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L&T Finance net profit rises 2% in Q1FY26, margins and fees moderate
Its net profit was Rs 686 crore in Q1 of the previous year.
LTF, the lending unit of engineering conglomerate Larsen and Toubro Ltd, posted a six per cent Y-o-Y growth in consolidated total income at Rs 2,548 crore in Q1FY26. Its NIM plus fees and other income declined to 10.22 per cent in Q1FY26 from 11.08 per cent in Q1FY25, LTF said in a statement.
The consolidated loan book size grew by 15 per cent Y-o-Y to Rs 1.02 trillion at the end of June 2025 from Rs 88,717 crore a year ago. It added a secured high yield product (gold loans) to its loan portfolio in Q1Fy26.
The impetus remains on risk calibrated business growth with a sharp focus on a strong asset quality, laying the foundation for a sustainable and predictable growth, he added.
Elaborating on segment-wise performance, the company said the disbursement in rural business finance was Rs 5,618 crore in Q1FY26, down three per cent. The outstanding book saw three per cent growth at Rs 26,616 crore at the end of June 2025.
In the farmer finance business, the disbursements were up 16 per cent to Rs 2,200 crore in Q1FY26. The outstanding book also grew by 11 per cent to Rs 15,756 crore in Q1FY26 from Rs 14,204 crore a year ago, LTF said.
In the housing finance and loans against property (LAP) segment, the disbursements were up 24 per cent to Rs 2,780 crore in Q1FY26 from Rs 2,245 crore in Q1FY24. The outstanding loan book grew 33 per cent to Rs 26,464 crore.
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Business Standard
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Economic Times
a few seconds ago
- Economic Times
NSDL nears listing deadline: How does the institutional giant measure up to CDSL's retail surge?
THE ECONOMIC TIMES NSDL is expected to start taking investor orders as early as next week, with the issue size scaled back to 5.01 crore shares from an earlier proposed 5.73 crore. As India's largest depository heads for a SEBI-mandated IPO by July 31, investor focus sharpens on how NSDL compares to its listed peer CDSL, whose stock has surged 44% over the past Securities Depository Ltd (NSDL), the country's oldest and largest depository by value of assets under custody, is nearing its much-anticipated stock market debut, with Securities and Exchange Board of India (Sebi) mandating a listing by the end of while investors await clarity on the final date, comparisons with its nimbler rival Central Depository Services Ltd (CDSL) have come into sharp focus, especially after NSDL's unlisted shares corrected nearly 20% from their 52-week highs, even as CDSL's listed stock rallied 45% over the past 12 months. According to Bloomberg, NSDL is expected to start taking investor orders as early as next week, with the issue size scaled back to 5.01 crore shares from an earlier proposed 5.73 crore. The IPO, which may raise up to $500 million, will be an entirely offer-for-sale (OFS) issue from shareholders including IDBI Bank, the National Stock Exchange of India, and State Bank of India. NSDL will not receive any proceeds from the IPO. 'The NSDL–CDSL divergence is a textbook case of differing business models and market positioning,' said Bhavik Joshi, Business Head at INVasset PMS. 'NSDL's core strength lies in its institutional dominance — with over 89% of India's demat asset value under custody, and deep integration with mutual funds, insurance firms, and government securities.' 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7 minutes ago
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