India · Delayed Price · Currency is INR L&T Finance Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY 2026 saw record profit and retail disbursements, with strong growth across all segments and improved asset quality. AI-driven initiatives and digital expansion underpin guidance for 20%+ AUM growth and lower credit costs in FY 2027, despite macro risks.
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Q3 FY26 saw record profitability and disbursements, with PAT up 18% year-on-year and robust growth across all retail segments. Credit costs and asset quality improved, aided by digital and AI initiatives, while the company maintained strong guidance for margins and future growth.
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PAT grew 6% YOY to INR 735 crore, with record disbursements and strong retail book growth. Credit cost and collection efficiencies improved, aided by AI-driven underwriting and digital initiatives. Outlook remains positive with risk-calibrated growth and further tech-driven gains expected.
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PAT rose 10% QoQ to INR 701 crores, with retail book up 18% YoY and ROA at 2.37%. Technology-driven risk management, gold loan integration, and strong fintech partnerships underpin growth, while credit cost is guided to 2.3–2.5% by Q4 FY26.
Fiscal Year 2025
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AI-driven transformation has accelerated growth, improved risk management, and enhanced customer engagement across all business lines. Proprietary platforms Cyclops and Nostradamus have reduced credit costs and improved portfolio quality, while digital partnerships and tech modernization drive scale and efficiency.
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Record annual PBT and ROA were achieved despite sectoral headwinds, with strong retail book growth and improved asset quality driven by technology initiatives. FY26 guidance includes 20%+ book growth, stable NIM plus fees, and normalized credit costs, with continued focus on risk-calibrated expansion and operational efficiency.
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Q3 FY25 saw robust retail growth and strong execution despite macro headwinds, with retail disbursements up 5% and the retail book up 23% year-on-year. Asset quality remained stable, though credit costs in rural and microfinance peaked, with normalization expected by H2 FY26. Technology investments and risk-calibrated growth underpin a cautiously optimistic outlook.
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Q2 FY25 saw 17% YoY PAT growth, 28% retail book expansion, and strong disbursement momentum, despite rural and microfinance headwinds. Credit costs are expected to remain elevated in the near term, but robust provisioning and a diversified retail focus support cautious optimism for H2 FY25.
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Reported record quarterly PAT of INR 686 crore, up 29% year-on-year, with strong retail disbursement and book growth. Asset quality and collection efficiency remained robust, aided by disciplined credit guardrails and technology investments.