L&T Finance

L&T Finance delivered a strong Q4 FY26 with PAT of ₹87 crore (+27% YoY) and full-year PAT of ₹2,981 crore (+13Current reported value: 13. No comparable prior figure is available in the source record.% YoY, excluding one-time labor code impact). Retail disbursements hit a record ₹24,017 crCurrent ₹24,017 Cr. Reported change: +62% YoY.ore (+62% YoY), driving retail AUM to ₹1,19,558 crCurrent ₹1,19,558 Cr. Reported change: +26% YoY.ore (+26% YoY). Credit cost moderated to 2.64%Current 2.64%. Reported change: -19 bps QoQ. (down 19 bps QoQ) aided by AI underwriting tool Cyclops. NIM plus fees improved to 10.47%Current reported value: 10.47%. No comparable prior figure is available in the source record. (+6 bps QoQ). Management guided for FY27 AUM growth of 20%+Current reported value: 20%+. No comparable prior figure is available in the source record. and credit cost of 2-2.2%Current reported value: 2-2.2%. No comparable prior figure is available in the source record. by Q4 FY27, targeting ROA of 2.8%Current reported value: 2.8%. No comparable prior figure is available in the source record. by exit FY27. The new Lakshya 2031 plan targets 20%+ AUM CAGR, credit cost <2%, and ROA of 3-3.2%. Key risk: West Asia conflict could disrupt fertilizer supply and impact rural portfolio quality.