Below are the financial statements of L&T Finance, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in INR | 2024 | 2023 |
|---|---|---|
| Revenue from operations | — | — |
| Interest income | 12,913.93a | 12,565.11a |
| Dividend income | 0.1a | 0.08a |
| Rental income | 0a | 3.48a |
| Fees and commission income | 662.48a | 158.15a |
| Net gain on fair value changes | 4.07a | 48.13a |
| Total revenue from operations | 13,580.58a | 12,774.95a |
| Other income | 474.54a | 526.75a |
| Total income | 14,055.12a | 13,301.7a |
| Expenses | — | — |
| Finance costs | -5,377.19a | -5,797.24a |
| Net loss on fair value changes | -360.96a | -620.54a |
| Net loss on derecognition of financial instruments under amortised cost category | -457.71a | -359.69a |
| Impairment on financial instruments | -1,322.36a | -1,560.18a |
| Employee benefits expenses | -1,806.37a | -1,405.93a |
| Depreciation, amortization and impairment | -114.77a | -111.24a |
| Other expenses | -1,586.73a | -1,316.23a |
| Total expenses | -11,026.09a | -11,171.05a |
| Profit before exceptional items and tax | 3,029.03a | 2,130.65a |
| Exceptional items | 0a | -2,687.17a |
| Profit before tax | 3,029.03a | -556.52a |
| Tax expense | — | — |
| Current tax | -715.69a | -626.32a |
| Deferred tax | -3.79a | -453.95a |
| Profit after tax from continuing operations | 2,317.13a | -728.89a |
| Share in profit of associates | 0a | 0a |
| Profit after tax from continuing operations and share in profit of associate company | 2,317.13a | -728.89a |
| Discontinued operations | — | — |
| Profit before tax from discontinued operations | 0a | 2,739.34a |
| Tax expense of discontinued operations | 0a | -473.97a |
| Profit after tax from discontinued operations | 0a | 2,265.37a |
| Net profit after tax from continuing operations and discontinued operations | 2,317.13a | 1,536.48a |
| Profit for the year attributable to | — | — |
| Owners of the company | 2,320.1a | 1,623.25a |
| Non-controlling interest | -2.97a | -86.77a |
| Other comprehensive income | 6.23a | 45.23a |
| Remeasurements of the defined benefit plans (net of tax) | 3.52a | -0.18a |
| Items that will be reclassified to profit or loss | — | — |
| Change in fair value of debt instruments measured at fair value through other comprehensive income | 8.94a | -16.48a |
| The effective portion of gains and loss on hedging instruments in a cash flow hedge | -6.23a | 61.89a |
| Other comprehensive income for the year attributable to | — | — |
| Owners of the company | 6.23a | 45.23a |
| Non-controlling interest | 0a | 0a |
| Total comprehensive income | 2,323.36a | 1,581.71a |
| Total comprehensive income for the year attributable to | — | — |
| Owners of the company | 2,326.33a | 1,668.48a |
| Non-controlling interest | -2.97a | -86.77a |
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