Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting comprising approval of unaudited financial results, director appointment, and promoter group reclassification
Date of Board Meeting / Approval: July 10, 2026 (commenced at 1:50 p.m., concluded at 5:38 p.m.)
Audit Opinion: Unmodified (clean) review report from joint statutory auditors
Auditor's Comment: No material misstatements found; financial results prepared in accordance with Ind AS 34 and RBI guidelines
Key Financial Highlights [₹ in crores]
Consolidated Results:
Revenue from Operations: ₹5,212.92 crore (up 9.3% QoQ from ₹4,771.03 crore in Q4 FY26; up 22.4% YoY from ₹4,259.57 crore in Q1 FY26)
- Interest income: ₹4,894.91 crore
- Fees and commission income: ₹318.01 crore
- Dividend income: ₹0.00 crore
- Net gain on fair value changes: ₹0.00 crore
Total Income: ₹5,243.31 crore (up 23.1% YoY from ₹4,259.60 crore)
Other Income: ₹30.39 crore
Expenses: ₹4,007.03 crore
- Finance costs: ₹1,970.07 crore
- Net loss on fair value changes: ₹53.89 crore
- Net loss on derecognition of financial instruments: ₹133.61 crore
- Impairment on financial instruments: ₹582.64 crore
- Employee benefits expense: ₹697.67 crore
- Depreciation, amortization and impairment: ₹62.68 crore
- Other expenses: ₹506.47 crore
Profit before exceptional items and tax: ₹1,236.28 crore
Exceptional items: ₹0.00 crore (Previous year: ₹28.51 crore net of tax related to New Labour Codes implementation)
Profit before tax: ₹1,236.28 crore
Tax expense: ₹320.29 crore
- Current tax: ₹402.06 crore
- Deferred tax: (₹81.77) crore
Profit after tax: ₹915.99 crore (up 13.2% YoY from ₹809.16 crore)
Share in profit of associate company and joint ventures: ₹0.00 crore
Profit after tax and share in profit of associate company: ₹915.99 crore
Attribution of profit:
- Owners of the company: ₹902.47 crore
- Non-controlling interest: ₹13.52 crore
Other comprehensive income: (₹0.95) crore
Total comprehensive income: ₹915.04 crore
*Earnings per share (not annualized):**
- Basic: ₹3.60
- Diluted: ₹3.59
Other Equity: ₹25,479.14 crore (as referenced from previous year)
Paid-up equity share capital: ₹2,504.39 crore (face value ₹10 each)
Standalone Results:
Total Income: ₹5,243.49 crore
Profit before tax: ₹1,213.17 crore
Profit after tax: ₹895.32 crore
Total comprehensive income: ₹894.37 crore
*Earnings per share (not annualized):**
- Basic: ₹3.57
- Diluted: ₹3.57
Segment-wise Performance:
The group is engaged primarily in the business of financing and accordingly, there are no separate reportable segments as per Ind AS 108 "Operating Segments".
Corporate Actions:
Dividend: Not declared
Share allotment: The Company allotted 11,20,183 equity shares of ₹10 each, fully paid up, on exercise of options by employees in accordance with the Company's Employee Stock Option Scheme(s)
Other Significant Information:
Exceptional Items: Previous year ended March 31, 2026 included exceptional items of ₹28.51 crore (net of tax ₹21.33 crore) relating to the impact of implementing New Labour Codes, resulting in one-time material increase in provision for employee benefit expenses
Co-Lending Arrangements: As of June 30, 2026, the Company had 1 co-lending arrangement in personal loan segment with 1,62,758 outstanding cases amounting to ₹2,103.08 crore gross outstanding at weighted average interest rate of 12.10%
Project Finance: The Company had 4 projects under implementation accounts with total outstanding of ₹893.22 crore, of which 2 accounts (₹519.34 crore) were under resolution process involving extension in DCCO
Entities in Consolidation: The consolidated results include L&T Finance Limited (Parent), L&T Financial Consultants Limited, L&T Infra Investment Partners Trustee Private Limited, L&T Infra Investment Partners Advisory Private Limited, and L&T Infra Investment Partners