L&T FINANCE HOLDINGS LTD.

L&T Finance Ltd has announced the allotment of 200 subordinated, unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of ₹1 crore each, totaling ₹200 crore. These NCDs were issued on a private placement basis for cash and are intended to be listed on the Negotiated Trade Reporting Platform (NTRP) of the National Stock Exchange of India. The issuance is part of the company's strategy to strengthen its Tier II Capital. The NCDs have a tenor of 3653 days, with a maturity date of July 1, 2036, and carry a coupon rate of 8.20% per annum.

L&T Finance Ltd has announced the appointment of Mr. Sachinn Joshi and Mr. Raju Dodti as Whole-time Directors, following approval from the Reserve Bank of India. Mr. Joshi's tenure will be for two years, and Mr. Dodti's for three years, both effective from August 10, 2026. The company had previously submitted the necessary details as required by SEBI regulations on April 24, 2026. This move is a significant management change for the company.

L&T Finance Ltd has informed exchanges about submitting applications to BSE Limited and National Stock Exchange of India Limited for the re-classification of Nabha Power Limited from the 'Promoter Group' category to the 'Public' category. This follows the Board of Directors' approval on July 10, 2026, for Nabha Power Limited's request. The submission is in accordance with Regulation 31A of the SEBI Listing Regulations and other applicable norms.

L&T Finance Ltd. (LTF) reported its unaudited financial results for the quarter ended June 30, 2026, showcasing a record consolidated Profit After Tax (PAT) of ₹902 Crore, a significant 29% year-on-year increase. The company also achieved its highest ever consolidated book size of ₹1,29,634 Crore, up 27% YoY. Retail disbursements were robust at ₹23,852 Crore, marking a 36% YoY growth. LTF is accelerating its technology deployment to transform into an AI-native lender under its Lakshya 2031 strategy. Key financial metrics show stable Net Interest Margins (NIMs) + Fees at 10.47%, improved consolidated asset quality with Gross Stage 3 (GS3) at 2.86% and Net Stage 3 (NS3) at 0.90%, and a Return on Assets (RoA) of 2.48%. The company also saw a reduction in Weighted Average Cost of Borrowing (WACB) by 48 bps YoY to 7.20% and a 89 bps YoY reduction in credit cost to 2.54%.

L&T Finance Ltd announced the outcome of its Board meeting held on July 10, 2026. The Board approved the unaudited financial results (consolidated and standalone) for the quarter ended June 30, 2026, along with the Limited Review Report. Additionally, the company approved the appointment of Mr. Prashant Kumar as an Additional (Independent) Director for a five-year term, subject to member approval. The Board also approved the re-classification of Nabha Power Limited from 'Promoter Group' to 'Public' category, pending regulatory approvals.

L&T Finance Ltd's Board of Directors met on July 10, 2026, approving the unaudited financial results (consolidated and standalone) for the quarter ended June 30, 2026. The board also approved the appointment of Mr. Prashant Kumar as an Additional (Independent) Director for a five-year term, subject to member approval. Additionally, the company approved the re-classification of Nabha Power Limited from 'Promoter Group' to 'Public' category, pending regulatory approvals. The financial results will be published in newspapers as per SEBI regulations.

L&T Finance delivered a strong quarter with consolidated PAT of ₹916 Cr, marking 31% growth YoY and 13% sequentially, outpacing management's FY-27 guidance trajectory. Revenue grew 22.4% YoY to ₹5,213 Cr, driven primarily by robust interest income growth of 23% to ₹4,895 Cr, reflecting expanding AUM amid favourable credit cycle tailwinds. Net profit margin expanded 102 bps YoY to 17.47%, underpinned by operating margin expansion of 157 bps to 23.71%, demonstrating strong operational leverage. The company's credit cost (impairment at 11.2% of revenue) remains elevated but is on glide path towards management's target of 2.0–2.2% by Q4 FY-27, aiming for 3.0–3.2% RoA under the 'Lakshya 2031' strategic plan. Fee income held steady at ₹318 Cr despite seasonal dynamics, with employee cost discipline maintained at ₹698 Cr. The quarter reflects solid execution against near-term guidance of 20%+ AUM growth and stable NIM+fee contribution, positioning the company favourably for FY-27 delivery.

L&T Finance Ltd has successfully allotted 1,00,000 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, on a private placement basis. The total nominal value of this issuance amounts to ₹1,000 Crores. The allotment was made to identified investors on July 07, 2026. The NCDs are proposed to be listed on the NTRP under the New Debt Market of the National Stock Exchange. The issuance is divided into two options, each with a base issue size of ₹500 Crores, and carries coupon rates of 7.7942% p.a. and 7.8384% p.a. respectively, with varying tenors and maturity dates.

L&T Finance Ltd has provided a business update for the first quarter of FY2026-27, ending June 30, 2026. The company estimates retail disbursements to reach approximately ₹23,800 crores, marking a significant year-on-year growth of about 36%. The retail loan book is projected to grow by approximately 28% year-on-year to around ₹1,27,450 crores by the end of Q1 FY27. The retailisation percentage remained stable at 98%. These figures are provisional and subject to a limited review by the statutory auditors.

L&T Finance Ltd has announced the allotment of 380 subordinated, unsecured, redeemable, non-convertible debentures (NCDs) with a face value of ₹1 crore each, on a private placement basis. The total aggregate nominal value of this issuance is ₹380 crore. These NCDs are rated, listed, and will be redeemed on July 01, 2036, with an original tenor of 3653 days. The coupon rate is set at 8.20% per annum, with the first coupon payable on July 01, 2027, and annually thereafter. The debentures are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) under the New Debt Market of the National Stock Exchange of India Limited. No charge or security has been created over the assets for this issuance.