L&T Finance Records Highest Ever Core Profit After Tax of Rs. 760 Crore (before one-time impact of New Labour Code provision), up 21% Y-o-Y in Q3FY26
GST
Dated:- 20-1-2026
PTI
Mumbai, Maharashtra, India (NewsVoir) \u2022 Highest ever Retail disbursements for the third quarter ended December 31, 2025 (Q3FY26) at Rs. 22,701 Crore, up 49% Year-on-Year (YoY) \u2022 Robust Retail franchise with a retail portfolio of Rs. 1,11,990 Crore, reflecting a 21% growth YoY \u2022 Consolidated loan book grew by 20% YoY to Rs. 1,14,285 Crore \u2022 All-time high disbursements in Two-wheeler Finance at Rs. 3,217 Crore and Farmer Finance at Rs. 2,783 Crore growing 33% YoY and 12% YoY, respectively \u2022 Net Interest Margins (NIMs)+Fees sequentially improved by 19 basis points (bps) Quarter-on-Quarter (QoQ) to 10.41% from 10.22% in the second quarter ended September 30, 2025 (Q2FY26) \u2022 Rural Business Finance business asset quality improved significantly with 0 Days Past Due (DPD) collection efficiencies r<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 31, 2025. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n in consumption and created an environment for growth. In Q3FY26, LTF\u2019s focus remained on delivering a standout performance across business segments. We registered the highest ever quarterly disbursements of Rs. 22,701 Crore, up 49% YoY, and the retail portfolio reaching Rs.1,11,990 Crore, reflecting a growth of 21% YoY leading to a PAT of Rs. 760 Crore, up 21% YoY (without the impact of a one-time exceptional item). = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n p and thought leadership. We are confident that our focused actions will not only ensure a sustainable and resilient performance in the coming quarters, but also truly transform LTF into a risk-first, tech-first, diversified retail finance company.\u201d Key Highlights: Robust Retail Franchise: The Company\u2019s 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 2,257 rural meeting centers\/branches and 439 branches across urban centers. This extensive geographic presence is also supported by around 14,000 distribution points built over 15 years. In Q3FY26, the Company also launched its first Sampoorna Branch in Ujjain, Madhya Pradesh. The Company also leverages around 2.8 Crore of its customer database to drive a credible cross-sell and up-sell franchise, contributing 40% of the Company\u2019s repeat disbursements share in value and 48% in count during Q3FY26. The Company has a portf<\/p>\n = = = = = = = =<\/p>\n
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\n The Company\u2019s Net Interest Margins (NIMs)+Fees sequentially improved by 19 basis points (bps) Quarter-on-Quarter (QoQ) to 10.41% from 10.22% in the second quarter ended September 30, 2025 (Q2FY26). The Rural Business Finance business asset quality improved significantly with 0 Days Past Due (DPD) collection efficiencies reaching 99.7% in December 2025.
\n The Company\u2019s customer-facing PLANET app, which has emerged as a powerful digital channel for customers, crossed more than 2.20 Crore downloads as of December 31, 2025, comprising more than 18.3 Lakh customers on the rural side. As of December 31, 2025, this channel has done collections of over Rs. 7,700 Crore while servicing over 10 Crore requests and has sourced loans of over Rs. 24,100 Crore.
\n \u2018Project Cyclops\u2019 has been implemented in Two-wheeler Finance, Farm Equipment Finance, SME Finance, and Personal Loans. It will be rolled out in Home Loans and Rural Group Loans & MFI in the next financial year. \u2018Projec<\/p>\n
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\n In line with our commitment to deliver a sustainable and profitable growth across quarters, we are focused on transforming LTF into a risk-first, tech-first, multi-product retail financier of choice. In line with this, we have been continuously broadening our customer acquisition funnels while sourcing creditworthy customers backed by technology and robust credit guardrails, while keeping a strong focus on collection efficiencies across businesses.
\n Our proprietary AI driven next-gen digital credit engine \u2018Project Cyclops\u2019 is now implemented in Personal Loans in ad<\/p>\n
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