Buy L&T Finance; target of Rs 80: Prabhudas Lilladher

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26 Aug, 2025 12:21

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Prabhudas Lilladher's report on L&T FinanceL&T Finance Holdings (LTFH) reported 19% YoY growth in adjusted net profits at Rs 2.15bn (PLe: Rs 2.3bn). NII growth came in strong at Rs 7.96bn (3% ahead of PLe) led by robust margins in retail business however higher opex and credit cost put pressure on earnings growth. Loan book grew 19% YoY led by 26% YoY growth in the infra portfolio while retail book grew 13% YoY led by strong growth in housing, microfinance and supply chain segments. LTFH further increased the proportion of operational projects to 58% (up 700bp QoQ) however slippage from restructured assets and challenging outlook in the agriculture portfolio remains an overhang. We maintain our earnings and retain BUY with PT of Rs 80.Investment management doing well; maintain BUY with PT of Rs 80: LTFH outpaced the industry in average AUM growth while it reported profits of Rs46mn in investment management vs NIL last year. We built in the recent capital infusion and maintain BUY with PT of Rs 80, says Prabhudas Lilladher research report.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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