L&T Finance Q2 FY27 Results

L&T Finance Ltd. (LTF) posted a consolidated profit after tax (PAT) of Rs 975 crore for the quarter ended 30 September 2026 (Q2FY27), marking a 33% year‑on‑year increase. The company’s consolidated book value rose 28% YoY to Rs 1,36,635 crore, while the retail book reached Rs 1,34,600 crore, up 29% YoY. Retail disbursements for the quarter were Rs 24,027 crore, a 27% YoY rise, reflecting robust momentum across all segments.

Segment‑wise Performance

  • Rural Business Finance: Book size grew 22% YoY to Rs 33,465 crore (vs Rs 27,460 crore in Q2FY26); disbursements were Rs 6,356 crore, up 1% YoY.
  • Farmer Finance: Book size increased 9% YoY to Rs 17,397 crore; disbursements fell slightly to Rs 1,643 crore, down 1% YoY.
  • Two‑Wheeler Finance: Book size rose 24% YoY to Rs 16,158 crore; disbursements climbed to Rs 3,170 crore, a 26% YoY increase.
  • Personal Loans: Book size surged 72% YoY to Rs 18,664 crore; disbursements jumped 45% YoY to Rs 4,233 crore. LTF partnered with Pine Labs to launch Agentic Commerce and Payments on its PLANET app.
  • Housing Loans & Loan‑Against‑Property: Book size up 20% YoY to Rs 32,846 crore; disbursements rose 8% YoY to Rs 2,926 crore.
  • SME Finance: Book size expanded 27% YoY to Rs 9,495 crore; disbursements grew 24% YoY to Rs 1,820 crore.
  • Gold Finance: Book size exploded 242% YoY to Rs 5,043 crore; disbursements surged 229% YoY to Rs 3,237 crore. An integrated marketing campaign featuring brand ambassador Jasprit Bumrah was launched across eight states and one union territory, reaching customers through roughly 150 branches.

Technology and Digital Initiatives

The flagship PLANET app recorded over 2.7 crore downloads, now handling 94% of total service requests. It generated Rs 2,168 crore in collections and Rs 5,934 crore of business during the quarter. A dedicated rural interface with multilingual (including Hindi) support was introduced to improve accessibility for rural customers. The Partner PLANET app was rolled out for dealers, providing real‑time business metrics, retail performance insights, trade‑advance management and operational request tracking.

Management Commentary

Mr. Sudipta Roy, Managing Director & CEO, said the quarter demonstrated “strong delivery across all business parameters” and reinforced the company’s “Lakshya 2031” vision of becoming a risk‑first, technology‑first, AI‑native retail financial services institution. He highlighted resilience amid macro‑economic uncertainties, continued focus on high‑yielding verticals such as gold finance, micro‑loan against property, personal loans and two‑wheeler finance, and emphasized ongoing investments in AI‑driven credit administration, portfolio management and digital acquisition.

Ratings and Recognitions

L&T Finance holds an AAA rating from four domestic agencies and is rated BBB/Stable (long‑term) and A‑2 (short‑term) by S&P Global Ratings, and BBB‑/Stable by Fitch Ratings. The firm has also received ESG leadership scores and is certified as a Great Place To Work®.

---