L&T Finance

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• DebtHighest safetyRated AAA by ICRA.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 27% and profit rose 32% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 66% of the company, about the same as in Sep 2025.
• ValuationCheap vs its pastThe share trades at 17.2 times its yearly earnings (P/E), cheaper than 82% of the time in the last 5 years. Its usual P/E is about 20.

L&T Finance against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)17.2 against a typical 22.5: cheaper than most peers (1st = cheapest).112th of 284
• Sales growth+26.5% against a typical +18.3% from a year earlier.117th of 259
• Profit growth+32.4% against a typical +20.2% from a year earlier.88th of 214
• Share price, 3 months−20.3% against a typical −4.2%.213th of 258
• Size₹ 59,363 Cr. market value against a typical ₹ 43 Cr. (1st = largest).5th of 269

Exchange filings and their impact on the company.

• 26 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactVery positivePrice −0.1% on 27 Oct
  Record Q2 PAT of Rs 975 cr (+33% YoY) on 28% book growth keeps L&T Finance on track for 2.8-3% RoA exit by Q4FY27.

  L&T Finance reported its highest-ever quarterly profit of Rs 975 crore in Q2 FY27, up 33% year-on-year, on a loan book of Rs 1,36,635 crore, up 28%. Retail disbursements grew 27% to Rs 24,027 crore led by personal loans, gold loans and two-wheelers, while credit costs fell to 2.46% and return on assets improved to 2.60%. Management reiterated its targets of 2.8-3% RoA by Q4 FY27 and 20%+ book growth under Lakshya 2031, with gold loans targeted at Rs 40,000-45,000 crore by FY31.

  Full analysisFiling
• 21 Oct 2026Allotment of SecuritiesLow impactPositivePrice −0.6% on 22 Oct
  Allotted Rs 1500 crore of secured NCDs to fund ongoing loan-book growth.

  L&T Finance allotted 150,000 senior, secured, rated, listed NCDs of Rs 1 lakh each for Rs 1500 crore on private placement on October 21, 2026. The issue was done in dematerialised form for cash to identified investors under its March 2026 General Information Document. The proceeds add to its borrowings to support loan-book growth, with limited near-term profit impact from the interest spread.

  Full analysisFiling
• 15 Oct 2026Press ReleaseHigh impactVery positivePrice −3.1% on 16 Oct
  Record Rs 975 cr quarterly profit on 28% book growth with better margins and asset quality.

  L&T Finance reported its highest ever quarterly profit of Rs 975 crore in Q2FY27, up 33% from Rs 735 crore a year ago. Its total loan book grew 28% to Rs 1,36,635 crore on strong retail disbursements of Rs 24,027 crore, up 27%. Margins improved, bad loans fell with gross stage 3 at 2.75% versus 3.29% last year, and return on assets rose to 2.60%, supporting profitable growth.

  Full analysisFiling
• 15 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −3.1% on 16 Oct
  Strong Q2 with 32% profit growth puts L&T Finance on track for ~30% higher FY27 earnings.

  L&T Finance reported strong Q2 FY27 results with total income of Rs 5,484 crore, up 26.5% from last year, and net profit of Rs 973 crore, up 32.4%. For the first half, profit was Rs 1,889 crore, already 63% of last full year's profit. Loan book grew to Rs 1,32,174 crore from Rs 1,17,821 crore in March, with stable asset quality at 2.75% gross stage-3 and strong capital adequacy of 18.67%, supporting continued growth over the next year.

  Full analysisFiling
• 12 Oct 2026Allotment of SecuritiesLow impactNeutralPrice +1.9% on 13 Oct
  Allotted Rs 800 crore subordinated NCDs via private placement.

  L&T Finance allotted 80,000 subordinated, unsecured, rated, listed, redeemable non-convertible debentures of Rs 1 lakh each, aggregating Rs 800 crore, on private placement basis on October 12, 2026. The issue was made for cash in dematerialised form to identified investors. The amount is small relative to its over Rs 1.1 lakh crore borrowings and is routine funding that modestly adds to debt.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Sudipta Roy

Chief Executive Officer, Managing Director, Executive Director

Sachinn Roopnarayan Joshi

Chief Financial Officer

Asheesh Goel

Chief Executive - Farmer Finance

Manish Kumar Gupta

Chief Executive - Urban Unsecured Assets, Payments & Digital Partnerships

Sonia Krishnankutty

Chief Executive - Rural Business Finance

Jinesh Shah

Chief Executive - Urban Secured Assets & 3rd Party Products

Abhishek Sharma

Chief Executive - SME Finance

Raju Dodti

Chief Operating Officer