L&T Finance Q1 Net Profit Jumps 29% to Rs 902 Cr

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Jul 10, 2026 21:20

L&T Finance reported a 29% jump in Q1 net profit to Rs 902 crore. The non-bank lender saw improved asset quality, rising loan book, and doubled personal loan disbursements.

Mumbai, Jul 10 (PTI) Non-bank lender L&T Finance on Friday reported a 29 per cent jump in its June quarter consolidated net profit to Rs 902 crore compared to Rs 701 crore in the year-ago period.

The city-headquartered company, promoted by the EPC major L&T, said its net interest margin and fees inched up to 10.47 per cent during the quarter against 10.22 per cent in the year-ago period.

From an asset quality perspective, it reported a notable improvement in the stock of Gross Stage 3 assets to 2.86 per cent from 3.31 per cent in the year-ago period.

Credit costs improved at a sharper 0.89 per cent to 2.54 per cent on the back of improvements in the collections infrastructure and also the deployment of artificial intelligence-led tools, it said.

The consolidated loan book rose 27 per cent on-year to Rs 1.29 lakh crore, while retail disbursements rose 36 per cent.

Interestingly, the unsecured personal loan disbursements more than doubled to Rs 4,380 crore during the three months.

Shares of the company closed 0.06 per cent up at Rs 321.05 apiece on the BSE on Friday.

Source: PTI By Rediff Money Desk, Mumbai

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