L&T Finance Ltd. is a NBFC, offering a range of financial products and services. Company has filed requisite application for necessary registration as Systemically Important Non- Deposit Accepting Core Investment Company (NBFC-CIC). Presenting below are its Q2 FY26 earnings results.
Q2 FY26 Earnings Results
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Consolidated Net Profit (PAT): ₹735 crore, up 5.4% YoY from ₹696 crore in Q2 FY25.
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Total Income: ₹4,336 crore, up 7.8% YoY from ₹4,024 crore.
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Assets Under Management (AUM): ₹1,07,096 crore, up 15% YoY from ₹93,015 crore.
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Retail Loan Book: ₹1,04,607 crore, up 18% YoY from ₹88,975 crore; retailization stands at 98% of portfolio.
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Quarterly Retail Disbursements: ₹18,883 crore, up 25% YoY from ₹15,092 crore.
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Credit Cost: Reduced to 2.41% from 2.59% YoY.
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Return on Assets (RoA): 2.41% and Return on Equity (RoE): 11.33%.
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Segment Highlights:
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Rural Business Finance disbursed ₹6,316 crore, up 16% YoY.
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Personal Loans disbursed ₹2,918 crore, up 114% YoY (key growth driver).
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Two-wheeler finance saw 5% YoY growth to ₹2,512 crore.
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SME Finance grew 18% YoY to ₹1,468 crore disbursements.
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Gold Loans segment grew to ₹1,475 crore with ₹983 crore disbursed.
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Digital Initiatives: Launch of ‘Project Nostradamus’ AI portfolio management and big-tech partnership with Google Pay for personal loans origination.
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Branch Expansion: Plans to increase gold loan branches from current ~130 to 330 by FY26 end.
Management Commentary
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CEO Sudipta Roy highlighted the strong retail lending momentum, digital transformation, and expanded product portfolio as drivers of growth.
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Emphasis on improving asset quality, credit cost control, and maximizing technology-driven efficiencies across loan disbursement and collection processes.
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Expressed optimism for growth acceleration in H2 FY26, supported by anticipated festive demand and GST reforms.
Q1 FY26 Earnings Results
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Net Profit: ₹696 crore.
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Total Income: ₹4,024 crore.
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Retail Loan Book: ₹88,975 crore.
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RoE: 11.65%.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.