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Informist, Friday, Jan. 16, 2026

 

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--L&T Finance Oct-Dec consol net profit INR 7.39 bln 
--Analysts saw L&T Finance Oct-Dec consol net profit at INR 7.72 bln 
--L&T Finance Oct-Dec consol net profit INR 7.39 bln vs INR 6.26 bln yr ago 
--L&T Finance Oct-Dec consol revenue INR 45.78 bln vs INR 40.98 bln year ago 
--L&T Finance Apr-Dec consol net profit INR 21.75 bln vs INR 20.07 bln yr ago 
--L&T Finance Apr-Dec consol revenue INR 131.62 bln vs INR 119.01 bln yr ago
--L&T Finance Oct-Dec NIM+Fees 10.41% vs 10.22% quarter ago 
--L&T Finance: Retail book INR 1.12 tln on Dec 31 vs INR 922.24 bln year ago 
--L&T Finance Oct-Dec credit cost 2.83% vs 2.98% qtr ago 
--L&T Fin gross stage-3 asset quality ratio 3.19?c31, down 10 bps on qtr 
--L&T Finance net stage-3 asset quality ratio 0.92?c31, down 8 bps on qtr 
--L&T Finance: Rural business book INR 289.76 bln Dec 31, up 10% YoY 
--L&T Finance: Farmer finance book INR 166.71 bln Dec 31, up 11% YoY 
--L&T Finance: Two-wheeler book INR 139.13 bln as on Dec 31, up 10% YoY 
--L&T Finance: Personal loans book INR 128.10 bln as on Dec 31, up 64% YoY 
--L&T Finance: SME Finance book INR 79.46 bln as on Dec 31, up 37% YoY

 

By Kabir Sharma and Shubham Rana

 

MUMBAI – A robust increase in net revenue from operations and a fall in impairment on financial instruments helped L&T Finance Ltd.'s net profit grow at a six-quarter high pace in the December quarter.

 

The non-banking finance company reported a consolidated net profit of INR 7.39 billion for the December quarter, up 17.9% on year, which was the highest on-year rise since Apr-Jun 2024. Sequentially, the net profit rose just 0.5%. Analysts had estimated a higher net profit of INR 7.72 billion for Oct-Dec.

 

For the December quarter, net interest margins plus fees improved to 10.41%, from 10.22% in the preceding quarter, supported by better yields and improved liability management. Sequential profitability benefited from a decline in credit costs, which eased to 2.83% in the December quarter from 2.98% in the September quarter.

 

Asset quality continued to improve during the quarter. The gross stage-3 asset ratio declined to 3.19% as of Dec 31, improving by 10 basis points sequentially, while the net stage-3 asset ratio fell to 0.92%, down 8 basis points quarter-on-quarter, indicating better recoveries and collections across portfolios.

 

The company's retail loan book expanded sharply over the year, reaching INR 1.12 trillion as of Dec. 31, compared with INR 922.24 billion a year earlier, underscoring the lender's continued pivot towards granular retail assets.

 

Within retail lending, the rural business finance book stood at INR 289.76 billion, marking a 10% year-on-year increase, while the farmer finance portfolio grew 11% YoY to INR 166.71 billion as of Dec. 31. The two-wheeler finance book rose 10% YoY to INR 139.13 billion, aided by strong festival demand and improved rural consumption trends.

 

Personal loans remained the fastest-growing segment, with the book surging 64% year-on-year to INR 128.10 billion, driven by digital sourcing and partnerships. The SME finance book expanded 37% YoY to INR 79.46 billion, reflecting improved demand from small businesses and a focus on secured lending.

 

The non-banking finance company posted a consolidated net profit of INR 21.75 billion for Apr–Dec, compared with INR 20.07 billion in the year-ago period. Consolidated revenue for the nine months rose to INR 131.62 billion, from INR 119.01 billion a year earlier, reflecting strong growth across retail lending segments.

 

Shares of the lender ended at INR 296.40 on the National Stock Exchange on Friday.  End

 

Edited by Akul Nishant Akhoury

 

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