L&T Finance Limited — PPTs, 24-04-2026: Investor Presentation

L&T Finance reported strong Q4FY26 and FY26 results.

**Business Performance:** Q4 PAT jumped 27% YoY to ₹ 807 Cr, contributing to an annual PAT of ₹ 2,981 Cr (+13% YoY). Retail disbursements surged 62% YoY in Q4 to ₹ 24,107 Cr, growing the retail book 26% YoY to ₹ 1,19,508 Cr. Top segments driving growth included Gold Finance (+97%), Personal Loans (+98%), and Two-Wheeler Finance (+58%). Consolidated RoA was 2.40% (Q4) and 2.37% (FY26), with RoE at 11.71% (Q4) and 11.25% (FY26). Asset quality improved, with consolidated GS3 at 2.88% and NS3 at 0.96%, meeting Lakshya 2026 targets.

**Growth Drivers/Strategy:** The company is rapidly evolving into an AI-driven Prime Retail franchise. Its digital AI stack (Cyclops & Nostradamus) is fully implemented across major products, significantly enhancing underwriting and collections. Strategic focus includes expanding Gold Finance branches (now 330) and leveraging Big Tech Partnerships for Personal Loans.

**Recent Developments:** AI initiatives successfully reduced delinquencies. The wholesale book saw a 14% YoY reduction to ₹ 2,220 Cr.

**Management Outlook:** Having largely achieved Lakshya 2026 goals, L&T Finance's Lakshya 2031 strategy targets over 20% book growth, RoA of 3.0-3.2%, and RoE of 16-18%, aiming to be a 'Premier AI-enabled BFSI institution in India'.