L&T Finance Q3 retail disbursements up 49% YoY, loan book jumps 20%

L&T Finance on Monday announced a strong business update for the December quarter, reflecting continued traction in its retail-focused strategy. Retail disbursements for Q3 FY26 are estimated at ₹22,690

crore, marking a sharp 49% rise from ₹15,210 crore in the year-ago period.

The company’s retail loan book expanded to an estimated ₹1.11 lakh crore as of December 31, 2025, registering a year-on-year growth of about 21% from ₹92,224 crore.

Growth was broad-based across rural, urban, SME and farmer finance segments, according to the company’s regulatory filing.

Retailisation remained strong at 97% during the quarter, broadly in line with last year, underscoring the lender’s continued pivot away from wholesale exposures.

The company noted that the figures are provisional and subject to limited review by statutory auditors.

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Ahead of the announcement, shares of L&T Finance closed at ₹320.50 on the NSE, up 0.23%. The stock has had a standout year in 2025, rising 133%—its best annual performance since listing in 2011.