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. 975 Crore, up 33% Year-on-Year for the second quarter ended September 30, 2026. During the quarter, LTF achieved a milestone of highest-ever consolidated book of Rs. 1,36,635 Crore, up 28% Year-on-Year. The retail book size during the quarter reached Rs. 1,34,600 Crore, up 29% YoY. The Company has recorded robust retail disbursement of Rs. 24,027 Crore for the second quarter ended September 30, 2026, up 27% YoY, reflecting continued business momentum. Improving asset quality, lowering credit costs, and higher Return on Assets reinforce the Company’s focus on profitable, risk-calibrated growth. Concurrently, the Company has accelerated technology deployment to evolve into an AI-native lender.
Commenting on the financial results Mr. Sudipta Roy, Managing Director & CEO, LTF, said, “Q2FY27 has been yet another strong quarter for L&T Finance with strong delivery across all business parameters, laying a solid foundation for our Lakshya 2031 journey with a sustained business momentum. These outcomes reflect the strength of our diversified retail franchise, the discipline of our execution and our continued focus on delivering sustainable, risk-calibrated growth. Despite uncertainties in the macroeconomic environment, inflation pressures, and seasonal headwinds, our resilient business model enabled us to navigate these macro dynamics effectively while expanding key focus verticals like Gold Finance, Micro Loan Against Property, Personal Loans, and Two-Wheeler Finance. Our approach will continue to be guided by disciplined underwriting, strengthened risk guardrails, granular portfolio monitoring and a strong collections framework. We believe that responsible growth and superior portfolio quality must go hand in hand. As we progress on our Lakshya 2031 journey, we remain focused on strengthening our granular distribution channels, expanding our branch footprint and enhancing our digital acquisition capabilities. Our investments in artificial intelligence, particularly through our AI-powered credit administration and portfolio management frameworks are expected to further enhance credit decision-making, identify early warning signals and drive greater operational efficiency. These capabilities will help us build a more agile, scalable and resilient organisation. Our priority remains to sustain profitable growth, improve returns and strengthen the quality of our franchise. We are confident that our investments in technology, distribution and risk management will help us navigate evolving market conditions while progressing towards our long-term strategic ambitions.”
L&T Finance continues to advance its Lakshya 2031 ambition of becoming a risk-first, technology-first and AI-native retail financial services institution. The Company is embedding intelligence across customer acquisition, underwriting, portfolio management, servicing and cross-selling.
In Q2FY27, the Company’s flagship PLANET app reinforced its status as a core digital engine for the Company – surpassing 2.7 crore downloads. The application now services 94% of the total service requests generated by its customers, and has driven collections of Rs. 2,168 Crore during the quarter, coupled with a business generating of Rs. 5,934 Crore in business.
Further strengthening its rural reach, PLANET app introduced a dedicated rural interface with a clear, intuitive and clutter-free UI, offering multilingual capabilities, including Hindi. This enables rural customers to navigate the app more easily, access services in a familiar language and complete transactions with greater convenience and confidence.
The Company’s Partner PLANET app has emerged as a dedicated digital platform designed to strengthen engagement with its dealer network by bringing key business information, retail performance insights and operational services onto a single interface. The platform enables dealers to access business metrics, monitor retail performance, manage Trade Advance requirements and track operational requests, enhancing transparency, convenience, and efficiency across the dealer ecosystem.