L&T Finance Ltd’s consolidated net profit declined by 2 per cent year-on-year (Y-o-Y) to Rs 626 crore for the quarter ended December 2024 (Q3FY25), reflecting pressure on net interest margins (NIMs) and a rise in impairment costs. The company's net interest margin, along with fees and other income, stood at 10.33 per cent for Q3FY25, down from 10.93 per cent in Q3FY24, according to its analysts' presentation. Commenting on the results, Sudipta Roy, managing director and chief executive officer of L&T Finance, said, “Despite certain macro challenges within the microfinance sector, we have managed the situation effectively.