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Business Standard
18-07-2025
- Business
- Business Standard
L&T Finance net profit rises 2% in Q1FY26, margins and fees moderate
L&T Finance Ltd (LTF) posted a mere two per cent year-on-year (Y-o-Y) growth in consolidated net profit at Rs 701 crore in the first quarter ended June 2024 (Q1FY26) amid moderation in its net interest margins (NIM) and fees. Its net profit was Rs 686 crore in Q1 of the previous year. LTF, the lending unit of engineering conglomerate Larsen and Toubro Ltd, posted a six per cent Y-o-Y growth in consolidated total income at Rs 2,548 crore in Q1FY26. Its NIM plus fees and other income declined to 10.22 per cent in Q1FY26 from 11.08 per cent in Q1FY25, LTF said in a statement. The consolidated loan book size grew by 15 per cent Y-o-Y to Rs 1.02 trillion at the end of June 2025 from Rs 88,717 crore a year ago. It added a secured high yield product (gold loans) to its loan portfolio in Q1Fy26. The 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, he added. Elaborating on segment-wise performance, the company said the disbursement in rural business finance was Rs 5,618 crore in Q1FY26, down three per cent. The outstanding book saw three per cent growth at Rs 26,616 crore at the end of June 2025. In the farmer finance business, the disbursements were up 16 per cent to Rs 2,200 crore in Q1FY26. The outstanding book also grew by 11 per cent to Rs 15,756 crore in Q1FY26 from Rs 14,204 crore a year ago, LTF said. In the housing finance and loans against property (LAP) segment, the disbursements were up 24 per cent to Rs 2,780 crore in Q1FY26 from Rs 2,245 crore in Q1FY24. The outstanding loan book grew 33 per cent to Rs 26,464 crore.
The Hindu
18-07-2025
- Business
- The Hindu
L&T Finance Q1 net profit rises 2% to ₹701 crore
L&T Finance Ltd. for the first quarter ended June 30, 2025 reported consolidated net profit of ₹701 crore as compared with ₹686 crore in the year ago period, up 2%. The consolidated book size at ₹1,02,314 crore grew 15% YoY. Net Interest Margin and Fees grew 10.22% as compared with 11.08% in the year ago period. Sudipta Roy, Managing Director & CEO, LTF said, '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,' he stated. '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,' he said. 'In the quarter, we achieved the highest-ever consolidated book of over ₹1 lakh crore milestone and PUBLIC added a secured high yield product to our loan Gold Loan portfolio,' he said. 'Our AI-driven next-gen digital credit engine, 'Project Cyclops' is starting to yield early dividends in our Two-wheeler finance business, and during the quarter, 'Project Cyclops' was scaled up in Farm business and launched in the SME finance business,' he added.
Business Upturn
18-07-2025
- Business
- Business Upturn
L&T Finance Q1 Results: Net profit rises 10% QoQ to Rs 701 crore, retail book up 18% YoY
L&T Finance Ltd. (LTF) kicked off FY26 on a strong note, reporting a consolidated Profit After Tax (PAT) of ₹701 crore for Q1—up 10% quarter-on-quarter and 2% year-on-year. The company also posted its highest-ever consolidated book at ₹1,02,314 crore, driven by a retail book of ₹99,816 crore, which rose 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. Ahmedabad Plane Crash 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
Business Standard
08-07-2025
- Business
- Business Standard
L & T Finance Ltd. Launches a Comprehensive Financial Awareness Drive
NewsVoir Mumbai (Maharashtra) [India], July 8: L & T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in the country, has launched a comprehensive financial awareness drive aimed at empowering diverse communities across India. The initiative will deliver vital information to a wide spectrum of target groups, ensuring that diverse populations have the knowledge and tools to navigate financial decisions confidently and securely. LTF will specifically focus on reaching and benefiting rural women, senior citizens, both rural and urban youth, self-employed individuals, salaried professionals, and students with this initiative. The campaign will address a broad range of essential financial topics, providing practical guidance and promoting responsible financial behaviour. Key themes include RBI-mandated customer rights, account operation guidelines, and loan management education amongst others. Furthermore, the Company will promote essential aspects such as safeguarding digital banking and online transactions, especially in rural communities, and combating digital fraud. Mr. Raju Dodti, Chief Operating Officer at LTF, said, "At L & T Finance Ltd., we recognise the critical importance of financial literacy in empowering individuals and building a financially secure society. This initiative reflects our commitment to providing accessible and practical knowledge across diverse communities, enabling them to navigate the evolving financial landscape with confidence and resilience. By leveraging a multi-channel approach and engaging content, we aim to reach out to about 6.5 Crore individuals so they can make informed decisions and protect themselves from frauds." To maximise the reach and effectiveness of the initiative, LTF will employ a strategic multi-channel approach, integrating owned and digital platforms with community engagement. This will involve establishing a dedicated online page for financial literacy on the corporate website, deploying timely awareness campaigns through push and in-app notifications, engaging diverse audiences through targeted and interactive social media content, delivering concise and actionable information directly to customers via SMS and WhatsApp messaging, and expanding reach and impact through on-the-ground activations facilitated by the Digital Sakhi program, ensuring information reaches even the most remote communities. In addition, the Company will effectively utilise LTF's established risk awareness mascot, 'Sachet Kumar,' and its widely recognised campaign tagline, 'Jaankar Baniye Savdhaan Rahiye,' to deliver crucial messages on financial fraud prevention in a memorable and impactful way. LTF will also employ visually engaging comic strips to illustrate complex fraud scenarios and prevention techniques in an easy-to-understand format; publishing informative articles that provide detailed explanations of specific financial topics, offering valuable resources for those seeking deeper knowledge; and developing dynamic and informative videos to enhance understanding of complex financial concepts through clear visuals and concise explanations. L & T Finance Ltd. (LTF) ( ) formerly known as L & T Finance Holdings Ltd., (LTFH) is a leading Non-Banking Financial Company (NBFC), offering a range of financial products and services. Headquartered in Mumbai, the Company has been rated 'AAA' -- the highest credit rating for NBFCs -- by four leading rating agencies. It has also received leadership scores and ratings by global and national Environmental, Social, and Governance (ESG) rating providers for its sustainability performance. The Company has been certified as a Great Place To Work® and has also won many prestigious awards for its flagship CSR project - "Digital Sakhi"- which focuses on women's empowerment and digital and financial inclusion. Under Right to Win, being in the 'right businesses' has helped the Company become one of the leading financiers in key Retail products. The Company is focused on creating a top-class, digitally enabled, Retail finance company as part of the Lakshya 2026 plan. The goal is to move the emphasis from product focus to customer focus and establish a robust Retail portfolio with quality assets, thus creating a Fintech@Scale while keeping ESG at the core. Fintech@Scale is one of the pillars of the Company's strategic roadmap - Lakshya 2026. The Company has around 2.6 Crore customer database, which is being leveraged to cross-sell, up-sell, and identify new customers.
The Wire
08-07-2025
- Business
- The Wire
L&T Finance Ltd. Launches a Comprehensive Financial Awareness Drive
Mumbai, Maharashtra, India (NewsVoir) L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in the country, has launched a comprehensive financial awareness drive aimed at empowering diverse communities across India. The initiative will deliver vital information to a wide spectrum of target groups, ensuring that diverse populations have the knowledge and tools to navigate financial decisions confidently and securely. LTF will specifically focus on reaching and benefiting rural women, senior citizens, both rural and urban youth, self-employed individuals, salaried professionals, and students with this initiative. The campaign will address a broad range of essential financial topics, providing practical guidance and promoting responsible financial behaviour. Key themes include RBI-mandated customer rights, account operation guidelines, and loan management education amongst others. Furthermore, the Company will promote essential aspects such as safeguarding digital banking and online transactions, especially in rural communities, and combating digital fraud. Mr. Raju Dodti, Chief Operating Officer at LTF, said, "At L&T Finance Ltd., we recognise the critical importance of financial literacy in empowering individuals and building a financially secure society. This initiative reflects our commitment to providing accessible and practical knowledge across diverse communities, enabling them to navigate the evolving financial landscape with confidence and resilience. By leveraging a multi-channel approach and engaging content, we aim to reach out to about 6.5 Crore individuals so they can make informed decisions and protect themselves from frauds.' To maximise the reach and effectiveness of the initiative, LTF will employ a strategic multi-channel approach, integrating owned and digital platforms with community engagement. This will involve establishing a dedicated online page for financial literacy on the corporate website, deploying timely awareness campaigns through push and in-app notifications, engaging diverse audiences through targeted and interactive social media content, delivering concise and actionable information directly to customers via SMS and WhatsApp messaging, and expanding reach and impact through on-the-ground activations facilitated by the Digital Sakhi program, ensuring information reaches even the most remote communities. In addition, the Company will effectively utilise LTF's established risk awareness mascot, 'Sachet Kumar,' and its widely recognised campaign tagline, 'Jaankar Baniye Savdhaan Rahiye,' to deliver crucial messages on financial fraud prevention in a memorable and impactful way. LTF will also employ visually engaging comic strips to illustrate complex fraud scenarios and prevention techniques in an easy-to-understand format; publishing informative articles that provide detailed explanations of specific financial topics, offering valuable resources for those seeking deeper knowledge; and developing dynamic and informative videos to enhance understanding of complex financial concepts through clear visuals and concise explanations. About L&T Finance Ltd. (LTF) L&T Finance Ltd. (LTF) ( ) formerly known as L&T Finance Holdings Ltd., (LTFH) is a leading Non-Banking Financial Company (NBFC), offering a range of financial products and services. Headquartered in Mumbai, the Company has been rated 'AAA' — the highest credit rating for NBFCs — by four leading rating agencies. It has also received leadership scores and ratings by global and national Environmental, Social, and Governance (ESG) rating providers for its sustainability performance. The Company has been certified as a Great Place To Work® and has also won many prestigious awards for its flagship CSR project – 'Digital Sakhi'- which focuses on women's empowerment and digital and financial inclusion. Under Right to Win, being in the 'right businesses' has helped the Company become one of the leading financiers in key Retail products. The Company is focused on creating a top-class, digitally enabled, Retail finance company as part of the Lakshya 2026 plan. The goal is to move the emphasis from product focus to customer focus and establish a robust Retail portfolio with quality assets, thus creating a Fintech@Scale while keeping ESG at the core. Fintech@Scale is one of the pillars of the Company's strategic roadmap - Lakshya 2026. The Company has around 2.6 Crore customer database, which is being leveraged to cross-sell, up-sell, and identify new customers. LinkedIn: Instagram: YouTube: X: Facebook: (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.).
