Shares of L&T Finance were trading nearly 2% higher on Tuesday, January 6, after the Larsen & Toubro subsidiary reported a strong business update for the third quarter of FY26. The stock was trading at Rs 326.55, up 1.95%, on the NSE during morning trade.
According to its regulatory filing, retail disbursements surged 49% year-on-year to an estimated Rs 22,690 crore in Q3 FY26, compared with Rs 15,210 crore in the corresponding quarter of the previous financial year.
Strong growth across rural, urban and SME segments
L&T Finance said rural business disbursements stood at Rs 6,740 crore during the quarter, registering a 46.55% YoY increase from Rs 4,599 crore in Q3 FY25. Farmer finance disbursements rose 11.48% YoY to Rs 2,780 crore, compared with Rs 2,495 crore a year ago.
The company also reported a sharp rise in urban finance disbursements, which climbed 48.06% YoY to Rs 9,670 crore, up from Rs 6,531 crore in the year-ago period. SME finance grew 24.1% annually to Rs 1,550 crore, against Rs 1,249 crore in Q3 FY25.
Loan book and portfolio growth
During the quarter, acquired portfolio disbursements increased 63.69% YoY to Rs 550 crore, compared with Rs 336 crore in the December quarter of FY25.
L&T Finance said its retail loan book stood at Rs 1.12 lakh crore (Rs 1,11,900 crore) at the end of Q3 FY26, marking a 21% year-on-year growth from Rs 92,224 crore.
The company also reported a marginal improvement in realisations, which increased to 98% from 97% in the previous period.
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