- L&T Finance reported a 39% rise in Q1 consolidated net profit to Rs 701.1 crore
- Total income for Q1 FY26 grew 13% to Rs 4,259.6 crore year-on-year
- Net interest income increased 8% to Rs 2,278.8 crore in the first quarter
L&T Finance Ltd. reported a 2.3% rise in consolidated net profit in the first quarter of financial year 2026, meeting analysts' estimates.
The bottom line came in at Rs 701.1 crore compared to Rs 685.5 crore in the same period last year, according to an exchange filing on Friday. Analysts' consensus estimates compiled by Bloomberg projected Rs 682 crore.
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L&T Finance Q1 FY26 Highlights (Consolidated, YoY)
Total income up 13% to Rs 4,259.6 crore versus Rs 3,784.6 crore.
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Net profit up 2.3% to Rs 701.1 crore versus Rs 685.5 crore (Bloomberg estimate: Rs 681 crore).
Net interest income up 8% to Rs 2,278.8 crore versus Rs 2,101.2 crore (Bloomberg Estimate: Rs 2,457 crore).
In a challenging quarter, L&T Finance remained focused on outcomes and achieved a resilient performance while showcasing the ability to manage market headwinds, according to Chief Executive Officer Sudipta Roy.
"This performance is on the back of our commitment to sourcing creditworthy customers backed by technology and robust credit guardrails, while keeping a strong focus on collection efficiency across businesses," Roy said.
L&T Finance's share price closed 1.69% higher at Rs 203.15 apiece on the NSE, compared to a 0.57% decline in the benchmark Nifty.
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