L&T Finance Limited (LTF) — Financial Results | 20 July 2026

L&T Finance Limited reported a 29% YoY rise in net profit to ₹902 Cr for Q1FY27, driven by 27% YoY asset growth to ₹1,29,634 Cr and 36% YoY retail disbursement growth to ₹23,852 Cr. RoA improved to 2.48% (up 11 bps), while RoE reached 12.71% (up 185 bps). Credit cost moderated to 2.54% with 10 bps sequential improvement. Management highlighted progress on Lakshya 2031 targets, including 27% asset growth and 90% prime customer share in two-wheeler finance. AI-driven initiatives like Project Cyclops and Nostradamus are enhancing underwriting efficiency, with ₹102 Cr invested in AI infrastructure. Personal loan growth (16% yield) is accelerating via digital partnerships, though SME and Gold loan disbursements were cautiously reduced due to geopolitical risks. Rural portfolio resilience is supported by strong reservoir levels and industry deleveraging, with no material monsoon impact expected. NIMs+Fees remained stable at 10.47% despite 24 bps YoY compression, and cost of funds rose 3 bps to 7.2%. Credit cost guidance targets 2% to 2.2% by Q4FY27, with FY28 targets contingent on performance. The company emphasized disciplined growth, risk management, and long-term fee diversification through agentic commerce and prepaid payment monetization.