Latest news with #ProjectCyclops'
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
