L&T Finance533519Quarterly results

Q2FY27 press release: highest ever consolidated PAT of Rs. 975 Crore and highest ever book of Rs. 1,36,635 Crore

Q2FY27 release: highest ever consolidated PAT of Rs. 975 Crore and highest ever consolidated book of Rs. 1,36,635 Crore.

By ScoutQuest · Thu 15 Oct 2026, 7:36 PM IST · 2 min read

Consolidated PAT: Rs. 975 Crore
Consolidated book: Rs. 1,36,635 Crore
Gross Stage 3 / Net Stage 3: 2.75% / 0.85%

What the release covers

The company has issued a press release in relation to its unaudited financial results (consolidated and standalone) for the quarter and half year ended September 30, 2026. The release sets out the headline performance, asset quality, cost of funds, digital and AI initiatives and distribution reach.

Headline performance (consolidated)

Profit After Tax (PAT): Rs. 975 Crore, described as the highest ever.
Consolidated book: Rs. 1,36,635 Crore, also described as the highest ever.
Retail book: Rs. 1,34,600 Crore.
Retail disbursements in the quarter: Rs. 24,027 Crore.

The release states that retail book growth is running ahead of the over 20% target mentioned for the Lakshya 2031 trajectory, and that growth came across business segments in both rural and urban geographies with a focus on high yielding loan products.

Asset quality and cost of funds

Gross Stage 3 (GS3): 2.75%
Net Stage 3 (NS3): 0.85%
Return on Assets (RoA): 2.60%
Weighted Average Cost of Borrowing (WACB): 6.95%, which the release calls its lowest ever.

The release attributes the borrowing cost level to continued leveraging of the rural asset profile, contracted low-cost tenor funding and favourably repricing bank funding lines. It also refers to improved NIMs and fees, lower credit cost and a strengthening collections infrastructure.

Technology and AI push

The release says the company is working towards becoming a risk-first, technology-first and AI-native retail financial services institution under its Lakshya 2031 plan. It lists AI co-pilots across underwriting, portfolio management, mortgage legal processes and SME fraud screening, an agentic AI-based cross-sell platform in beta, and an internal programme to build customised AI agents. It also refers to the PLANET app's rural interface with multilingual capabilities, including Hindi, and to Partner PLANET for dealer engagement.

Distribution reach

The release describes a pan-India retail franchise led by distribution depth across rural and urban geographies, with active sourcing points across businesses and a Gold Finance branch network set up after the acquisition of that business in June 2025.

What a reader can take from it

This is a quarterly results press release. It sets out growth in the consolidated and retail books, disbursement volumes, asset quality ratios, return on assets and cost of borrowing, along with the company's stated technology and distribution priorities. The perception it can create is of a quarter with reported growth across retail segments, improved asset quality ratios and a lower cost of borrowing, as stated in the release.

Also from L&T Finance