The company posted a net profit of ₹735 crore, up from ₹696 crore a year earlier and 5% higher sequentially.
Revenue for the quarter rose 8% year-on-year to ₹4,335 crore, while net interest income grew 10.3% to ₹2,403 crore.
The lender also reported its highest-ever quarterly retail disbursements at ₹18,883 crore, marking a 25% increase from the same period last year.
Retail loans now comprise 98% of the company’s book, which crossed the ₹1 lakh crore milestone for the first time, rising to ₹1,04,607 crore, up 18% year-on-year.
Asset quality remained stable with gross stage 3 loans at 3.29% and net stage 3 at 1.00%, while credit cost improved to 2.41% from 2.59% a year earlier.
The quarter also saw LTF’s international long-term issuer rating upgraded by S&P Global Ratings to “BBB/Stable” and a new partnership with Google Pay to expand personal loan origination. The company’s PLANET app surpassed two crore downloads, driving over ₹19,300 crore in loan disbursements and ₹6,400 crore in collections.
Managing Director and CEO Sudipta Roy said the company’s transformation initiatives under its Lakshya 2026 roadmap were gaining momentum, with digital investments and customer-centric strategies yielding results. He added that festive demand and favourable macro conditions were expected to drive continued growth in the second half of the fiscal year.
L&T Finance, a part of the Larsen & Toubro Group, aims to become a top-tier digitally enabled retail NBFC focused on financial inclusion and ESG-led growth.