L&T Finance Limited has informed the Exchange about Transcript
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L&T Finance reported its highest-ever annual PAT of ₹3,003 Cr (up 14% YoY), with Q4 PAT at ₹807 Cr (up 27% YoY). Quarterly retail disbursements surged 62% YoY to ₹24,107 Cr, pushing the retail book to ₹1,19,508 Cr (up 26% YoY). Consolidated NIMs+Fees stood at 10.47%, while credit costs moderated to 2.64% (down 19 bps QoQ). The company launched its new five-year plan Lakshya 2031, targeting 20%+ book CAGR, sub-2% credit costs, RoA of 3.0-3.2%, and RoE of 16-18%. For FY27, management guided 20%+ AUM growth, NIMs+Fees of 10-10.5%, credit costs of 2-2.2% by Q4, and RoA of at least 2.8% by Q4 FY27. The wholesale book was reduced 14% YoY to ₹2,220 Cr, with net security receipts down 18% to ₹4,808 Cr. The company also announced setting up a payments platform by Q2 FY27 to diversify fee revenues and capture transaction data.
L&T Finance delivered strong growth with improving asset quality; the Lakshya 2031 plan provides clear multi-year targets on profitability and credit costs, reinforcing investor confidence in sustained RoA expansion toward 3%+ over the next five years.