L&T Finance Q2FY27 PAT Surges 33% to ₹975 Crore, Retail Book Grows 29%
L&T Finance reported a 33% YoY increase in Q2FY27 consolidated PAT to ₹975 Crore. Consolidated book grew 28% YoY to ₹1,36,635 Crore. Retail disbursements rose 27% YoY to ₹24,027 Crore, with the retail book up 29% YoY. RoA improved to 2.60%. The company is advancing its AI-native strategy under Lakshya 2031.
The announcement details strong financial performance, including record profits and significant growth in key business segments, which are material to investors and the company's market position.
The company reported record high consolidated PAT and book value, with significant year-on-year growth across key financial and business metrics, along with improvements in asset quality and RoA. Management commentary also expresses confidence in future growth and strategic execution.
L&T Finance Limited (LTF) announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company recorded a consolidated Profit After Tax (PAT) of ₹975 Crore for Q2FY27, a significant increase of 33% year-on-year, and achieved its highest ever consolidated book value of ₹1,36,635 Crore, up 28% year-on-year.
Retail disbursements for the quarter were robust at ₹24,027 Crore, marking a 27% year-on-year growth, indicating sustained business momentum. The company's retail book grew by 29% year-on-year to ₹1,34,600 Crore. LTF also saw an improvement in Net Interest Margins (NIMs) plus Fees, which rose to 10.48% from 10.22% in the previous year. Asset quality improved, with Gross Stage 3 (GS3) at 2.75% and Net Stage 3 (NS3) at 0.85%. Return on Assets (RoA) improved to 2.60% from 2.41% year-on-year.
The company has made significant strides in its Lakshya 2031 strategy, aiming to transition into an AI-native retail financial services institution. This includes accelerating technology deployment and leveraging AI for credit decision-making and operational efficiency. The PLANET app, a core digital engine, surpassed 2.7 crore downloads and handles 94% of service requests. The Partner PLANET app strengthens engagement with the dealer network.
Mr. Sudipta Roy, Managing Director & CEO, LTF, commented that Q2FY27 was a strong quarter, reflecting the strength of their diversified retail franchise and disciplined execution. He highlighted the company's ability to navigate macroeconomic uncertainties and seasonal headwinds while expanding key focus verticals. Investments in AI, distribution, and risk management are expected to drive profitable growth and improve returns.
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