L&T Finance Holdings reported a net profit of ₹626.4 crore for Q3 FY25, marking a 2.1% year-on-year (YoY) dip from ₹640 crore in the same period last year. On a sequential basis, net profit fell by 10%.

Despite this slight drop, the company managed to surpass CNBC-TV18’s poll estimate of ₹578.8 crore, reflecting a stronger-than-expected performance.

The company’s net interest income (NII) came in at ₹2,041 crore, up 11.4% from ₹1,833 crore a year ago, although it missed analysts’ expectations of ₹2,120.8 crore.

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L&T Finance’s asset quality showed improvements, with its gross non-performing asset (GNPA) ratio reducing to 2.85% from 3.19% in the previous quarter. Similarly, its net NPA (NNPA) ratio declined to 0.81%, compared to 0.96% in Q2 FY25.

In the reporting quarter, the company’s interest income rose by 15.1% to ₹3,806.38 crore, compared to ₹3,306.30 crore in the same period last year, an increase of 4.2% from ₹3,654.41 crore in the previous quarter.

L&T Finance Ltd closed at ₹144.30 on the BSE today, gaining ₹1.50, or 1.05%. The results were announced after market hours.