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Retail Reign: L&T Finance Hits ₹998 Bn Milestone in Q1 FY26 Push

Updated: July 03, 2025 17:24

Image Source: The Samikhsya
L&T Finance Ltd has kicked off FY2025–26 with a strong retail-focused performance, reinforcing its “Lakshya 2026” strategy to become a fully retail NBFC. The company’s Q1 estimates reveal aggressive growth in disbursements and a near-complete shift away from wholesale lending.
 
Key Highlights:
  • Retailisation Milestone: Retail assets now account for ~95% of the total loan book, marking a near-complete transition from wholesale finance.
  • Retail Loan Book: Estimated at ₹998 billion, up 31% YoY, driven by robust growth in microfinance, home loans, SME, and two-wheeler segments.
  • Retail Disbursements: Touched ₹175.10 billion in Q1 FY26, maintaining momentum from previous quarters and reflecting strong demand across urban and rural markets.
  • Asset Quality: Gross Stage 3 assets held steady at 3.14%, while Net Stage 3 improved to 0.79%, backed by a healthy 75% provision coverage.
  • Profitability Metrics: Consolidated Return on Assets (RoA) rose to 2.68%, up 55 bps YoY, with PAT expected to surpass ₹686 crore for the quarter.
  • Digital Edge: The company’s “Planet” app crossed 4.4 million downloads, supporting customer acquisition and servicing across geographies.
  • Strategic Outlook: Management expects retail loan growth of 20–25% for FY26, with credit costs easing to 2.3–2.4%, aided by automation and underwriting upgrades.
L&T Finance’s retail-first pivot is not just ahead of schedule—it’s reshaping the NBFC landscape with scale, precision, and digital agility.
 
Source: Economic Times, Moneycontrol, L&T Finance Investor Presentation

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