L&T Finance

L&T Finance Limited has allotted 6,15,531 equity shares to option grantees who exercised their options under the L&TFL Employee Stock Option Scheme-2013. The ESOP Allotment Committee approved the allotment on October 31, 2025. The newly allotted equity shares will rank equally with existing equity shares and will be entitled to dividends declared thereafter.

L&T Finance Ltd. witnessed a block trade on the National Stock Exchange involving approximately 6,434,576 shares valued at Rs. 172.94 crores. The shares were traded at a price of Rs. 268.76 per share.

L&T Finance achieved consolidated PAT of Rs 735 crore in Q2FY26, marking 6% YoY and 5% QoQ growth. The retail book reached Rs 1,04,607 crore (18% YoY growth), while consolidated book size grew 15% YoY to Rs 1,07,096 crore. The company recorded highest-ever quarterly disbursements of Rs 18,896 crore (25% YoY, 8% QoQ). Rural Business Finance disbursements normalized at Rs 6,316 crore (16% YoY, 12% QoQ). Personal loans disbursements surged 114% YoY to Rs 2,918 crore, driven by big tech partnerships including Amazon Pay, Cred, PhonePe, and Google Pay. The company's AI-powered Project Cyclops underwriting engine now powers 100% of underwriting in Two-Wheeler, Farm Equipment, and SME businesses, showing improved portfolio performance with reduced bounce rates. Credit costs (before macro prudential provisions) improved from 3.80% in Q4FY25 to 2.98% in Q2FY26. The company utilized Rs 150 crore from macro prudential provisions, leaving Rs 125 crore remaining. Pan-India collection efficiency in microfinance improved to 99.50% from 99.35% in the previous quarter. Gold loans business achieved Rs 983 crore quarterly disbursements with plans to expand to 330+ branches by end of FY26. RoA stood at 2.41% and RoE at 11.33%. The company targets 2% credit cost trajectory over medium term and maintains AUM growth guidance of 20-25%.