LTF / language trends

Read confidence between the lines.

L&T Finance · tone and specificity signals across the available quarters.

Research layer active

Language signals

What changed in management language.

Q1-FY27 · Sudip Daway

While these numbers are robust, I would like to emphasize that we could have grown even faster. However, given the volatility in the economy, we chose prudence over aggressive expansion, maintaining our emphasis on responsible growth, disciplined underwriting, and superior portfolio quality. We proactively tightened our credit card guard rails during the quarter deliberately letting go of about 100 to 200 crores in potential disbursements forgoing a few percentage points of additional growth to firmly protect our asset quality.

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Q1-FY27 · Sudip Daway

We firmly believe that this AI native operating model will also become one of the defining competitive advantages of L&T Finance under Luxure 2031. What differentiates our approach is that we have consciously invested in building proprietary technological capabilities. Rather than deploying isolated AI use cases, we have architected an integrated intelligence platform that spans the entire lending life cycle from customer acquisition to underwriting to portfolio management, servicing, collections and customer engagement.

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Q1-FY27 · Sachin Jooshi

The ARC resolutions we already spoken about in the previous quarter. The PCR on the security receipts when we started off on this resolution process was 58% and that has now actually gone and increased to 68%. This shows there is a substantial buffer which has got created which is actually not required because we do this fair valuation on a regular basis but we have that money and that's why we are very confident that once the resolutions start happening ARC by ARC you will start seeing this credit coming into the P&L and our assurance has been that we will not take it to the P&L but we will utilize them to create macro provision.

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Q2-FY26 · Sudhakar Roy

We want to build a cycle resilient business... even when the cycle turns the risk cost of your portfolio does not go beyond a particular pain threshold and for that you can deliver that only when you have roughly 80 to 85% portfolio that is a back of the envelope sort of calculation that we have in what I call cycle resilient customers.

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Q2-FY26 · Sudhakar Roy

Our objective is to maintain NIM+P in the corridor of 10 to 10.5%. And we are reasonably confident that we should be able to do that.

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Q2-FY26 · Sudhakar Roy

What we are chasing is risk calibrated growth... Please understand here we are not chasing any particular growth number. If the risk calibrated growth makes us hit a particular number that is the number that we'll report to the market.

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Q3-FY26 · Sudiptha Roy

The normalization of the RBF business augurs well for our business momentum and we expect to make gains in the same.

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Q3-FY26 · Sepatha Roy

Credit cost trajectory will continue to improve now some quarter it might be a significant improvement some quarter it might be less than significant improvement because this also depends upon the collection efficiencies in that particular quarter.

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Q3-FY26 · Sachin Jooshi

We are very, very confident that as we move from quarter to quarter, the benefits of Cyclops will start flowing in and once the benefits start flowing in the models will also look at a lower PD-LGD coming into play because of a better performing book.

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