L&T Finance Reports Record Q2 Profit of Rs 975 Crore on Strong Retail Loan Growth
L&T Finance Ltd (NSE:LTF) posted a 33% year-on-year rise in consolidated net profit to a record Rs 975 crore for the second quarter ended September 30, 2026. The financial firm's total loan book grew 28% to Rs 1,36,635 crore, propelled by a 29% increase in its retail lending portfolio to Rs 1,34,600 crore. Total quarterly retail disbursements rose 27% to Rs 24,027 crore, reflecting momentum across rural and urban markets.
The company's performance was bolstered by rapid expansion in higher-yielding credit segments alongside lower credit costs and steady asset quality. Gold loans led the growth with a 242% jump in portfolio size to Rs 5,043 crore, accompanied by a 229% surge in disbursements. Personal loans also showed substantial strength, increasing 72% to Rs 18,664 crore. Meanwhile, digital engagement expanded through the company's PLANET mobile application, which crossed 2.7 crore downloads and handled 94% of customer service queries.
Investors will monitor how the lender scales its strategy under Lakshya 2031, which focuses on artificial intelligence in credit management and distribution expansion across gold and personal financing. Market participants will also track whether slower growth in farmer finance, where quarterly disbursements dipped 1% to Rs 1,643 crore, can pick up in upcoming quarters.
Key points
- Consolidated net profit grew 33% year-on-year to a record Rs 975 crore for the quarter ended September 30, 2026.
- Retail loan portfolio expanded 29% to Rs 1,34,600 crore, driven by sharp growth in gold and personal financing.
- Gold finance book surged 242% to Rs 5,043 crore, while gold loan disbursements jumped 229% to Rs 3,237 crore.
- Digital platform PLANET reached 2.7 crore downloads, handling 94% of customer service requests during the quarter.
- L&T Finance shares declined 3.11% to 253.8 INR in market trading.
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What was L&T Finance's net profit for Q2 FY27?
L&T Finance reported a record consolidated net profit after tax of Rs 975 crore for the quarter ended September 30, 2026, representing a 33% increase compared to the same period in the prior year.
Which loan segments experienced the highest growth?
Gold finance experienced the fastest expansion, surging 242% year-on-year to Rs 5,043 crore. Personal loans also recorded strong growth, expanding 72% to Rs 18,664 crore.
What digital milestones did L&T Finance achieve?
The company's PLANET mobile app surpassed 2.7 crore downloads and processed 94% of customer service requests, while facilitating Rs 2,168 crore in collections and generating Rs 5,934 crore in business.