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 PAT and retail disbursements, with strong growth across all segments and improved asset quality. Credit costs and operating ratios trended lower, while digital and AI initiatives enhanced efficiency. Guidance for NIM plus fees and credit cost remains positive.
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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 credit quality, and reduced risk, with Cyclops and Nostradamus at the core of underwriting and portfolio management. Digital platforms and partnerships drive record disbursements, while a tech-first culture and robust risk controls position the business for 20%-25% AUM growth and 2.8%-3% ROA by FY27.
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Reported record annual PAT and ROA, with 19% retail book growth and strong expansion in prime customer segments. Technology initiatives and risk-calibrated strategies are expected to drive further growth and efficiency, with FY26 guidance for 20%+ book growth and stable margins.
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Q3 FY25 saw 5% year-on-year growth in retail disbursements and 23% growth in the retail book, with asset quality maintained despite macro headwinds. Credit costs are expected to peak in Q4, but technology initiatives and a shift to prime customers support long-term ROA and growth targets.
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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.