L&T Finance Q1FY26 profit rises 2.3% Y-o-Y to ₹701 crore, up 10% Q-o-Q

L&T Finance on July 19 reported a 2.3 per cent year-on-year (YoY) rise in consolidated net profit to ₹701.10 crore for the first quarter of FY26, compared to ₹685.51 crore in the same period last year. On a sequential basis, profit grew 10.2 per cent from ₹636.17 crore in Q4FY25.

 

Revenue from operations rose 13.4 per cent YoY to ₹3,914.50 crore in Q1FY26, up from ₹3,452.62 crore a year ago. Sequentially, revenue increased 4.4 per cent from ₹3,749.88 crore in the previous quarter.

 

“In a challenging quarter, our company remained focused on outcomes and achieved a resilient performance while showcasing our ability to manage market headwinds. This performance is on the back of our commitment to sourcing creditworthy customers backed by technology and robust credit guardrails, while keeping a strong focus on collection efficiency across businesses. Our impetus remains on risk-calibrated business growth with a sharp focus on a strong asset quality, laying the foundation for a sustainable and predictable growth going forward,” Sudipta Roy, managing director & chief executive officer of L&T Finance, said in a statement.

 

 

The company reported growth of 18 per cent YoY in retail disbursements to ₹17,522 crore for the June quarter. The increase was driven primarily by secured products such as farmer finance, home loans, and loans against property, while personal loans contributed to growth in the unsecured portfolio, the company added.

 

Segment performance 

• Rural business finance: Disbursements declined 3 per cent YoY to ₹5,618 crore; book size grew 3 per cent YoY to ₹26,616 crore.
• Farmer finance: Disbursements rose 16 per cent YoY to ₹2,200 crore; book size increased 11 per cent to ₹15,756 crore.
• Two-wheeler finance: Disbursements fell 19 per cent YoY to ₹2,128 crore; book size up 3 per cent to ₹12,331 crore.
• Personal loans: Disbursements surged 65 per cent YoY to ₹1,942 crore; book size jumped 41 per cent to ₹9,383 crore.
• Housing & loan against property: Disbursements grew 24 per cent YoY to ₹2,780 crore; book size rose 33 per cent to ₹26,464 crore.

• SME finance: Disbursements up 30 per cent YoY to ₹1,273 crore; book size up 56 per cent to ₹6,964 crore.

 

Shares of L&T Finance closed at ₹203.25 apiece on the BSE on Friday.