L&T Finance Ltd

Business Overview

• Retail NBFC focusing on rural and urban lending; Lakshya 2031 strategy underway.

Operational Highlights

• Disbursements ₹24,027 Cr; Book ₹1,36,635 Cr; strong YoY growth.

Financial Performance

• Total Income ₹3,512 Cr; PAT ₹975 Cr; NIM+Fees 10.48%; RoA 2.60%; RoE 13.56%.

Capital Structure & Liquidity

• AAA domestic ratings; diversified funding; WACB 6.95%; positive liquidity gap.

Strategic Priorities & Outlook

• Lakshya 2031 targets 20%+ book growth; credit cost <2%; RoE 16–18%.

Risks & Mitigation

• Delinquency improved; ALM strategies; asset-quality indicators monitored.

Governance & Leadership

• MD & CEO Sudipta Roy; strong independent directors; backing from L&T.

Overview

• Record consolidated PAT of Rs 975 crore for Q2FY27.
• Consolidated book size rose 28% YoY to Rs 1,36,635 crore.
• Retail disbursements rose 27% YoY to Rs 24,027 crore.

Key metrics

• Retail book grew 29% YoY to Rs 1,34,600 crore.
• NIM + Fees improved to 10.48% in Q2FY27.
• GS3 and NS3 stood at 2.75% and 0.85% respectively.

Asset quality & profitability

• RoA at 2.60%, RoE at 13.56% for Q2FY27.
• Credit cost declined to 2.46%; sequential drop of 8 bps.

Strategy & operations

• Lakshya 2031 progress; AI-native retail lender focus; AI-led risk management.
• PLANET app surpassed 2.7 crore downloads; services 94% of requests.

Growth drivers

• Gold Finance book up 242% YoY to Rs 5,043 crore; 502 branches.
• Personal loans disbursements up 45% YoY to Rs 4,233 crore.

Consolidated quarterly performance

• Consolidated total income for Q2 2026: ₹5,484.23 cr; PAT ₹968.25 cr.
• Six months ended Sep 30, 2026: total income ₹10,727.54 cr; PAT ₹1,863.57 cr.
• Quarterly basic EPS ₹3.86; six-month basic EPS ₹7.44.

Leverage & profitability metrics

• Consolidated debt-equity ratio at Sep 30, 2026: 4.21; six-month ratio: 4.24.
• Net worth (consolidated) ₹29,267.07 cr; Net profit margin 17.61% (six months).
• Liquidity coverage ratio 184%; total debts to assets 0.78.

Key Update

• Allotted 52 subordinated unsecured NCDs on private placement for Rs 52 crore.
• Face value Rs 1 crore each; aggregate Rs 52 crore; for Tier II capital.
• Allotment date Sep 29, 2026; dematerialised form for cash.
• Debentures proposed to be listed on NSE's NTRP.
• Coupon rate 8.20% p.a.; first coupon on July 1, 2027; annually thereafter.
• Maturity July 1, 2036; redemption Rs 1 crore per NCD.
• Default interest 2% p.a. over coupon for late payments.

L&T Finance Limited closes trading window from October 01, 2026 till 48 hours after the unaudited financial results for the quarter ending September 30, 2026 are approved by the Board and filed with stock exchanges

Meeting Details

• Sept 25, 2026 — Citi India Financials Investor Forum (Group); virtual.

Participants

• Key company participants from management not disclosed.

Purpose

• Schedule institutional investor/analyst meetings.

Additional Notes

• Presentations will be available on company and stock-exchange websites.

ESG rating details

• ESG rating of 79.15 (Leader) awarded by Niche Ninety Nine to L&T Finance Ltd.
• Rating is from a SEBI-registered ESG Rating Provider, Category II, Niche Ninety Nine.
• Rating sighted on Niche Ninety Nine and stock exchanges on Sept 17, 2026, 6:51 p.m.
• Niche Ninety Nine is SEBI-registered ESG provider, categorized as Category II, OPC Private Limited.
• Issuer: L&T Finance Limited.

Key Update

• 65,000 senior, secured NCDs allotted on private placement; aggregate value Rs 650 crore.
• Allotment date: September 18, 2026; face value Rs 1,00,000 per NCD.
• Coupon rate 7.8384% p.a.; next coupon due September 28, 2027.
• Maturity/redemption date: September 28, 2029; redemption price Rs 1,00,000 per NCD.
• Listing on NSE NTRP under New Debt Market; listing expected.
• Security: first-ranking charge over fixed deposits and receivables up to 1x principal plus interest.
• Default interest: 2% p.a. over coupon for payment default.
• Original tenor 1179 days; residual tenor 1106 days.

Meeting Details

• Sept 21, 2026 — JP Morgan Conference (group/1-on-1), Mumbai, in person.
• Sept 28, 2026 — Nuvama CEO Round Table (group/1-on-1), Mumbai, in person.

Participants

• Key company participants: not disclosed.

Purpose

• Purpose: investor meetings with institutional investors/analysts.

Additional Notes

• Presentations will be made available on the company's and stock exchange websites.