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17-Oct-2025

L&T Finance

Healthy retail loan growth at 18%, stable asset quality


'L&T Finance has recorded 6% growth in net profit to Rs 734.84 crore in the quarter ended September 2025 (Q2FY2026). The consolidated income from operations increased 10% to Rs 4037.41 crore for the quarter ended March 2025, while other income of the company declined 19% to Rs 298.38 crore. The total income increased 8% to Rs 4335.79 crore for Q2FY2026.

Interest expenses increased 11% to Rs 1634.29 crore. Operating expenses moved up 10% to Rs 1017.08 crore, allowing the operating profits to improve 4% at Rs 1684.42 crore. The cost-to-income ratio was higher at 37.6% in Q2FY2026 from 36.3% in Q2FY2025. Depreciation jumped 53% to Rs 50.95 crore, while provisions fell 1% to Rs 644.61 crore.

Profit before tax rose 5% yoy basis at Rs 988.86 crore. Effective tax rate eased to 25.7% in Q2FY2026 from 25.9% in Q2FY2025. Net Profit of the company, after share in profit of associates and non-controlling interest, improved 6% to Rs 734.84 crore for Q2FY2026.

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