India's L&T Finance gains on lower cost of funds, stable asset quality in Q1

L&T Finance

21/07/2025 07:20

** India's L&T Finance LTFL.NS rises ~3.5% to 210.42 rupees, among top two mid-cap .NIFMDCP100 gainers

** The non-bank lender posts higher first-quarter profit, driven by lower cost of funds

** Asset quality largely stable despite it being a seasonally weak quarter, which is a key positive, says Motilal Oswal Financial Services

** Analysts and investors to closely watch for co's commentary in post-earnings call scheduled for later in the day

** On average, 17 analysts recommend "buy' rating on stock, median PT at 215 rupees, as per LSEG data

** YTD, LTFL up 55%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))