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L&T Finance share price & results

L&T Finance Ltd· Financial Services

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

L&T Group's Upper Layer NBFC offering two-wheeler, farm, rural microfinance, gold, SME and personal loans.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue5,484 ₹ crore+26.5% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating marginUnavailable—Operating profit / revenueQuarter to Sept 2026Not in the filed figures for the quarter to sept 2026. No older figure is substituted.
Net profit973 ₹ crore+32.4% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity11.76 %+0.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow marginUnavailable—Fiscal yearFY ending Mar 2026Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)19.91 %+0.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

4 of 5 judged targets kept · 19 open · verdicts reflect calls analysed to Q1 FY27.

L&T Finance Ltd management guidance track record on Inve: 24 targets tracked across analysed earnings calls (4 achieved, 1 missed, 19 open).

TargetOriginal wordingSaidLatest callVerdict
Project Cyclops Rollout (Farm & SME)full implementation by Q2FY26
Call transcript, Q1 FY26 · 21 Jul 2025		Q1 FY26Q1 FY27:Promise previously achieved. No new update.
Call transcript, Q1 FY27 · 13 Jul 2026		Achieved
Credit Costtrajectory of about 2.3% to 2.5% by Q4 FY26 exit
Call transcript, Q1 FY26 · 21 Jul 2025		Q1 FY26Q1 FY27:Promise previously missed. No new update.
Call transcript, Q1 FY27 · 13 Jul 2026		Missed
New Gold Loan Branches400+
Call transcript, Q4 FY26 · 5 May 2026		Q4 FY26Q1 FY27:Target revised upwards from '400+' to '~500' new branches for FY27, indicating accelerated expansion plans.
Call transcript, Q1 FY27 · 13 Jul 2026		Revised Up

Source: Inve Guidance Tracker for L&T Finance Ltd · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of L&T Finance Ltd's 24 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 21 more targets are in the full ledger.

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Price

₹240.8 −0.12% · −₹0.3

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −9.8% 1Y

₹240₹260₹280₹300₹320₹340Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 19 Jan 2026Q4 FY26 — 5 May 2026Q1 FY27 — 13 Jul 2026Q2 FY27 — 26 Oct 2026

1Y: ₹267 on 24 Oct 2025 → ₹240.8. High ₹335.6 (6 Jul 2026), low ₹237.5 (23 Oct 2026).

Previous close
₹241.1
Market cap
₹60.4k Cr
52-week range
₹237.5 – ₹335.6
One year
−9.86%
Price to earnings (TTM to Sept 2026)
17.56×
Return on equity (TTM to Sept 2026)
11.76%

Overview

Symbol
NSE:LTF
Exchange
NSE
Currency
INR

What L&T Finance Ltd does

Based on the company's own presentations, annual report and earnings calls.

L&T Finance is an RBI-classified Upper Layer NBFC and part of the Larsen & Toubro Group, incorporated in 1994 and headquartered in Mumbai. It is a multi-product retail financier built around three fulcrum products — Rural Group Loans & Micro Finance (JLG), Two-Wheeler Finance and Farm Equipment Finance — alongside Personal Loans, Home Loans & Loan Against Property, SME Loans, Micro Loan Against Property and a Gold Finance business added through acquisition. It earns by originating and servicing retail loans to individuals, farmers, entrepreneurs and small businesses across rural and urban India through a pan-India branch and meeting-centre network, funded by market borrowings. Credit decisioning and portfolio management are increasingly AI-led, using in-house systems such as Cyclops, Nostradamus, Orion and Helios.

Segments

  • Rural Group Loans & Micro Finance (JLG)
  • Two-Wheeler Finance
  • Farm Equipment Finance
  • Personal Loans
  • Home Loans & Loan Against Property (LAP)
  • SME Loans
  • Micro Loan Against Property (MLAP)
  • Gold Finance
Customer base
2.8 Cr+ customers
Branch network
2,840+ branches across India (2,311 rural, 529 urban)
JLG/Micro Finance meeting centres
2,167 meeting centres
Dedicated Gold Finance branches
330 branches
Geographic reach
~2 lakh villages and 450+ cities & towns
Core product lines
8: Rural Group Loans & Micro Finance (JLG), Two-Wheeler Finance, Farm Equipment Finance, Personal Loans, Home Loans & LAP, SME Loans, MLAP, Gold Finance
Founded 1994Headquarters Mumbai, Maharashtra, India Company website

How the price took the results

close before → close after

Q2 FY27
+1.5%
26 Oct
Q1 FY27
+1.1%
13 Jul
Q4 FY26
+1.7%
5 May
Q3 FY26
+1.2%
19 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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