L&T Finance Q3FY26 PAT Rises 21% YoY to ₹760 Crore on Record Retail Disbursements
L&T Finance reported Q3FY26 core PAT of ₹760 Crore, up 21% YoY. Retail disbursements hit a record ₹22,701 Crore, up 49% YoY. Retail portfolio grew 21% YoY to ₹1,11,990 Crore. Consolidated loan book increased 20% YoY to ₹1,14,285 Crore.
The announcement details significant year-on-year growth in key financial metrics like PAT and disbursements, along with record highs in several areas, which is material information for investors.
The company reported record high PAT and disbursements, along with improved asset quality and a growing loan book, indicating strong financial performance and positive business momentum.
L&T Finance Limited (LTF) announced its unaudited financial results for the quarter and nine months ended December 31, 2025 (Q3FY26). The company recorded its highest ever core Profit After Tax (PAT) of ₹760 Crore (before one-time impact of New Labour Code provision), representing a 21% year-on-year (YoY) increase. After accounting for the one-time impact of ₹29 Crore due to the New Labour Code, the PAT stood at ₹739 Crore, up 18% YoY.
Quarterly retail disbursements reached an all-time high of ₹22,701 Crore, a significant 49% YoY growth. The retail portfolio expanded by 21% YoY to ₹1,11,990 Crore, contributing 98% to the overall book. The consolidated loan book grew by 20% YoY to ₹1,14,285 Crore.
Key business segments also showed strong performance. Two-Wheeler Finance and Farmer Finance achieved their highest ever disbursements at ₹3,217 Crore (up 33% YoY) and ₹2,783 Crore (up 12% YoY), respectively. Net Interest Margins (NIMs) plus Fees improved sequentially by 19 basis points (bps) QoQ to 10.41%.
Asset quality saw improvement, with Gross Stage 3 (GS3) reducing to 3.19% and Net Stage 3 (NS3) to 0.92%. Credit cost also decreased sequentially by 15 bps to 2.83%. Return on Assets (RoA) stood at 2.31% (before exceptional items).
Mr. Sudipta Roy, Managing Director & CEO, LTF, highlighted the favorable macro-tailwinds and the company's focus on delivering a standout performance. He emphasized the transformation into a risk-first, tech-first, multi-product retail financier, driven by digital initiatives like 'Project Cyclops', 'Project Nostradamus', and 'Project Helios'.
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