L&T Finance Q3 results: Profit up 18% on healthy NII growth, retail traction

L&T Finance reported a healthy performance for the December quarter, with net profit rising 17.9% year-on-year to ₹738.6 crore, compared with ₹626.4 crore in the same period last year.

Net interest income

grew 13.4% to ₹2,537 crore from ₹2,237 crore a year ago, reflecting sustained momentum across its retail lending portfolio.

Retail disbursements for Q3 FY26 are estimated at ₹22,690 crore, marking a sharp 49% increase from ₹15,210 crore in the year-ago quarter. The growth was broad-based across rural, urban, small and medium enterprise, and farmer finance segments, the company said in its regulatory filing.

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

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

Shares of L&T Finance Ltd closed marginally higher at ₹296.25 on Friday, up 0.15%, ahead of the earnings announcement made after market hours.

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