L&T Finance earnings calls.

L&T Finance delivered a strong Q1 FY27 with ₹902 crores PATCurrent reported value: ₹902 crores PAT. No comparable prior figure is available in the source record. (+29Current 29 crore vs previous available quarter 18 crore.% YoY), the highest quarterly consolidated profit, driven by robust retail disbursement growth of 36% YoYCurrent reported value: 36% YoY. No comparable prior figure is available in the source record. to ₹23,852 crCurrent ₹23,852 Cr. Reported change: +36% YoY.ores. The consolidated loan book crossed ₹1,29,634 croresCurrent reported value: ₹1,29,634 crores. No comparable prior figure is available in the source record. (+27% YoY), supported by stellar personal loan disbursement growth of 126% YoYCurrent reported value: 126% YoY. No comparable prior figure is available in the source record. and urban segment growth of 57% YoY. NIMs compressed 24bps to 8.54% due to rising debt equity (3.73x to 3.97x) and higher liquidity costs, though NIM plus fees remained stable at 10.47% as surplus liquidity deployment offset the impact. Credit cost improved 10bps sequentially to 2.54%Current 2.54%. Reported change: -10bps QoQ., demonstrating structural improvement from Cyclops implementation. The ROA of 2.48%Current reported value: 2.48%. No comparable prior figure is available in the source record. (up 11bps YoY) and ROE of 12.71% (up 185bps YoY) reflect quality growth. Gold loan business scaled to ₹3,829 croresCurrent ₹3,829 crores. Reported change: +182% YoY. (+182% YoY) with 343 branches, while rural business finance collection efficiency normalized to pre-crisis levels. Management remains committed to Luxure 2031 targets with three strategic priorities: cross-sell acceleration via agentic AI platform Hercules, productivity enhancement through proprietary AI co-pilots, and embedding tech DNA organization-wide. The key risk is geopolitical-driven liquidity volatility potentially pressuring NIMs and cost of funds, though management guided FY27 cost of funds may rise 4-5bps to 7.3-7.4%.