L&T Finance Q1 Results: Net profit rises 10% QoQ to Rs 701 crore, retail book up 18% YoY
Retail disbursements stood at ₹17,522 crore for the quarter, up 18% from last year, led by growth in Farmer Finance, Home Loans, LAP, and Gold Loans. On the unsecured side, Personal Loans continued to gain traction.
Retailisation reached 98%, surpassing LTF's Lakshya 2026 target. Meanwhile, the company successfully integrated its recently acquired Gold Loan portfolio and launched 'Project Cyclops' for SME Finance.
Asset quality remained stable with Gross Stage 3 at 3.31% and Net Stage 3 at 0.99%. Credit cost dropped to 2.23%, even after provisioning ₹300 crore in Rural Business Finance. Return on Assets improved to 2.37% from 2.22% in the previous quarter.
The company also saw a 16 bps sequential drop in the Weighted Average Cost of Borrowing to 7.68%. Net Interest Margin plus fees came in at 10.22%, while Return on Equity stood at 10.86%.
With strong digital capabilities and a diversified retail portfolio, L&T Finance continues to build a resilient, high-quality consumer lending franchise in line with its Lakshya 2026 vision.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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