L&T Finance Profit Up 11% Despite Missing Estimates in Q1

L&T Finance Holdings delivered an 11% year-on-year jump in net profit for Q1, driven by growth in net interest income. However, the company fell short of analyst expectations with a bottom line of Rs 554 crore, compared to the Rs 678 crore predicted by Bloomberg. Despite missing estimates, this performance signifies positive growth for L&T Finance. Let's explore the key drivers behind this growth, including the strong performance of the SME segment, improved asset quality, and a thriving two-wheeler business with a focus on electric vehicles.