven by a deep commitment to inclusivity, ensuring no one is left behind. Our social inclusion programs in 2024–25 focused on implementing a pilot project in Banking and Financial Services for the unemployed youth. This pilot project was successfully conducted and as a result, 66 males and 134 Females passed the course titled 'Banking and Finance – Operation & Sales' and got successfully placed in banking and non-banking financial institutions. One of the principles I hold most dear as Chief Sustainability Officer is governance rooted in transparency and community participation. In 2024–25, we reinforced this through multiple channels like Community Feedback Systems. We conducted regular surveys and field meetings to capture the voices of those we serve. We brought together local leaders, Self-Help Group representatives, teachers, and other stakeholders in the form of Community Advisory Panels to review progress, provide input, and ensure alignment with community priorities. State, district and dluster-level workshops convened government officials, NGOs, community members, and our CSR teams to share learning, build partnerships, and celebrate successes. These governance mechanisms didn't just improve the quality of our interventions; they built trust, local ownership, and visibility for our CSR initiatives. Looking Ahead: 2024–25 demonstrated that impactful CSR is driven by partnership with communities. By aligning our focus areas with real local needs and by listening, learning, and co-creating solutions, we ensured our work was both strategic and sustainable. At LTF, we remain committed to deepening these efforts. Going forward, we will continue investing in digital & financial inclusion, climate resilience, disaster preparedness, and social inclusion while holding ourselves accountable to the highest standards of governance and transparency. Together with our partners and the communities we serve, we will keep working toward a more inclusive, resilient, and equitable rural India. The article has been contributed by Apurva Rathod, Company Secretary and Chief Sustainability Officer, L&T Finance Ltd.
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Business Standard
18-07-2025
- Business
- Business Standard
L&T Finance net profit rises 2% in Q1FY26, margins and fees moderate
L&T Finance Ltd (LTF) posted a mere two per cent year-on-year (Y-o-Y) growth in consolidated net profit at Rs 701 crore in the first quarter ended June 2024 (Q1FY26) amid moderation in its net interest margins (NIM) and fees. Its net profit was Rs 686 crore in Q1 of the previous year. LTF, the lending unit of engineering conglomerate Larsen and Toubro Ltd, posted a six per cent Y-o-Y growth in consolidated total income at Rs 2,548 crore in Q1FY26. Its NIM plus fees and other income declined to 10.22 per cent in Q1FY26 from 11.08 per cent in Q1FY25, LTF said in a statement. The consolidated loan book size grew by 15 per cent Y-o-Y to Rs 1.02 trillion at the end of June 2025 from Rs 88,717 crore a year ago. It added a secured high yield product (gold loans) to its loan portfolio in Q1Fy26. The impetus remains on risk calibrated business growth with a sharp focus on a strong asset quality, laying the foundation for a sustainable and predictable growth, he added. Elaborating on segment-wise performance, the company said the disbursement in rural business finance was Rs 5,618 crore in Q1FY26, down three per cent. The outstanding book saw three per cent growth at Rs 26,616 crore at the end of June 2025. In the farmer finance business, the disbursements were up 16 per cent to Rs 2,200 crore in Q1FY26. The outstanding book also grew by 11 per cent to Rs 15,756 crore in Q1FY26 from Rs 14,204 crore a year ago, LTF said. In the housing finance and loans against property (LAP) segment, the disbursements were up 24 per cent to Rs 2,780 crore in Q1FY26 from Rs 2,245 crore in Q1FY24. The outstanding loan book grew 33 per cent to Rs 26,464 crore.
The Hindu
18-07-2025
- Business
- The Hindu
L&T Finance Q1 net profit rises 2% to ₹701 crore
L&T Finance Ltd. for the first quarter ended June 30, 2025 reported consolidated net profit of ₹701 crore as compared with ₹686 crore in the year ago period, up 2%. The consolidated book size at ₹1,02,314 crore grew 15% YoY. Net Interest Margin and Fees grew 10.22% as compared with 11.08% in the year ago period. Sudipta Roy, Managing Director & CEO, LTF said, 'In a challenging quarter, our company remained focused on outcomes and achieved a resilient performance while showcasing our ability to manage market headwinds.' 'This performance is on the back of our commitment to sourcing creditworthy customers backed by technology and robust credit guardrails, while keeping a strong focus on collection efficiency across businesses,' he stated. 'Our impetus remains on risk calibrated business growth with a sharp focus on a strong asset quality, laying the foundation for a sustainable and predictable growth going forward,' he said. 'In the quarter, we achieved the highest-ever consolidated book of over ₹1 lakh crore milestone and PUBLIC added a secured high yield product to our loan Gold Loan portfolio,' he said. 'Our AI-driven next-gen digital credit engine, 'Project Cyclops' is starting to yield early dividends in our Two-wheeler finance business, and during the quarter, 'Project Cyclops' was scaled up in Farm business and launched in the SME finance business,' he added.
Business Upturn
18-07-2025
- Business
- Business Upturn
L&T Finance Q1 Results: Net profit rises 10% QoQ to Rs 701 crore, retail book up 18% YoY
L&T Finance Ltd. (LTF) kicked off FY26 on a strong note, reporting a consolidated Profit After Tax (PAT) of ₹701 crore for Q1—up 10% quarter-on-quarter and 2% year-on-year. The company also posted its highest-ever consolidated book at ₹1,02,314 crore, driven by a retail book of ₹99,816 crore, which rose 18% YoY. Retail disbursements stood at ₹17,522 crore for the quarter, up 18% from last year, led by growth in Farmer Finance, Home Loans, LAP, and Gold Loans. On the unsecured side, Personal Loans continued to gain traction. Retailisation reached 98%, surpassing LTF's Lakshya 2026 target. Meanwhile, the company successfully integrated its recently acquired Gold Loan portfolio and launched 'Project Cyclops' for SME Finance. Asset quality remained stable with Gross Stage 3 at 3.31% and Net Stage 3 at 0.99%. Credit cost dropped to 2.23%, even after provisioning ₹300 crore in Rural Business Finance. Return on Assets improved to 2.37% from 2.22% in the previous quarter. The company also saw a 16 bps sequential drop in the Weighted Average Cost of Borrowing to 7.68%. Net Interest Margin plus fees came in at 10.22%, while Return on Equity stood at 10.86%. With strong digital capabilities and a diversified retail portfolio, L&T Finance continues to build a resilient, high-quality consumer lending franchise in line with its Lakshya 2026 vision. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
