L&T Finance Limited — Investor Meet, 27-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

L&T Finance (LTF) reported record Q3 FY26 core PAT of ₹760 Cr (up 21% YoY) and retail disbursements of ₹22,701 Cr (up 49% YoY). Retail book grew 21% YoY to ₹1,11,990 Cr, with RoA at 2.37% (pre-exceptional). NIMs+Fees improved to 10.41%. Credit costs moderated 24 bps QoQ (ex-one-time co-borrower charge), driven by Project Cyclops improving asset quality in Two-Wheeler and Farm (Net Non-Starters down to ~0.4%). Gold Loan disbursements surged 43% QoQ to ₹1,408 Cr. Management is confident in sustained momentum, further asset quality improvement via digital tools, and achieving Lakshya 2026 RoA targets by Q4 FY27, backed by strong execution.