Summary

L&T Finance Ltd. has recorded the highest ever profit after tax of Rs. 735 Crore, a 6% year-over-year increase. The retail book has crossed the Rs. 1 lakh Crore milestone, with a retail portfolio of Rs. 1,04,607 Crore, reflecting a 18% growth year-over-year. The company has also seen an upgrade of its international issuer long-term credit ratings to ‘BBB/Stable’ from ‘BBB-/Positive’ by S&P Global Ratings.

Key Highlights

1. 1

   Retail Book crosses the Rs. 1 lakh Crore milestone

2. 2

   Retail portfolio of Rs. 1,04,607 Crore, reflecting a 18% growth YoY

3. 3

   Highest ever Retail disbursements for the quarter ended September 30, 2025 at Rs. 18,883 Crore, up 25% YoY

4. 4

   International issuer long-term credit ratings of LTF upgraded to ‘BBB/Stable’ from ‘BBB-/Positive’ by S&P Global Ratings

5. 5

   Robust retail franchise with a retail portfolio of Rs. 1,04,607 Crore, reflecting a 18% growth YoY

6. 6

   Healthy growth in quarterly retail disbursements at Rs. 18,883 Crore vs. Rs. 15,092 Crore, up 25% YoY

7. 7

   Retail Book at Rs. 1,04,607 Crore vs. Rs. 88,975 Crore, registering a growth of 18% YoY

8. 8

   Robust Asset Quality: Gross Stage 3 (GS3) stood at 3.29% in Q2FY26 vs. 3.19% in Q2FY25

9. 9

   Net Stage 3 (NS3) stood at 1.00% in Q2FY26 vs. 0.96% in Q2FY25

10. 10

    Highest ever PAT at Rs. 735 Crore vs Rs. 696 Crore in Q2FY25, up 6% YoY

11. 11

    Total book size at Rs. 1,07,096 Crore vs. Rs. 93,015 Crore in Q2FY25, up 15% YoY

12. 12

    Net Interest Margin + Fees at 10.22% vs. 10.86% in Q2FY25

13. 13

    Return on Equity (RoE) stood at 11.33% vs 11.65% in Q2FY25