Q2 PAT Rs.735cr, up 5% QoQ
Investments by Mumbai-headquartered L&T Finance Ltd (LTF) in technology, talent, revamp and expansion of branch infrastructure and brand building have started to yield early dividends for India’s leading Non-Banking Financial Companies (NBFCs), Managing Director and CEO Sudipta Roy said on 22 Oct.
Roy said the group continues to focus on customer centricity as a part of 5-pillar execution strategy for growth, adding, “Our focus remained firmly on execution and growth, enabling us to deliver a strong performance in a quarter traditionally considered a weak one in the BFSI industry.
“The performance highlights the improved momentum in all our lines of business, across rural and urban geographies, driven by the transformation initiatives carried over the last few quarters.”
LTF recorded the highest ever Profit After Tax (PAT) of Rs.735 crore, up 5% Quarter-on-Quarter (QoQ) and 6% Year-on-Year (YoY) for the second quarter ended 30 Sept 2025 (Q2FY26).
During the quarter, the retail book size reached Rs.1,04,607 Crore, up 18% YoY. The company has recorded quarterly retail disbursement of Rs.18,883 Crore for the second quarter ended 30 Sept 2025, up 25% YoY.
The company’s customer-facing PLANET app, which has emerged as a powerful digital channel for customers, crossed more than 2 crore downloads as on 30 Sept, comprising more than 17.6 Lakh downloads on the rural side. As of date, this channel has done collections of over Rs.6,400 crore while servicing over 934 lakh requests and having sourced loans of over Rs.19,300 crore. PLANET App was also awarded the app with the ‘Best Digital Experience in Finance’ at the Global Fintech Fest, 2025.
‘Project Cyclops’ has been implemented in Two-wheeler Finance, Farm Equipment Finance, and SME Finance. It will be rolled out in Personal Loans in Q3FY26, Home Loans, and Rural Group Loans & MFI in FY27. The beta version of the AI driven real time automated portfolio monitoring engine ‘Project Nostradamus’ has been rolled out for the Two-wheeler business in August, 2025, a month ahead of the scheduled deployment date. Fiinews.com
