L&T Finance Limited — Q2FY27 earnings call summary

Filed 26 October 2026 · Official transcript

AI initiatives (Project Cyclops, Hercules, Nostradamus) driving credit quality, underwriting, and cross-sell
Lakshya 2031 targets reaffirmed: 20%+ book CAGR, 3.0%-3.2% RoA by FY31, 16%-18% RoE by FY31
Credit cost improved to 2.46%, targeting 2%-2.2% by Q4FY27; NIMs + Fees stable at 10.48%
Cost of funds lowered to 6.95%; incremental borrowing rates up 30-50 bps; liability management to mitigate repo hikes
IRDAI insurance commission rationalization under consultation; company confident of mitigating impact via new revenue streams and cost efficiencies
Rural disbursements calibrated due to monsoon variability; no visible risk pockets; strong collection efficiency ~99.7%-99.8%
Q2FY27 consolidated PAT ₹975 Cr, +33% YoY; consolidated book ₹1.37 tn, +28% YoY; RoA 2.60%, RoE 13.56%
Retail disbursements ₹24,027 Cr, +27% YoY; strong growth in Personal Loans (+72%), Two-Wheelers (+24%), Gold Loans (+242%)