Earnings Review
Rise in revenue lifts L&T Fin Q4 PAT by 27%, beats view
This story was originally published at 22:33 IST on 24 April 2026
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--L&T Finance Jan-Mar consol net profit INR 8.07 bln
--Analysts saw L&T Finance Jan-Mar consol net profit at INR 7.90 bln
--L&T Finance to pay INR 2.75 per share final dividend
--L&T Finance Jan-Mar consol net profit INR 8.07 bln vs INR 6.36 bln yr ago
--L&T Finance Jan-Mar consol revenue INR 47.71 bln vs INR 40.23 bln yr ago
--L&T Finance FY26 consol net profit INR 29.81 bln vs INR 26.44 bln yr ago
--L&T Finance FY26 consol revenue INR 179.14 bln vs INR 159.24 bln yr ago
--L&T Finance sets borrowing limit via NCDs at INR 1.235 tln
--L&T Finance to raise up to INR 60 bln in FY27 via non-convertible pref shrs
--L&T Finance to appoint COO Raju Dodti as whole director for 3 yrs
--L&T Finance to appoint CFO Sachinn Joshi as whole-time director for 2 yrs
--L&T Finance to appoint COO Raju Dodti as whole-time director for 3 yrs
--L&T Finance Jan-Mar NIM 8.78% vs 8.58% quarter ago, 8.15% year ago
--L&T Finance provision coverage ratio at 67% on Mar 31
--L&T Finance Jan-Mar credit cost 2.64% vs 2.83% qtr ago
--L&T Finance Q4 retail disbursements INR 241.07 bln vs INR 148.99 bln yr ago
--L&T Finance: Retail book INR 1.20 tln on Mar 31, up 26% on year
--L&T Finance: Consol book INR 1.22 tln on Mar 31
By Meera Nair
MUMBAI – Rise in revenue from operations backed the growth of net profit for the non-banking financial company L&T Finance Ltd. in the quarter ended March. The company's top line grew in double digits, however, it also saw a rise in its total expenses.
The company's consolidated net profit for the March quarter was INR 8.07 billion, up almost 27% on year and 10% on quarter. The company beat analysts' estimates, which saw net profit at INR 7.90 billion. L&T Financial's consolidated revenue for the March quarter was INR 47.71 billion, up almost 19% on year and 4% on quarter.
The rise in other expenses, employee benefits expense, net loss on de-recognition of financial instruments under amortised cost category, and sequential mark-to-market losses, all together led to a rise in total expenses for the March quarter.
The non-banking financial company's net loss on fair value changes, also known as paper loss or mark-to-market loss, rose over 67% on quarter to INR 193.7 million. The employee benefits expenses were at INR 6.60 billion for the quarter ended March, up almost 16% on year and 2% on quarter. The net loss on de-recognition of financial instruments under amortised cost category rose over 93% on year for the March quarter. Sequentially, the measure rose over 22%. L&T Finance's total expenses were INR 36.97 billion, up almost 15% on year and 4% on quarter.
L&T Finance reported the consolidated net profit for the financial year 2025-26 (Apr-Mar) at INR 29.81 billion, up almost 13% on year. Meanwhile, the consolidated revenue for the same period was reported at INR 179.14 billion, up over 12% on year.
The lender reported net interest margin of 8.78% for the March quarter, up from 8.15% a year ago. The credit cost was 2.63%, down from 2.83% in the previous quarter. The company reported a provision coverage ratio at 67% as on Mar. 31.
L&T Finance reported retail disbursements for the fourth quarter at INR 241.07 billion, up 67% on year. The retail book was at INR 1.20 trillion as on Mar. 31. The consolidated book stood at INR 1.22 trillion.
The board approved a final dividend of INR 2.75 per share for FY26. It also set the borrowing limit through non-convertible debentures at INR 1.235 trillion for the current financial year. The company also plans to raise up to INR 60 billion in FY27 through redeemable non-convertible preference shares.
The board of the company also approved the appointment of Chief Financial Officer Sachinn Joshi and Chief Operating Officer Raju Dodti as whole-time directors for two and three years, respectively. End
Edited by Deepshikha Bhardwaj
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