Latest news with #LTF
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Business Standard
a day ago
- Business
- Business Standard
L&T Finance hits new high after over 7 years; should you buy, hold or sell?
L&T Finance share price today Shares of L&T Finance (LTF) hit an all-time high of ₹214.80, up 2 per cent on the BSE in Wednesday's intra-day trade. The stock price of this non-banking finance company (NBFC) surpassed its previous high of ₹213.60 touched on October 24, 2017, the BSE data shows. In the past five months, LTF has zoomed 60 per cent. While, thus far in the calendar year, the stock has outperformed the market by surging 56 per cent, as compared to 5 per cent rise in the BSE Sensex. L&T Finance - Q1FY26 performance LTF reported a steady performance in the April to June 2025 quarter (Q1FY26) with visible recovery in rural portfolios. Retail disbursements stood at ₹17,522 crore (up 18 per cent YoY, 18 per cent QoQ), primarily led by integration of recently acquired gold loan portfolios. Retail book expanded 18 per cent YoY to ₹99,816 crore, while consolidated asset under management (AUM) increased 15 per cent YoY to ₹1.02 trillion. Asset quality metrics were stable with gross net performing asset (GNPA) at 2.93 per cent and net NPA at 0.83 per cent. Brokerages view, rating and target price for LTF According to analysts at ICICI Securities, relative resilience, amid volatility in the microfinance institution (MFI) segment, bodes well. Alteration in business mix, amid focus on sustainable and risk calibrated growth is expected to keep business growth steady and improve sustainability of performance. The brokerage firm revised target price to ₹250, valuing the stock at ~2x FY27E BV. Upgrade the stock from Hold to Buy. JM Financial Institutional Equities, Edelweiss Securities and Mirae Asset Sharekhan also have a 'Buy' rating on LTF with a target price of ₹240 per share. Current quarterly performance has been steady with moderating credit cost and improved growth visibility given its partnerships with Amazon and Phonepe. Its project Cyclops also offers significant support to the business in terms of underwriting, analysts at JM Financial Institutional Equities said. With a revival in growth and improving MFI outlook, we retain 'BUY'. Investment in a formidable digital platform shall ensure an accelerated shift to prime customers, which will help improve risk-adjusted yield by 50-100bp. LTF could dip into its remaining buffer of ₹ 275 crore even in Q2FY26. Credit Enhancement in MFI, especially Karnataka, will normalise by September/October, according to analysts at Edelweiss Securities. Stress in the unsecured segment is a near-term headwind, which the company will navigate and come out stronger. The company has already provided for most of the stress book through a combination of credit costs and excess balance sheet provisions. It remains assertive on reduction in credit costs and improvement in asset quality in the MFI space from H2FY26, said Mirae Asset Sharekhan in Q1 result update. Meanwhile, S&P Global Ratings expects L&T Finance's risk profile to improve, as the company shifts toward more diversified retail lending. Economic growth will also aid recovery of legacy wholesale and security receipt exposures. 'In our base case, L&T Finance will have strong retail loan growth of about 35 per cent for fiscal 2026 and 15 per cent for fiscal years 2027 and 2028. The company will also continue to shrink its wholesale loans. In addition, we expect yields to moderately decline over the forecast horizon as the company increases its secured lending portfolio,' the rating agency said in rationale. India's robust medium-term growth potential and large, diversified economy should continue to support NBFCs' business prospects and profitability in the medium term. Easing domestic interest rates, moderate inflation and improved system liquidity should buffer against global economic uncertainty, particularly as India's NBFCs are mostly domestically focused, said Fitch Ratings.
Business Standard
2 days ago
- Business
- Business Standard
L&T Finance posts PAT of Rs 701 crore in Q1 FY26; retail disbursements up by 18% YoY
L&T Finance has reported 2% rise in consolidated net profit to Rs 701 crore on a 6% increase in total income to Rs 2,548 crore in Q1 FY26 as compared with Q1 FY25. Net interest income for the period under review was Rs 2,054 crore, up 2% YoY. Net interest margin was 8.24% in Q1 FY26 as against 9.31% in Q1 FY25. Earnings before credit cost rose by 4% to Rs 1,499 crore in Q1 FY26 from Rs 1,438 crore in Q1 FY25. Credit cost for the June25 quarter was Rs 556 crore, up 8% YoY. Profit before tax in Q1 FY26 stood at Rs 943 crore, up by 2% from Rs 923 crore posted in Q1 FY25. The quarterly retail disbursements increased by 18% to Rs 17,522 crore in Q1 FY26 from Rs 14,839 crore. This was led by farmer finance, home loan & loan against property (LAP), and gold loans in the secured assets space while unsecured asset growth was contributed by personal loans. The company's quarterly weighted average cost of borrowing (WACB) for Q1 FY26 was 7.68%, down 16 basis points (bps) on a quarter-on-quarter (QoQ) basis. Consolidated book size as on 30 June 2025 was at Rs 1,02,314 crore as against Rs 88,717 crore as on 30 June 2024, up 15% YoY. Retail book was at Rs 99,816 crore as on 30 June 2025, up 18% YoY. Gross Stage-3 (GS3) stood at 3.31% in Q1 FY26 as against 3.29% in Q4 FY25 and 3.14% in Q1 FY25. Net Stage 3 (NS3) stood at 0.99% in Q1 FY26 as against 0.79% in Q1 FY25 and 0.97% in Q4 FY25. Consolidated return on equity (RoE) stood at 10.86% as against 11.58% in Q1 FY25. Return on assets (RoA) stood at 2.37% as against 2.68% in Q1 FY25. 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. In the quarter, we achieved the highest-ever consolidated book of over Rs. 1 lakh crore milestone and added a secured high yield product to our loan portfolio i.e., gold loan. Our company has been assigned a debut investment grade credit rating of BBB-/Positive by S&P Global Ratings and BBB- /Stable by Fitch Ratings. This rating will serve as a foundation for further diversifying our liability franchise." L&T Finance offers financing for two-wheelers, consumer goods, homes, farm equipment, women entrepreneurs, rural groups, real estate, and infrastructure. It provides financing for small and medium enterprises through term loans and overdraft facilities. The scrip fell 1.73% to currently trade at Rs 206.95 on the BSE.
Business Standard
3 days ago
- Business
- Business Standard
L & T Finance Ltd. Records Consolidated PAT of Rs. 701 Crore for the First Quarter Ended June 30, 2025 (Q1FY26), up 10% QoQ and 2% YoY
NewsVoir Mumbai (Maharashtra) [India], July 21: L & T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in India has recorded consolidated Profit After Tax (PAT) of Rs. 701 Crore, up 10% Quarter-on-Quarter (QoQ) and 2% Year-on-Year (YoY) for the first quarter ended June 30, 2025. During the quarter, LTF achieved a milestone of highest-ever consolidated book of Rs. 1,02,314 Crore, up 15% YoY. The retail book size during the quarter reached Rs. 99,816 Crore, up 18% YoY. The Company has recorded quarterly retail disbursement of Rs. 17,522 Crore for the first quarter ended June 30, 2025, up 18% YoY. Retailisation stood at 98% for the quarter ended June 30, 2025, exceeding Lakshya 2026 target. Debut Investment Grade Credit Rating has been assigned to LTF by international rating agencies (S & P Global Ratings and Fitch Ratings). S & P Global Ratings has assigned LTF "BBB-" long-term and "A-3" short-term issuer credit rating. The outlook on the long-term rating is Positive. Fitch Ratings has assigned LTF long-term foreign and local currency Issuer Default Ratings (IDR) of "BBB-" with a Stable outlook. These long-term ratings are investment grade and are at par with India's Sovereign Credit Rating. This will enable the Company to tap global capital markets, further diversify its liability franchise, and deepen investor base. 'Project Cyclops', in-house developed proprietary credit underwriting engine by LTF, has been rolled-out for SME Finance and its advanced version is implemented in Two-wheeler Finance. The Company's customer-facing PLANET app, which has emerged as a powerful digital channel for customers, crossed more than 1.86 Crore downloads as on date, comprising more than 16.7 Lakh downloads on the rural side. As of date, this channel has done collections of over Rs. 4,800 Crore while servicing around 7.85 Crore requests and has sourced loans of over Rs. 15,500 Crore. The Company has launched a revamped customer-centric website and the next-generation PLANET 3.0. Commenting on the financial results, Mr. 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. 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. In the quarter, we achieved the highest-ever consolidated book of over Rs. 1 Lakh Crore milestone and added a secured high yield product to our loan portfolio i.e., Gold Loan. Our company has been assigned a debut investment grade credit rating of "BBB-/Positive" by S & P Global Ratings and "BBB-/Stable" by Fitch Ratings. This rating will serve as a foundation for further diversifying our liability franchise by accessing financing opportunities across the global capital markets. 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. We remain focused on continuously strengthening our risk and credit frameworks, which will serve us well in times to come." Key Highlights: Robust Retail Franchise: The Company's granular and deep pan-India Retail franchise is led by its strong distribution capabilities namely, its geographic presence in around 2 Lakh villages from around 2,089 rural meeting centers/branches and 407 branches across urban centers. This extensive geographic presence is also supported by over 13,000 distribution points built over a decade. The Company also leverages over 2.6 Crore of its customer database to drive a credible cross-sell and up-sell franchise contributing 35% of the Company's repeat disbursements share in value and 49% in count during Q1FY26. Building a diversified retail franchise: Rural Business Finance Q1FY26 disbursements at Rs. 5,618 Crore vs. Rs. 5,773 Crore, down 3% YoY. Book size at Rs. 26,616 Crore vs. Rs. 25,887 Crore, up 3% YoY. Farmer Finance Q1FY26 disbursements at Rs. 2,200 Crore vs. Rs. 1,903 Crore, up 16% YoY. Book size at Rs. 15,756 Crore vs. Rs. 14,204 Crore, up 11% YoY Two-wheeler Finance Q1FY26 disbursements at Rs. 2,128 Crore vs. Rs. 2,621 Crore, down 19% YoY. Book size at Rs. 12,331 Crore vs. Rs. 12,025 Crore, up 3% YoY Personal Loans Q1FY26 disbursements at Rs. 1,942 Crore vs. Rs. 1,178 Crore, up 65% YoY. Book size at Rs. 9,383 Crore vs. Rs. 6,667 Crore, up 41% YoY Housing Loans and Loans Against Property Q1FY26 disbursements at Rs. 2,780 Crore vs. Rs. 2,245 Crore, up 24% YoY. Book size at Rs. 26,464 Crore vs. Rs. 19,961 Crore, up 33% YoY SME Finance Q1FY26 disbursements at Rs. 1,273 Crore vs. Rs. 978 Crore, up 30% YoY. Book size at Rs. 6,964 Crore vs. Rs. 4,471 Crore, up 56% YoY During the quarter, LTF launched a Business Loan campaign with the tagline, 'Aapke Business Ka Game Changer' featuring Indian cricketer Jasprit Bumrah. The campaign highlighted how the Business Loan is offered through a digital application process for quick and efficient funding, it has a rapid disbursal providing timely capital, and an app-based withdrawal facility offering flexible cash flow management. 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 over 2.6 Crore customer database, which is being leveraged to cross-sell, up-sell, and identify new customers.
The Wire
3 days ago
- Business
- The Wire
L&T Finance Ltd. Records Consolidated PAT of Rs. 701 Crore for the First Quarter Ended June 30, 2025 (Q1FY26), up 10% QoQ and 2% YoY
The Company achieved the highest-ever consolidated book of Rs. 1,02,314 Crore, which includes a retail book of Rs. 99,816 Crore, up 15% and 18% YoY, respectively Mumbai, Maharashtra, India (NewsVoir) L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in India has recorded consolidated Profit After Tax (PAT) of Rs. 701 Crore, up 10% Quarter-on-Quarter (QoQ) and 2% Year-on-Year (YoY) for the first quarter ended June 30, 2025. During the quarter, LTF achieved a milestone of highest-ever consolidated book of Rs. 1,02,314 Crore, up 15% YoY. The retail book size during the quarter reached Rs. 99,816 Crore, up 18% YoY. The Company has recorded quarterly retail disbursement of Rs. 17,522 Crore for the first quarter ended June 30, 2025, up 18% YoY. Retailisation stood at 98% for the quarter ended June 30, 2025, exceeding Lakshya 2026 target. Debut Investment Grade Credit Rating has been assigned to LTF by international rating agencies (S&P Global Ratings and Fitch Ratings). S&P Global Ratings has assigned LTF 'BBB-' long-term and 'A-3' short-term issuer credit rating. The outlook on the long-term rating is Positive. Fitch Ratings has assigned LTF long-term foreign and local currency Issuer Default Ratings (IDR) of 'BBB-' with a Stable outlook. These long-term ratings are investment grade and are at par with India's Sovereign Credit Rating. This will enable the Company to tap global capital markets, further diversify its liability franchise, and deepen investor base. 'Project Cyclops', in-house developed proprietary credit underwriting engine by LTF, has been rolled-out for SME Finance and its advanced version is implemented in Two-wheeler Finance. The Company's customer-facing PLANET app, which has emerged as a powerful digital channel for customers, crossed more than 1.86 Crore downloads as on date, comprising more than 16.7 Lakh downloads on the rural side. As of date, this channel has done collections of over Rs. 4,800 Crore while servicing around 7.85 Crore requests and has sourced loans of over Rs. 15,500 Crore. The Company has launched a revamped customer-centric website and the next-generation PLANET 3.0. Commenting on the financial results, Mr. 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. 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. In the quarter, we achieved the highest-ever consolidated book of over Rs. 1 Lakh Crore milestone and added a secured high yield product to our loan portfolio i.e., Gold Loan. Our company has been assigned a debut investment grade credit rating of 'BBB-/Positive' by S&P Global Ratings and 'BBB-/Stable' by Fitch Ratings. This rating will serve as a foundation for further diversifying our liability franchise by accessing financing opportunities across the global capital markets. 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. We remain focused on continuously strengthening our risk and credit frameworks, which will serve us well in times to come.' Key Highlights: Robust Retail Franchise: The Company's granular and deep pan-India Retail franchise is led by its strong distribution capabilities namely, its geographic presence in around 2 Lakh villages from around 2,089 rural meeting centers/branches and 407 branches across urban centers. This extensive geographic presence is also supported by over 13,000 distribution points built over a decade. The Company also leverages over 2.6 Crore of its customer database to drive a credible cross-sell and up-sell franchise contributing 35% of the Company's repeat disbursements share in value and 49% in count during Q1FY26. Building a diversified retail franchise: Rural Business Finance Q1FY26 disbursements at Rs. 5,618 Crore vs. Rs. 5,773 Crore, down 3% YoY. Book size at Rs. 26,616 Crore vs. Rs. 25,887 Crore, up 3% YoY. Farmer Finance Q1FY26 disbursements at Rs. 2,200 Crore vs. Rs. 1,903 Crore, up 16% YoY. Book size at Rs. 15,756 Crore vs. Rs. 14,204 Crore, up 11% YoY Two-wheeler Finance Q1FY26 disbursements at Rs. 2,128 Crore vs. Rs. 2,621 Crore, down 19% YoY. Book size at Rs. 12,331 Crore vs. Rs. 12,025 Crore, up 3% YoY Personal Loans Q1FY26 disbursements at Rs. 1,942 Crore vs. Rs. 1,178 Crore, up 65% YoY. Book size at Rs. 9,383 Crore vs. Rs. 6,667 Crore, up 41% YoY Housing Loans and Loans Against Property Q1FY26 disbursements at Rs. 2,780 Crore vs. Rs. 2,245 Crore, up 24% YoY. Book size at Rs. 26,464 Crore vs. Rs. 19,961 Crore, up 33% YoY SME Finance Q1FY26 disbursements at Rs. 1,273 Crore vs. Rs. 978 Crore, up 30% YoY. Book size at Rs. 6,964 Crore vs. Rs. 4,471 Crore, up 56% YoY During the quarter, LTF launched a Business Loan campaign with the tagline, 'Aapke Business Ka Game Changer' featuring Indian cricketer Jasprit Bumrah. The campaign highlighted how the Business Loan is offered through a digital application process for quick and efficient funding, it has a rapid disbursal providing timely capital, and an app-based withdrawal facility offering flexible cash flow management. 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 over 2.6 Crore customer database, which is being leveraged to cross-sell, up-sell, and identify new customers. Facebook: LinkedIn: Instagram: YouTube: X: (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.).
Fashion Value Chain
3 days ago
- Business
- Fashion Value Chain
L&T Finance Ltd. Records Consolidated PAT of Rs. 701 Crore for the First Quarter Ended June 30, 2025 (Q1FY26), up 10% QoQ and 2% YoY
L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in India has recorded consolidated Profit After Tax (PAT) of Rs. 701 Crore, up 10% Quarter-on-Quarter (QoQ) and 2% Year-on-Year (YoY) for the first quarter ended June 30, 2025. During the quarter, LTF achieved a milestone of highest-ever consolidated book of Rs. 1,02,314 Crore, up 15% YoY. The retail book size during the quarter reached Rs. 99,816 Crore, up 18% YoY. The Company has recorded quarterly retail disbursement of Rs. 17,522 Crore for the first quarter ended June 30, 2025, up 18% YoY. Retailisation stood at 98% for the quarter ended June 30, 2025, exceeding Lakshya 2026 target. Highlights of L&T Finance Ltd.s financial performance for the quarter ended June 30, 2025 Debut Investment Grade Credit Rating has been assigned to LTF by international rating agencies (S&P Global Ratings and Fitch Ratings). S&P Global Ratings has assigned LTF 'BBB-' long-term and 'A-3' short-term issuer credit rating. The outlook on the long-term rating is Positive. Fitch Ratings has assigned LTF long-term foreign and local currency Issuer Default Ratings (IDR) of 'BBB-' with a Stable outlook. These long-term ratings are investment grade and are at par with India's Sovereign Credit Rating. This will enable the Company to tap global capital markets, further diversify its liability franchise, and deepen investor base. 'Project Cyclops', in-house developed proprietary credit underwriting engine by LTF, has been rolled-out for SME Finance and its advanced version is implemented in Two-wheeler Finance. The Company's customer-facing PLANET app, which has emerged as a powerful digital channel for customers, crossed more than 1.86 Crore downloads as on date, comprising more than 16.7 Lakh downloads on the rural side. As of date, this channel has done collections of over Rs. 4,800 Crore while servicing around 7.85 Crore requests and has sourced loans of over Rs. 15,500 Crore. The Company has launched a revamped customer-centric website and the next-generation PLANET 3.0. Commenting on the financial results, Mr. 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. 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. In the quarter, we achieved the highest-ever consolidated book of over Rs. 1 Lakh Crore milestone and added a secured high yield product to our loan portfolio i.e., Gold Loan. Our company has been assigned a debut investment grade credit rating of 'BBB-/Positive' by S&P Global Ratings and 'BBB-/Stable' by Fitch Ratings. This rating will serve as a foundation for further diversifying our liability franchise by accessing financing opportunities across the global capital markets. 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. We remain focused on continuously strengthening our risk and credit frameworks, which will serve us well in times to come.' Key Highlights: Robust Retail Franchise: The Company's granular and deep pan-India Retail franchise is led by its strong distribution capabilities namely, its geographic presence in around 2 Lakh villages from around 2,089 rural meeting centers/branches and 407 branches across urban centers. This extensive geographic presence is also supported by over 13,000 distribution points built over a decade. The Company also leverages over 2.6 Crore of its customer database to drive a credible cross-sell and up-sell franchise contributing 35% of the Company's repeat disbursements share in value and 49% in count during Q1FY26. Building a diversified retail franchise: Rural Business Finance Q1FY26 disbursements at Rs. 5,618 Crore vs. Rs. 5,773 Crore, down 3% YoY. Book size at Rs. 26,616 Crore vs. Rs. 25,887 Crore, up 3% YoY. Farmer Finance Q1FY26 disbursements at Rs. 2,200 Crore vs. Rs. 1,903 Crore, up 16% YoY. Book size at Rs. 15,756 Crore vs. Rs. 14,204 Crore, up 11% YoY Two-wheeler Finance Q1FY26 disbursements at Rs. 2,128 Crore vs. Rs. 2,621 Crore, down 19% YoY. Book size at Rs. 12,331 Crore vs. Rs. 12,025 Crore, up 3% YoY Personal Loans Q1FY26 disbursements at Rs. 1,942 Crore vs. Rs. 1,178 Crore, up 65% YoY. Book size at Rs. 9,383 Crore vs. Rs. 6,667 Crore, up 41% YoY Housing Loans and Loans Against Property Q1FY26 disbursements at Rs. 2,780 Crore vs. Rs. 2,245 Crore, up 24% YoY. Book size at Rs. 26,464 Crore vs. Rs. 19,961 Crore, up 33% YoY SME Finance Q1FY26 disbursements at Rs. 1,273 Crore vs. Rs. 978 Crore, up 30% YoY. Book size at Rs. 6,964 Crore vs. Rs. 4,471 Crore, up 56% YoY During the quarter, LTF launched a Business Loan campaign with the tagline, 'Aapke Business Ka Game Changer' featuring Indian cricketer Jasprit Bumrah. The campaign highlighted how the Business Loan is offered through a digital application process for quick and efficient funding, it has a rapid disbursal providing timely capital, and an app-based withdrawal facility offering flexible cash flow management. 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 womens 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 over 2.6 Crore customer database, which is being leveraged to cross-sell, up-sell, and identify new customers. Facebook: LinkedIn: Instagram: YouTube: X:
