L&T Finance Limited has informed the Exchange regarding a press release dated July 18, 2025, titled "Financial results".
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L&T Finance reported a Q1FY26 consolidated Profit After Tax (PAT) of Rs. 701 Crore, up 10% quarter-on-quarter and 2% year-on-year. The company crossed a major milestone with its highest-ever consolidated book size of Rs. 1,02,314 Crore (up 15% YoY), of which the retail book stood at Rs. 99,816 Crore (up 18% YoY), with retailisation at 98%, already exceeding its Lakshya 2026 target. Retail disbursements grew 18% YoY to Rs. 17,522 Crore, led by Farmer Finance, Home Loans & LAP, and Gold Loans. Asset quality remained broadly stable with Gross Stage 3 (GS3) at 3.31% and Net Stage 3 (NS3) at 0.99%, while the cost of borrowing fell 16 basis points QoQ to 7.68%. The company also secured debut international investment grade ratings of BBB-/Positive from S&P and BBB-/Stable from Fitch, opening doors to global capital markets.
Positive for shareholders — the company achieved a Rs. 1 Lakh Crore book milestone, improved return ratios (RoA at 2.37%, up from 2.22% in Q4FY25), and earned its first international investment grade credit ratings, which should help diversify and lower funding costs. However, modest YoY PAT growth (2%) and slight uptick in NS3 (0.99% vs 0.79% YoY) suggest some margin and asset quality pressure to monitor.