L&T Finance Ltd. Share Price

L&T FINANCE Quarterly Results Analysis Q2FY2027

Interest Earned for Q2FY27 is Rs. 5,158 Crs., 27.75% growth YoY, Net Interest Income is Rs. 3,187 Crs., 32.63% growth YoY, Total Income is Rs. 5,484 Crs., 26.49% growth YoY, Pre-Provisioning Operating Profit is Rs. 2,146 Crs., 31.39% growth YoY, PBT is Rs. 1,319 Crs., 33.37% growth YoY, Net profit is Rs. 973 Crs., 32.37% growth YoY (Highest Ever). On QoQ basis Interest Earned has achieved a growth of 5.37%, Net Interest Income has grown by 8.98%, Total Income has grown by 4.59%, Pre-Provisioning Operating Profit has grown by 6.97%, PBT also grown by 6.68%, PAT is also grown by 6.2%. For Q2FY27 Gross NPA 2.75% vs 3.29% in Q2FY26, Net NPA 0.85% vs 1.00% in Q2FY26. Return on Assets is 2.60% improved marginally by 19 BPS YoY, return on Equity is 13.56% improved by 223 BPS YoY, Net Interest Margin, fee is 10.48% improved by 26 BPS YoY. L&T Finance (LTF) reported its highest-ever consolidated book growth to ₹1,36,635 cr. 27.58% growth YoY. consistently strong, profitable and quality-led growth,” driven by retail disbursements (₹24,027 cr, +27% YoY), stable NIM+fees at 10.48%, and credit-cost moderation to 2.46% (down 8 bps QoQ), while continuing to invest in distribution and AI. IRDAI commission changes: management preparing “plan B” but awaiting final rules; admits impact cannot be sized yet.

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L&T Finance Falls Despite Record 32% Profit Growth

L&T Finance shares closed 3.11% lower at Rs 253.85 on Friday, after falling as much as 6% intraday, even as the lender reported a record September quarter profit up about 32%, a reminder that strong numbers do not always protect a stock. Consolidated net profit rose 32.4% to Rs 973 crore from Rs 735 crore a year earlier. The total loan book grew 28% to Rs 1.36 lakh crore, with the retail book up 29% to about Rs 1.35 lakh crore, ahead of the company’s 20% growth target. Retail disbursements rose 27% to about Rs 24,000 crore, and net interest income grew 32.6% to Rs 3,187 crore. Asset quality improved, with gross stage 3 assets at about 2.7%, down from 2.86% in June, and credit cost easing to 2.46% from 2.54%. Return on assets rose to 2.60% from 2.41%. A stock falling after a strong print usually means expectations ran ahead of the numbers, or investors are focused on something beyond profit, such as margins, credit costs or valuation. No single cause has been confirmed, and shares recovered part of the early fall. For a retail-focused lender, the key tests are whether growth near 28% can be sustained and whether credit costs, still above 2%, keep falling. The stock has ranged between Rs 234.90 and Rs 338.60 over the past 52 weeks, with a market cap of around Rs 63,625 crore, closer to its low than its high. After Friday’s fall, the focus shifts to whether growth and asset quality justify a stronger rerating. Disclosure: Palash Kag, Proprietor, Sarathi Research (SEBI Reg. No. INH000012740). No position held in L&T Finance. This article is for educational and informational purposes only and does not constitute investment advice or a recommendation to buy, sell, or hold any security. Please consult a registered advisor before making investment decisions.

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L&T Finance raises ₹800 crore via debentures at 8.57% coupon

L&T Finance Limited

has raised ₹800 crore through a private placement of 80,000 non-convertible debentures. The instruments carry a face value of ₹1 lakh each and offer a fixed annual coupon of 8.57%. This allotment marks the third debt market issuance for the lender in recent months, following a ₹500 crore issue in September 2026 and a ₹1,500 crore issuance in June 2026. The proceeds add long-term capital to fund disbursements across retail loan books without diluting equity. From a credit perspective: Securing funds at 8.57% locks in predictable liability costs. For a wholesale borrower expanding retail assets, long-term fixed borrowings limit asset-liability mismatches and protect net interest margins against yield curve shifts. Institutional demand for the paper also shows steady wholesale appetite for high-rated non-banking financial company liabilities. At the same time, debt funding does not alter near-term equity earnings trajectories on its own. While the capital provides liquidity, profitability depends entirely on deployment yields and asset quality trends across rural and urban portfolios. What I am watching : Net interest margin numbers and retail disbursement growth in the upcoming quarterly results. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.

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L&T Finance Sees Strong Retail Growth, Gold Loans Surge

L&T Finance Ltd

reported a strong operating performance, supported by healthy momentum across its retail lending businesses. Retail disbursements grew 27% year-on-year (YoY) to approximately ₹24,000 crore, reflecting robust credit demand and continued execution of the company’s retail-focused strategy. The retail loan book expanded at an even faster pace of 29% YoY to around ₹1.35 lakh crore, strengthening the company’s position in the retail lending market. Among key business segments, Urban Finance maintained solid momentum, with disbursements increasing 27% YoY to ₹10,320 crore. SME Finance also delivered healthy growth, recording a 24% YoY rise in disbursements to ₹1,820 crore, indicating sustained financing demand from small and medium enterprises. The standout performance came from Gold Finance, where disbursements surged 229% YoY to ₹3,230 crore. This sharp increase highlights the rapid scaling of L&T Finance’s gold loan franchise and could make the segment an increasingly meaningful contributor to overall retail growth. Another important positive was the continued improvement in the company’s retailisation strategy. Retail loans now constitute 99% of the overall loan book, compared with 98% in the corresponding period. The combination of strong disbursement growth, a 29% expansion in the retail loan book and increasing diversification across Urban, SME and Gold Finance indicates healthy business momentum. Going forward, asset quality, credit costs, margins and the sustainability of the exceptionally high growth in Gold Finance will be important factors to track alongside loan growth.

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L&T Finance: record ₹902 cr profit at 2.8 times book

L&T Finance Limited (NSE: LTF) posted its highest ever quarterly profit of ₹902 crore in Q1 FY27, up 29%. The loan book grew 27% to ₹1,29,634 crore. What happened Retail disbursements rose 36% to ₹23,852 crore. The retail book grew 28% to ₹1,27,535 crore and is now 98% of all lending. Return on assets improved to 2.48% and return on equity to 12.71%, from 10.86%. Gross Stage 3 assets fell to 2.86% from 3.31%. Net interest margin plus fees stood at 10.47%. Why it matters This is real growth, not an accounting recovery. Disbursements, book and profit are all rising together. Within that, personal loan disbursements jumped 126% to ₹4,380 crore and the gold loan book grew 182% to ₹3,829 crore. My view Look at where the growth is coming from. A margin plus fee yield of 10.47% is not earned on tractor loans alone. It comes from personal loans, gold and two wheelers. Those products pay well while the cycle is kind, and they are also the first to crack when rural cash flows tighten. The bad loans from a book that grew 126% do not appear in the same year they were written. Now the price. At ₹309, the stock trades at about 2.8 times book and 24 times earnings, with return on equity still at 12.7%. You are paying a premium multiple for a return that is not yet premium. The gap closes only if return on equity moves towards 15%, which is what the Lakshya 2031 plan targets. What I am watching Q2 FY27 results, due in October, credit costs in personal loans and gold, and return on equity crossing 13.5%. On the chart, ₹338 is the 52-week high and ₹280 is the first support. My stance: Hold. Accumulate near ₹280. The growth is real, the price assumes it stays clean. Disclosure: I do not hold a position in L&T Finance Limited at the time of writing. This is not investment advice.

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Larsen & Toubro (L&T) continues to demonstrate robust order

Larsen & Toubro (L&T) continues to demonstrate robust order inflow momentum, securing a major domestic offshore contract from ONGC that reinforces the company's long-term revenue visibility. Contract Specifications: ONGC Offshore Development Order Value: Classified as a "Large" order, valued between ₹2,500 crore and ₹5,000 crore. Project Scope: Additional development of the Ratna–I (ADR I) and NLM-14 projects off India's west coast. Execution Mandate: Comprehensive Engineering, Procurement, Construction, Installation, and Commissioning (EPCIC) for three new well-head platforms, one riser platform, multiple subsea pipeline segments, and critical brownfield modifications. Strategic Impact: The infrastructure upgrades directly support ONGC's mandate to enhance offshore production capabilities and maximize long-term regional asset yields. Broader Financial & Strategic Context Compounding Order Book: This domestic win closely follows the August 24th announcement of an "Ultra-Mega" order (valued at >₹15,000 crore) secured by LTEH Onshore for a West Asian gas compression project. This dual momentum highlights L&T's capacity to simultaneously capture both domestic and international large-scale capex cycles. Earnings & Forward Guidance: While Q1 EBITDA marginally missed street estimates, the sustained positive surprise in total order inflows provides a strong buffer for future margins. Management has confidently maintained its overarching financial guidance for FY27. Market Reaction: L&T shares responded positively to the development, holding a 0.6% gain at ₹3,971.9. The strong, continuous contracting pipeline offers a compelling fundamental narrative to offset the stock's modest 4% YTD contraction in 2026.

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