L&T Finance Limited (LTF) – Q2 FY27 Results Press Release

Date: 15 Oct 2026 | Exchanges: NSE & BSE (symbol LTF)

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Introduction

L&T Finance Limited (LTF) filed a press release with the National Stock Exchange of India (NSE) and BSE on 15 Oct 2026, announcing its unaudited consolidated and standalone financial results for the quarter and half‑year ended 30 Sept 2026 (Q2 FY27). The release is also posted on the company’s investor portal www.ltfinance.com/investors as required under SEBI Regulation 46.

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Key Financial Highlights (Consolidated)

Metric	Q2 FY27	Q2 FY26	YoY Change
Profit After Tax (PAT)	₹ 975 Cr	₹ 735 Cr	+33 %
Consolidated Book Size	₹ 1,36,635 Cr	₹ 1,07,096 Cr	+28 %
Retail Disbursements	₹ 24,027 Cr	₹ 18,883 Cr	+27 %
Net Interest Margin (NIM + Fees)	10.48 %	10.22 %	+26 bps
Return on Assets (RoA)	2.60 %	2.41 %	+19 bps
Return on Equity (RoE)	13.56 %	11.33 % (post‑macro)	—
Weighted Average Cost of Borrowing (WACB)	6.95 %	7.20 % (Q1 FY27)	‑25 bps QoQ
Credit Cost	2.46 %	2.98 % (pre‑macro)	‑52 bps YoY
Gross Stage‑3 (GS3) Ratio	2.75 %	3.29 %	—
Net Stage‑3 (NS3) Ratio	0.85 %	1.00 %	—

All figures are in Indian Rupees (₹) unless otherwise noted.

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Segment‑Wise Performance

Segment	Book Size Q2 FY27	Book Size Q2 FY26	YoY Growth	Disbursements Q2 FY27	Disbursements Q2 FY26	YoY Growth
Retail (overall)	₹ 1,34,600 Cr	₹ 1,04,607 Cr	+29 %	₹ 24,027 Cr	₹ 18,883 Cr	+27 %
Rural Business Finance	₹ 33,465 Cr	₹ 27,460 Cr	+22 %	₹ 6,356 Cr	₹ 6,316 Cr	+1 %
Farmer Finance	₹ 17,397 Cr	₹ 15,943 Cr	+9 %	₹ 1,643 Cr	₹ 1,654 Cr	‑1 %
Two‑Wheeler Finance	₹ 16,158 Cr	₹ 13,013 Cr	+24 %	₹ 3,170 Cr	₹ 2,512 Cr	+26 %
Personal Loans	₹ 18,664 Cr	₹ 10,878 Cr	+72 %	₹ 4,233 Cr	₹ 2,918 Cr	+45 %
Housing Loans & LAP	₹ 32,846 Cr	₹ 27,407 Cr	+20 %	₹ 2,926 Cr	₹ 2,713 Cr	+8 %
SME Finance	₹ 9,495 Cr	₹ 7,465 Cr	+27 %	₹ 1,820 Cr	₹ 1,468 Cr	+24 %
Gold Finance	₹ 5,043 Cr	₹ 1,475 Cr	+242 %	₹ 3,237 Cr	₹ 983 Cr	+229 %

The Gold Finance segment expanded to 502 branches, adding 372 new branches since the June 2025 acquisition.

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Asset Quality & Credit Cost

• GS3 fell to 2.75 % (from 3.29 % YoY).
• NS3 improved to 0.85 % (from 1.00 % YoY).
• Credit Cost reduced by 52 bps YoY to 2.46 %, driven by tighter credit administration, stronger collections, and AI‑enabled risk controls.
• Sequential credit‑cost improvement of 8 bps versus Q1 FY27.

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Technology, AI & Digital Initiatives

• PLANET app: > 2.7 crore downloads; serves 94 % of customer service requests; generated ₹ 2,168 Cr in collections and ₹ 5,934 Cr in business during Q2 FY27.
• Rural interface added with multilingual (incl. Hindi) UI.
• Partner PLANET platform launched for dealer‑network engagement (performance insights, trade‑advance management).

AI‑Driven Projects

Project	Purpose	Highlights
Project Hercules (Phase 1)	Agentic AI cross‑sell platform (beta)	Live for urban products; rural rollout slated for Nov 2026.
AI Citizen	Company‑wide AI adoption	1,200+ employees, 21,000+ chat sessions, 5,000+ custom agents created.
Project Helios	Underwriting co‑pilot (SME, Home, Personal)	Processed ~80k files; reduced turnaround: SEP 21→16 hrs, SENP 37→22 hrs.
Project Orion	Portfolio‑management co‑pilot	Handled ~5k conversational queries, real‑time insights.
Project ShighraM	Mortgage legal‑process automation	Processed >9,500 files in 11 vernacular languages; MOPPA handles 240 daily queries.
Project Argus	SME fraud‑screening co‑pilot	Processed ~9,700 files.

These initiatives underpin LTF’s “Lakshya 2031” ambition to become an AI‑native, risk‑first retail financial services institution.

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Distribution & Branch Network

• Geographic footprint: ~2 lakh villages, > 450 cities/towns, > 3,100 branches (urban + rural).
• New village activations (Q2 FY27): 25,670 (Rural Group Loans & MFI).
• Active sourcing points: 9,453 (Two‑Wheeler), 2,766 (Farm Equipment), 298 (Home/LAP).
• Gold Finance branches: 502 active locations.

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Management Commentary

“Q2FY27 has been yet another strong quarter… our diversified retail franchise, disciplined execution and focus on risk‑calibrated growth delivered robust results despite macro‑economic headwinds,” said Sudipta Roy, MD & CEO.
The company emphasized continued investment in AI, digital acquisition, and branch expansion to sustain profitable growth and improve returns.

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Regulatory & Compliance Note

• The press release complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Regulation 46.
• It has been filed with both NSE and BSE and is available on the company’s investor website.

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Bottom Line for Investors

• Record PAT of ₹ 975 Cr (+33 % YoY) and largest consolidated book of ₹ 1.37 trillion signal strong earnings momentum.
• Retail disbursements grew 27 % YoY, driven by double‑digit growth across all loan verticals, especially Gold Finance (+242 %) and Personal Loans (+45 %).
• Asset quality improved (GS3 2.75 %, NS3 0.85 %) while credit cost fell to a historic low of 2.46 %.
• WACB at 6.95 % (lowest ever) and NIM + Fees at 10.48 % enhance profitability outlook.
• Aggressive AI and digital rollout (PLANET app, multiple AI co‑pilots) positions LTF for scalable, technology‑driven growth under the Lakshya 2031 roadmap.

Investors may view the Q2 FY27 results as a strong validation of L&T Finance’s growth strategy, risk management discipline, and technology‑led transformation.