L&T Finance · Material risks, their source context, and severity in the latest available quarter.
ConCallIQ research layer
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Risk intelligence
Post repo rate cuts, housing loan rates have faced downward pressure with increased competition. Management is being judicious and focusing on LAP over pure home loans, leading to moderated housing disbursement growth (-2% QoQ).
Personal loan disbursements grew 114% YoY and 50% QoQ to ₹2,918 Cr. While management emphasizes risk-calibrated growth and strong credit guardrails, the speed of scaling through digital partnerships warrants close tracking of early delinquency indicators.
Newly acquired gold loan business is scaling rapidly (₹983 Cr quarterly disbursements) with 330+ branches targeted by FY26 end. Integration into multi-product Sampoorna branches and maintaining credit quality while expanding geographically presents execution challenges.
Board approved utilization of ₹150 Cr of macro provisions during Q2, leaving residual balance of only ₹125 Cr. Rebuilding will depend on ARC portfolio resolutions over 18-24 months, potentially limiting buffer against future shocks.
