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What is the story about?
L&T Finance Ltd
reported its highest-ever quarterly consolidated profit for the June quarter, with net profit rising 28.7% year-on-year to ₹902 crore, driven by strong retail loan growth, healthy disbursements and improving asset quality.
Total revenue increased 25% to ₹4,894.9 crore, while net interest income (NII) climbed 28.4% to ₹2,924.8 crore.
The company also reported its highest-ever consolidated loan book of ₹1.29 lakh crore, up 27% from a year ago, while its retail loan book expanded 28% to ₹1.28 lakh crore, exceeding its Lakshya 2031 growth target of over 20%. Retail disbursements surged 36% year-on-year to ₹23,852 crore, led by broad-based growth across rural and urban lending segments.
Asset quality continued to improve during the quarter, with Gross Stage 3 assets declining to 2.86% from 3.31% a year earlier, while Net Stage 3 improved to 0.90% from 0.99%. Credit cost also eased to 2.54%, reflecting tighter underwriting standards, stronger collections and greater adoption of AI-led risk management.
Among business segments, personal loan disbursements more than doubled, rising 126% year-on-year to ₹4,380 crore, while gold loan assets grew 182% to ₹3,829 crore following the acquisition of the business last year.
Two-wheeler finance disbursements rose 41%, and rural business finance disbursements increased 24%, highlighting broad-based momentum across the retail portfolio.
Commenting on the performance, Managing Director and CEO Sudipta Roy said the company remained focused on disciplined execution despite an evolving macroeconomic environment marked by geopolitical uncertainties, inflationary pressures and elevated borrowing costs.
He added that L&T Finance's investments in technology and artificial intelligence continued to strengthen credit selection, improve customer experience and enhance operating efficiencies as it progresses towards becoming an AI-native financial services institution.
Ahead of the earnings announcement, shares of L&T Finance Ltd closed 0.44% higher at ₹322.50 on the NSE.
Total revenue increased 25% to ₹4,894.9 crore, while net interest income (NII) climbed 28.4% to ₹2,924.8 crore.
The company also reported its highest-ever consolidated loan book of ₹1.29 lakh crore, up 27% from a year ago, while its retail loan book expanded 28% to ₹1.28 lakh crore, exceeding its Lakshya 2031 growth target of over 20%. Retail disbursements surged 36% year-on-year to ₹23,852 crore, led by broad-based growth across rural and urban lending segments.
Asset quality continued to improve during the quarter, with Gross Stage 3 assets declining to 2.86% from 3.31% a year earlier, while Net Stage 3 improved to 0.90% from 0.99%. Credit cost also eased to 2.54%, reflecting tighter underwriting standards, stronger collections and greater adoption of AI-led risk management.
Among business segments, personal loan disbursements more than doubled, rising 126% year-on-year to ₹4,380 crore, while gold loan assets grew 182% to ₹3,829 crore following the acquisition of the business last year.
Two-wheeler finance disbursements rose 41%, and rural business finance disbursements increased 24%, highlighting broad-based momentum across the retail portfolio.
Commenting on the performance, Managing Director and CEO Sudipta Roy said the company remained focused on disciplined execution despite an evolving macroeconomic environment marked by geopolitical uncertainties, inflationary pressures and elevated borrowing costs.
He added that L&T Finance's investments in technology and artificial intelligence continued to strengthen credit selection, improve customer experience and enhance operating efficiencies as it progresses towards becoming an AI-native financial services institution.
Ahead of the earnings announcement, shares of L&T Finance Ltd closed 0.44% higher at ₹322.50 on the NSE.
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