L&T Finance Ltd

Net interest income jumped 18% to Rs 2,407 crore in Q3 FY26 from Rs 2,041 crore in Q3 FY25. Operating expense for the period under review was Rs 1,135 crore, up 7% YoY. Earnings before credit cost rose by 25% YoY to Rs 1,785 crore in the third quarter of FY26. Credit cost added up to Rs 792 crore in Q3 FY26, up 32% YoY. Profit before tax in Q3 FY26 at Rs 993 crore, up by 20% from Rs 825 crore in Q3 FY25. For Q3 FY26, retailisation stood at 98% of overall book. Retail book as on 31 December 2025 stood at Rs 1,11,990 crore, up 21% YoY. Total book size was at Rs 1,14,285 crore as on 31 December 2025, up 20% YoY. Gross Stage-3 (GS3) improved sequentially by 10 basis points to 3.19% and Net Stage-3 (NS3) by 8 basis points to 0.92% in Q3 FY26. Return on assets (RoA) stood at 2.31% in Q3 FY26 as against 2.27% in Q3 FY25. RoE after exceptional items was at 11.07% in Q3 FY26 as against 10.21% in Q3 FY25. Consolidated CRAR ratio as on 31 December 2025 stood at 19.10%. Sudipta Roy, managing director & CEO, LTF, said: Q3 FY26 for the financial services sector has been defined by a powerful convergence of favourable macro-tailwinds. The implementation of GST 2.0, good monsoons, and a series of repo rate cuts have seen a surge in consumption and created an environment for growth. In Q3FY26, LTF's focus remained on delivering a standout performance across business segments. We registered the highest ever quarterly disbursements of Rs. 22,701 crore, up 49% YoY, and the retail portfolio reaching Rs.1,11,990 crore, reflecting a growth of 21% YoY leading to a PAT of Rs. 760 crore, up 21% YoY (without the impact of a one-time exceptional item). Our proprietary AI driven next-gen digital credit engine 'Project Cyclops' is now implemented in Personal Loans in addition to Two-wheeler, Farm Equipment, and SME Finance businesses. It will go live in Home Loans and LAP and Rural Group Loans and MFI businesses in FY27.' L&T Finance is a leading non-banking financial company (NBFC), offering a range of financial products and services. The scrip had added 0.19% to end at Rs 296.30 on the BSE on Friday. Powered by Capital Market - Live

Net profit of L&T Finance rose 17.91% to Rs 738.61 crore in the quarter ended December 2025 as against Rs 626.40 crore during the previous quarter ended December 2024. Sales rose 11.73% to Rs 4578.27 crore in the quarter ended December 2025 as against Rs 4097.58 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales4578.274097.58 12 OPM %60.6859.10 - PBDT1078.38860.09 25 PBT1020.68823.90 24 NP738.61626.40 18 Powered by Capital Market - Live

L&T Finance will hold a meeting of the Board of Directors of the Company on 16 January 2026.Powered by Capital Market - Live

The retail disbursements for Q3 FY2024-25 were Rs 15,210 crore. Urban Finance disbursements amounted to Rs 9,670 crore (up 48% YoY), Rural Business Finance disbursements were Rs 6,740 crore (up 47% YoY), Farmer Finance disbursements aggregated to Rs 2,780 crore (up 11% YoY) and SME Finance disbursements added up to Rs 1,550 crore (up 24% YoY). Gold Finance disbursements for December'25 quarter were Rs 1,400 crore. The value of the acquired portfolio was Rs 550 crore in Q3 FY26 as against Rs 336 crore in Q3 FY25. The retail loan book as on 31 December 2025 was Rs 1,11,900 crore as against Rs 92,224 crore as on 31 December 2024, up 21% YoY. The realisations improved to 98% in Q3 FY26 from 97% in Q3 FY25. L&T Finance offers financing for two-wheelers, consumer goods, homes, farm equipment, women entrepreneurs, rural groups, real estate, and infrastructure. It provides financing for small and medium enterprises through term loans and overdraft facilities. The company had reported a 5.64% rise in consolidated net profit to Rs 734.84 crore on a 7.74% increase in total income to Rs 4,335.79 crore in Q2 FY26, compared with Q2 FY25. The scrip had advanced 0.19% to end at Rs 320.40 on the BSE today. Powered by Capital Market - Live

L&T Finance has allotted 6,15,531 equity shares under ESOP on 31 October 2025. Powered by Capital Market - Live

Profit before tax rose 5.24% year-on-year to Rs 988.86 crore in Q2 FY26, compared to Rs 939.57 crore posted in Q2 FY25. The company's retail book witnessed a growth of 18% YoY to Rs 1,04,607 crore, while disbursements increased by 25% YoY to Rs 18,883 crore. Rural business finance quarterly disbursements stood at Rs 6,316 crore in Q2 FY26, up 16% compared with Rs 5,435 crore in Q2 FY25, while book size increased 3% YoY to Rs 27,460 crore in Q2 FY26. Growth was driven by improved collection efficiency and sectoral trends. Farmer finance disbursements fell 7% YoY to Rs 1,654 crore in Q2 FY26. The book size stood at Rs 15,943 crore, up 10% YoY. Two-wheeler finance disbursements rose 5% YoY to Rs 2,512 crore in Q2 FY26, compared with Rs 2,393 crore in Q2 FY25. The book size stood at Rs 13,013 crore in Q2 FY26, up 3% YoY. Personal loan disbursements surged 114% YoY to Rs 2,918 crore during the quarter. The book size climbed 52% YoY to Rs 10,878 crore in Q2 FY26. In Q2 FY26, home loan disbursements rose 7% to Rs 2,713 crore, compared with Rs 2,531 crore in Q2 FY25. The book size increased 26% YoY to Rs 27,407 crore during the quarter. SME finance disbursements jumped 18% to Rs 1,468 crore during the quarter, compared with Rs 1,244 crore in Q2 FY25. The book size jumped 44% to Rs 7,465 crore in Q2 FY26, compared with Rs 5,190 crore in the same quarter last year. Gold loan disbursements in Q2 FY26 were Rs 983 crore, with the book size at Rs 1,475 crore. In Q2 FY26, the company's RoA stood at 2.41%, while RoE declined to 11.33%, down from 11.65% in Q2 FY25. L&T Finance offers financing for two-wheelers, consumer goods, homes, farm equipment, women entrepreneurs, rural groups, real estate, and infrastructure. It provides financing for small and medium enterprises through term loans and overdraft facilities. The scrip shed 0.99% to Rs 268.85 on the BSE. Powered by Capital Market - Live

Net profit of L&T Finance rose 5.64% to Rs 734.84 crore in the quarter ended September 2025 as against Rs 695.58 crore during the previous quarter ended September 2024. Sales rose 7.87% to Rs 4335.75 crore in the quarter ended September 2025 as against Rs 4019.34 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales4335.754019.34 8 OPM %61.6760.82 - PBDT1039.81972.86 7 PBT988.86939.57 5 NP734.84695.58 6 Powered by Capital Market - Live

L&T Finance will hold a meeting of the Board of Directors of the Company on 15 October 2025.Powered by Capital Market - Live

L&T Finance has received upgrade in credit ratings from S&P Global Ratings as under: Long Term Issuer Credit Rating - BBB / Stable (upgraded from BBB-/ Positive) Short Term Issuer Credit Rating - A-2 (upgraded from A-3) Powered by Capital Market - Live

L&T Finance has allotted 25,000 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures having face value of Rs. 1,00,000 each, aggregating to Rs. 250 crore through private placement basis, to the identified investors on 29 July 2025. Powered by Capital Market - Live