L&T Finance Limited has informed the Exchange about Investor Presentation
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L&T Finance reported its highest-ever annual PAT of ₹2,981 Cr for FY26 (after one-time labour code impact), with Q4FY26 PAT at ₹807 Cr (+27% YoY). The retail book grew 26% YoY to ₹1,19,508 Cr, with retailisation now at 98% — exceeding the Lakshya 2026 target of 95%. Q4FY26 RoA was 2.40% and RoE was 11.71%. Credit cost remained steady at 2.54% for FY26, with slippages declining sharply from ₹944 Cr in Q1 to ₹402 Cr in Q4. The company's in-house AI tools (Project Cyclops for underwriting and Nostradamus for portfolio management) are delivering measurable outperformance — Two-Wheeler Cyclops portfolio delinquency is 7% vs 41% for NBFC industry average. Gold Finance scaled to 330 branches. Lakshya 2031 strategy was launched targeting 20%+ book growth, RoA of 3.0-3.2%, and RoE of 16-18%.
Strong execution on retailisation strategy, improving credit quality, and AI-driven underwriting should support continued ROA expansion. The new Lakshya 2031 targets signal management confidence, but near-term NIM+Fees compression (-26bps YoY in FY26) warrants monitoring given competitive intensity in secured lending.