L&T Finance (LTF) reported its highest-ever quarterly profit after tax (PAT) of Rs 735 crore for the July–September quarter of FY2025–26, marking a 6 per cent year-on-year increase and a 5 per cent rise over the previous quarter. The growth was driven by strong retail disbursements and stable asset quality across lending segments, the company said.
The NBFC’s retail loan portfolio crossed the Rs 1 lakh crore milestone, reaching Rs 1,04,607 crore, up 18 per cent from a year ago, while retail disbursements surged 25 per cent to a record Rs 18,883 crore. Retailisation of the total portfolio now stands at 98 per cent. Total assets under management grew 15 per cent year-on-year to Rs 1,07,096 crore, with gross stage 3 assets at 3.29 per cent and net stage 3 assets at 1 per cent, reflecting resilient asset quality.
During the quarter, S&P Global Ratings upgraded LTF’s long-term issuer credit rating to ‘BBB/Stable’ from ‘BBB-/Positive’, while Fitch Ratings assigned a long-term rating of ‘BBB-’ with a stable outlook. Both are investment grade and on par with India’s sovereign rating, enabling the company to tap global capital markets.
Sudipta Roy, Managing Director and CEO, said the company’s focus on technology, branch expansion, and customer-centric strategies had delivered strong results, particularly in personal loans, housing loans, and the newly launched gold loan segment. Digital initiatives, including the Planet app, which has crossed 2 crore downloads, and AI-driven tools like Project Nostradamus and Project Cyclops, have also enhanced disbursement and collection efficiency.
With improving rural demand and festive season consumption expected to boost momentum, LTF anticipates sustained growth in the second half of FY26. The company also highlighted its continued focus on ESG and CSR initiatives, including financial literacy programmes, water conservation, and flood relief efforts. |
