L&T Finance Reports Record Profit and Crosses ₹1 Lakh Crore Retail Book in Q2 FY26

Mumbai, October 15: L&T Finance Limited (LTF) delivered its strongest quarterly performance yet, posting a record profit after tax (PAT) of ₹735 crore for Q2 FY26, marking a 5% sequential and 6% annual rise. The company’s retail loan book surpassed ₹1 lakh crore, touching ₹1,04,607 crore, up 18% year-on-year, reaffirming its transformation into a high-quality retail-focused financier under its Lakshya 2026 roadmap. Total disbursements surged to ₹18,883 crore, a 25% YoY jump, led by robust growth across personal loans, SME, home loans, and rural finance. The personal loan portfolio doubled to ₹10,878 crore, supported by digital partnerships, including a new tie-up with Google Pay for loan origination. Asset quality remained strong, with Gross Stage 3 at 3.29% and Net Stage 3 at 1.00%, reflecting prudent risk management. During the quarter, S&P Global Ratings upgraded LTF’s credit rating to BBB/Stable, while Fitch assigned BBB- (Stable), placing the NBFC at par with India’s sovereign rating — a boost to its global funding prospects. The company also launched the beta version of Project Nostradamus, an AI-driven portfolio monitoring system, and expanded the PLANET app, which crossed 2 crore downloads and ₹6,400 crore in collections. Managing Director & CEO Sudipta Roy said the quarter’s strong results underscore LTF’s execution focus and digital transformation momentum. With festive demand and GST 2.0 reforms expected to lift consumption, the company anticipates continued growth in the second half of FY26 ✅ Disclaimer: This update is for informational purposes only and not investment advice. 👉 Follow for more corporate updates.