L&T Finance Ltd. (LTF) kicked off FY26 on a strong note, reporting a consolidated Profit After Tax (PAT) of ₹701 crore for Q1—up 10% quarter-on-quarter and 2% year-on-year. The company also posted its highest-ever consolidated book at ₹1,02,314 crore, driven by a retail book of ₹99,816 crore, which rose 18% YoY.
Retail disbursements stood at ₹17,522 crore for the quarter, up 18% from last year, led by growth in Farmer Finance, Home Loans, LAP, and Gold Loans. On the unsecured side, Personal Loans continued to gain traction.
Retailisation reached 98%, surpassing LTF’s Lakshya 2026 target. Meanwhile, the company successfully integrated its recently acquired Gold Loan portfolio and launched ‘Project Cyclops’ for SME Finance.
Asset quality remained stable with Gross Stage 3 at 3.31% and Net Stage 3 at 0.99%. Credit cost dropped to 2.23%, even after provisioning ₹300 crore in Rural Business Finance. Return on Assets improved to 2.37% from 2.22% in the previous quarter.
The company also saw a 16 bps sequential drop in the Weighted Average Cost of Borrowing to 7.68%. Net Interest Margin plus fees came in at 10.22%, while Return on Equity stood at 10.86%.
With strong digital capabilities and a diversified retail portfolio, L&T Finance continues to build a resilient, high-quality consumer lending franchise in line with its Lakshya 2026 vision.
