L&T Finance announced its Q3FY26 results, highlighting retailisation at 98% of the overall book and a consolidated book size of ₹1,14,285 Cr. Retail disbursements stood at ₹22,701 Cr, with 21% YoY growth in the consolidated book. The company maintains a focus on its Lakshya 2026 goals, aiming for a 2.8% – 3% consolidated RoA, which reached 2.31% in Q3FY26.
Q3FY26 Financial Highlights
L&T Finance reported a strong performance for Q3FY26, showcasing significant growth and progress towards its strategic objectives:
- Retailisation: Achieved 98% of the overall book.
- Retail Book: Stood at ₹ 1,11,990 Cr, reflecting a 21% YoY growth.
- Consolidated Book: Reached ₹ 1,14,285 Cr.
- Retail Disbursements: Totaled ₹ 22,701 Cr for Q3FY26.
Segment Performance
The company saw robust performance across key segments:
- Two-Wheeler Finance: Experienced all-time high disbursements.
- Farmer Finance: Also achieved all-time high disbursements.
- Gold Finance: Disbursements reached ₹ 1,408 Cr in Q3.
- Personal Loans: Focused on big tech partnerships.
- Rural Business Finance: Improved disbursements, driven by improved collection efficiency and positive sectoral trends.
Asset Quality and Profitability
Key metrics related to asset quality and profitability include:
- NIMs+Fees: Improved to 10.41%, up from 10.22% in Q2FY26.
- RoA: Reached 2.31% for Q3FY26.
- PAT: Stood at ₹ 739 Cr after accounting for exceptional items, and ₹ 760 Cr before exceptional items.
Strategic Initiatives and Implementation
L&T Finance continues to advance its technological and operational capabilities:
- Project Cyclops: Implementation is underway across various product lines.
- Project Nostradamus: Proprietary AI portfolio management engine is live in Beta mode for Two-Wheeler Finance.
- RAISE 2025: Flagship AI conference saw widespread participation and the launch of a new AI startup platform.
Source: BSE
