L&T Finance Q1FY27 earnings call: PAT up 29% YoY at Rs 902 Cr

Q1FY27 PAT hit record Rs 902 Cr, up 29% YoY. Book at Rs 1.29 lakh Cr grew 27% YoY. RoA at 2.48 percent, RoE at 12.71 percent. Credit cost moderated to 2.54 percent (down 10 bps QoQ). NIMs plus Fees stable at 10.47 percent. Lakshya 2031 targets reiterated: 20 percent plus book CAGR, credit cost to 2 percent or less, RoA 3.0 to 3.2 percent, RoE 16 to 18 percent by FY31. Committed to 2.8 percent RoA by Q4FY27. Personal Loans surged 126 percent YoY. Firm purposely skipped Rs 1,000 to 1,200 Cr in disbursements to protect quality. CFO guides WACB up 4 to 5 bps in FY27.