L&T Finance Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
L&T Finance reported consolidated PAT of ₹902 crore for Q1FY27, up 29% YoY, with the consolidated book crossing ₹1,29,634 crore, up 27% YoY. Retail disbursements grew 36% YoY to ₹23,852 crore, credit cost moderated to 2.54%, and RoA improved to 2.48% while RoE rose to 12.71%. Management discussed progress on its Lakshya 2031 strategic plan, AI initiatives including Project Cyclops, Nostradamus and Hercules, and provided updates on the Gold Loan, Personal Loans, SME and Rural Business Finance segments.
L&T Finance reported its highest-ever annual profit after tax of ₹3,003 crore for FY26, up 14% YoY, with Q4FY26 PAT at ₹807 crore, up 27% YoY, driven by record retail disbursements of ₹24,107 crore in the quarter. Management outlined its new five-year Lakshya 2031 strategic plan targeting book growth CAGR of 20%+, credit costs of 2% or less, RoA of 3.0% to 3.2% and RoE of 16% to 18%, while also announcing a new payments platform. Management also discussed an annual ECL model refresh that released ₹301 crore of provisions carried as overlays and increased Stage 1 provisioning coverage from 0.52% to 0.80%.