Earnings Call/Transcript
L&T Finance Q2FY27 Earnings Transcript
L&T Finance filed the transcript of its Q2FY27 investor and analyst meet held on October 16, 2026, covering financial performance and strategy.
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Finance
Non Banking Financial Company (NBFC)
59,364 Cr
High Risk
17.3
15.4
0.8
2.0
338.50
229.30
Sales CAGR
Profit CAGR
ROE
ROCE

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L&T Finance Ltd (LTF) is currently trading at 240.80 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
L&T Finance is an RBI-registered non-banking financial company offering rural, urban, housing, SME and gold-finance products through a granular branch, partner and digital distribution network. Its consolidated retail book reached ₹1,34,600 crore in Q2FY27, while the broader consolidated book stood at ₹1,36,635 crore, reflecting a diversified multi-product lending model. The company delivered its highest-ever consolidated profit after tax of ₹975 crore, up 33% year-on-year, while retail disbursements rose 27% to ₹24,027 crore. RoA improved to 2.60% and RoE to 13.56%, indicating that strong growth is increasingly translating into better profitability rather than merely balance-sheet expansion. Gold finance has become the fastest-growing strategic business, with quarterly disbursements rising 229% year-on-year to ₹3,237 crore and closing AUM reaching ₹5,043 crore. The business had 502 active branches, approximately 110 branches exceeding ₹15 crore of AUM, and a long-term target of ₹40,000–45,000 crore of gold-loan AUM. L&T Finance is shifting from transformation to delivery under Lakshya 2031, combining risk-based pricing, AI-led underwriting, agentic cross-selling and integrated Sampoorna branches. Project Cyclops covers most major lending funnels, while Hercules generated gold-loan cross-sell conversion above 14% during early October, potentially lowering acquisition costs over time. Near-term risks remain concentrated in rural cash flows, interest-rate increases, insurance-commission reform and execution complexity. Management has retained its targets of 2%–2.2% credit cost by Q4FY27 and 2.8%–3.0% exit RoA, but achieving them depends on disciplined growth, successful technology implementation and replacement revenues from newer businesses.
Over the past 52 weeks, L&T Finance Ltd has traded between a low of ₹229.30 and a high of ₹338.50. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
L&T Finance Ltd has a market capitalization of approximately 59,364.13. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
L&T Finance Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 17.28 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 59,364.13 Cr, L&T Finance Ltd is classified as a Mid Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
L&T Finance Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of L&T Finance Ltd is 17.28. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
L&T Finance reported consolidated profit after tax of ₹972.76 crore in Q2 FY27. Management rounded the figure to ₹975 crore during its earnings call.
ICICI Securities upgraded L&T Finance to BUY from Add in its July 12, 2026 results update.
L&T Finance reported consolidated profit after tax of ₹915.99 crore for the quarter ended June 30, 2026, with ₹902.47 crore attributable to equity shareholders.
L&T Finance reported total income of ₹5,243.31 crore in Q1 FY 2026-27, up 9.9% from ₹4,771.10 crore in Q4 FY26.
Earnings Call/Transcript
L&T Finance filed the transcript of its Q2FY27 investor and analyst meet held on October 16, 2026, covering financial performance and strategy.
Fund Raising
L&T Finance Ltd allotted 150,000 senior, secured, listed, redeemable NCDs of Rs.100,000 each on private placement, aggregating Rs.1,500 crore to identified investors on 2026-10-21.
