L&T Finance Ltd. Records Consolidated PAT of Rs. 701 Crore for the First Quarter Ended June 30, 2025 (Q1FY26), up 10% QoQ and 2% YoY
Debut Investment Grade Credit Rating has been assigned to LTF by international rating agencies (S&P Global Ratings and Fitch Ratings). S&P Global Ratings has assigned LTF 'BBB-' long-term and 'A-3' short-term issuer credit rating. The outlook on the long-term rating is Positive. Fitch Ratings has assigned LTF long-term foreign and local currency Issuer Default Ratings (IDR) of 'BBB-' with a Stable outlook. These long-term ratings are investment grade and are at par with India's Sovereign Credit Rating. This will enable the Company to tap global capital markets, further diversify its liability franchise, and deepen investor base.
'Project Cyclops', in-house developed proprietary credit underwriting engine by LTF, has been rolled-out for SME Finance and its advanced version is implemented in Two-wheeler Finance.
The Company's customer-facing PLANET app, which has emerged as a powerful digital channel for customers, crossed more than 1.86 Crore downloads as on date, comprising more than 16.7 Lakh downloads on the rural side. As of date, this channel has done collections of over Rs. 4,800 Crore while servicing around 7.85 Crore requests and has sourced loans of over Rs. 15,500 Crore. The Company has launched a revamped customer-centric website and the next-generation PLANET 3.0.
Commenting on the financial results, Mr. Sudipta Roy, Managing Director & CEO, LTF said, 'In a challenging quarter, our Company remained focused on outcomes and achieved a resilient performance while showcasing our ability to manage market headwinds. This performance is on the back of our commitment to sourcing creditworthy customers backed by technology and robust credit guardrails, while keeping a strong focus on collection efficiency across businesses. Our 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 going forward.
In the quarter, we achieved the highest-ever consolidated book of over Rs. 1 Lakh Crore milestone and added a secured high yield product to our loan portfolio i.e., Gold Loan. Our company has been assigned a debut investment grade credit rating of 'BBB-/Positive' by S&P Global Ratings and 'BBB-/Stable' by Fitch Ratings. This rating will serve as a foundation for further diversifying our liability franchise by accessing financing opportunities across the global capital markets. Our AI-driven next-gen digital credit engine, 'Project Cyclops' is starting to yield early dividends in our Two-wheeler finance business, and during the quarter, 'Project Cyclops' was scaled up in Farm business and launched in the SME finance business. We remain focused on continuously strengthening our risk and credit frameworks, which will serve us well in times to come.' Key Highlights: Robust Retail Franchise: The Company's granular and deep pan-India Retail franchise is led by its strong distribution capabilities namely, its geographic presence in around 2 Lakh villages from around 2,089 rural meeting centers/branches and 407 branches across urban centers. This extensive geographic presence is also supported by over 13,000 distribution points built over a decade. The Company also leverages over 2.6 Crore of its customer database to drive a credible cross-sell and up-sell franchise contributing 35% of the Company's repeat disbursements share in value and 49% in count during Q1FY26.
Building a diversified retail franchise: Rural Business Finance Q1FY26 disbursements at Rs. 5,618 Crore vs. Rs. 5,773 Crore, down 3% YoY. Book size at Rs. 26,616 Crore vs. Rs. 25,887 Crore, up 3% YoY.
Farmer Finance Q1FY26 disbursements at Rs. 2,200 Crore vs. Rs. 1,903 Crore, up 16% YoY. Book size at Rs. 15,756 Crore vs. Rs. 14,204 Crore, up 11% YoY Two-wheeler Finance Q1FY26 disbursements at Rs. 2,128 Crore vs. Rs. 2,621 Crore, down 19% YoY. Book size at Rs. 12,331 Crore vs. Rs. 12,025 Crore, up 3% YoY Personal Loans Q1FY26 disbursements at Rs. 1,942 Crore vs. Rs. 1,178 Crore, up 65% YoY. Book size at Rs. 9,383 Crore vs. Rs. 6,667 Crore, up 41% YoY Housing Loans and Loans Against Property Q1FY26 disbursements at Rs. 2,780 Crore vs. Rs. 2,245 Crore, up 24% YoY. Book size at Rs. 26,464 Crore vs. Rs. 19,961 Crore, up 33% YoY SME Finance Q1FY26 disbursements at Rs. 1,273 Crore vs. Rs. 978 Crore, up 30% YoY. Book size at Rs. 6,964 Crore vs. Rs. 4,471 Crore, up 56% YoY During the quarter, LTF launched a Business Loan campaign with the tagline, 'Aapke Business Ka Game Changer' featuring Indian cricketer Jasprit Bumrah. The campaign highlighted how the Business Loan is offered through a digital application process for quick and efficient funding, it has a rapid disbursal providing timely capital, and an app-based withdrawal facility offering flexible cash flow management.
About L&T Finance Ltd. (LTF) L&T Finance Ltd. (LTF) (www.LTFINANCE.com)), formerly known as L&T Finance Holdings Ltd., (LTFH) is a leading Non-Banking Financial Company (NBFC), offering a range of financial products and services. Headquartered in Mumbai, the Company has been rated 'AAA' — the highest credit rating for NBFCs — by four leading rating agencies. It has also received leadership scores and ratings by global and national Environmental, Social, and Governance (ESG) rating providers for its sustainability performance. The Company has been certified as a Great Place To Work® and has also won many prestigious awards for its flagship CSR project – 'Digital Sakhi'- which focuses on women's empowerment and digital and financial inclusion. Under Right to Win, being in the 'right businesses' has helped the Company become one of the leading financiers in key Retail products. The Company is focused on creating a top-class, digitally enabled, Retail finance company as part of the Lakshya 2026 plan. The goal is to move the emphasis from product focus to customer focus and establish a robust Retail portfolio with quality assets, thus creating a Fintech@Scale while keeping ESG at the core. Fintech@Scale is one of the pillars of the Company's strategic roadmap - Lakshya 2026. The Company has over 2.6 Crore customer database, which is being leveraged to cross-sell, up-sell, and identify new customers.
Facebook: https://www.facebook.com/LnTFS LinkedIn: https://www.linkedin.com/company/lntfinance/ Instagram: https://www.instagram.com/lntfinance/ YouTube: https://www.youtube.com/user/ltfinance X: https://x.com/LnTFinance (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
2 minutes ago
- Business Standard
Angel One, LivWell announce ₹4 billion JV for digital life insurance
Angel One on Wednesday said it proposes to enter a joint venture with LivWell, a Singapore-based lifestyle and wellness-focused insurtech, to set up a digital-first life insurance company, subject to regulatory approvals. Angel One is proposed to hold a 26 per cent stake in the company, with the remaining 74 per cent to be held by LivWell Holding Company PTE Ltd. In its press release, the company said: 'Angel One, India's leading FinTech platform, proposes to enter into a JV with LivWell to promote a digital-first life insurance company, subject to regulatory approvals. The proposed company, with a capital infusion of Rs 4.0 billion, is being co-promoted by Angel One Ltd (26 per cent) and LivWell Holding Company PTE Ltd (74 per cent), with a shared vision of redefining access to life insurance in India through technology and trust.' The proposed company will see a capital infusion of Rs 4 billion from both entities. LivWell is backed by Olympus Capital, an Asia-focused private equity firm with over $2.6 billion invested. Wilf Blackburn, former regional chief executive officer of Prudential Asia, is proposed to chair the venture, while Nikhil Verma, former deputy CEO of Aviva Vietnam, is proposed to lead as CEO. Angel One and LivWell aim to address underinsurance in the country with 'simple, reliable and protection-led offerings, backed by seamless digital experiences. The JV will focus on operating on a digital-first architecture, leveraging tech-driven automation and personalisation to make insurance affordable, accessible and aligned to real-life needs,' the release said. Ambarish Kenghe, group CEO at Angel One Limited, said: 'As India embraces digital financial services, insurance too must be accessible, transparent and seamlessly delivered through trusted platforms. This partnership also deepens our offerings across the financial lifecycle—bringing us closer to delivering a seamless, end-to-end experience across savings, investing and protection. The products sourced from this JV will help strengthen our digital distribution framework for the protection segment, further fortifying our long-term association with our clients.' 'At LivWell, we have seen how protection products, when delivered with simplicity and purpose, can drive meaningful impact at scale. In our first market, Vietnam, embedded, digital-first insurance models have demonstrated strong potential for scale, proving that trust and reach can go hand in hand. India presents a unique opportunity not just because of the protection gap, but because consumer expectations have fundamentally evolved. With Angel One's digital reach and market credibility, we see a strong alignment to build a next-generation digital insurer that is relevant to today's customers, accessible and future-ready,' said Nikhil Verma, CEO, LivWell.
Deccan Herald
2 minutes ago
- Deccan Herald
Bengaluru bizman fined Rs 40L for unpaid road tax on luxury cars bought from Amitabh Bachchan, Aamir Khan
Bengaluru: Transport authorities have fined scrap dealer-turned-billionaire Yousuf Shariff, popularly known as KGF Babu, nearly Rs 40 lakh for using two Maharashtra-registered Rolls-Royce cars in Bengaluru without paying the required road tax. One of the cars (MH11-AX-0001) was bought second-hand from Bollywood legend Amitabh Bachchan, and the other (MH 02-BB-0002) from actor Aamir Khan. A team led by Joint Commissioner of Transport (Bengaluru Urban) Shobha M searched Shariff's residence in Vasanthnagar on Wednesday and inspected his collection of luxury cars. .Ferrari owner in Bengaluru forced to pay Rs 1.42 crore after evading found that both Rolls-Royces were being used in Karnataka without paying the applicable road tax. As per transport department rules, any vehicle registered outside Karnataka and used continuously in the state for over a year must pay the applicable road tax. The department fined Shariff Rs 19,83,367 for the Rolls-Royce bought from Khan, and Rs 18,53,067 for the one purchased from Bachchan. Shobha said Yelahanka RTO officials had noticed the Rolls-Royces being used in Bengaluru and issued notices to Shariff. "He did not respond to the notices and claimed he was in Mumbai — and so were the cars," Shobha told DH. However, department officials recently discovered that both cars were being used regularly in Bengaluru and decided to take action. "We visited his residence and found both cars. We conducted an inspection and asked him to pay the applicable road tax and fine. He paid through demand drafts as we don't accept cheques," Shobha said. She added that both cars were quite old. Bachchan's Rolls-Royce is 17 years old, while the one bought from Khan is 15 years old. Shariff bought Bachchan's car in 2021 and Khan's in 2023, the official said. Shariff's wife Shaziya Tarannum confirmed the development to DH, stating that the applicable fines had been paid through demand drafts. A native of Kolar Gold Fields (KGF), Shariff is also known by the nicknames Gujri Babu, Scrap Babu and Raddi Babu, a reference to his earlier business of scrap trade. Shariff later made it big in real estate. In 2021, Shariff contested the Karnataka Legislative Council election from the Bangalore Urban local authorities' constituency on a Congress ticket but lost. He had declared assets worth Rs 1,744 crore belonging to himself and his family, making him one of the richest political candidates in Karnataka. In 2023, he contested the assembly election from Chickpet in Bengaluru as an independent after the Congress denied him the ticket. He secured 20,931, or 16.25%, of the total votes caste, finishing third. The BJP's Uday Garudachar won the seat with 57,299 votes. The Congress candidate, RV Devaraj, came second with 45,186 votes.
News18
9 minutes ago
- News18
Important cases heard by Delhi High Court on July 23
Agency: PTI Last Updated: Important cases heard by the Delhi High Court on Wednesday, July 23: * NewsClick case: Delhi HC grants pre-arrest bail to Prabir Purkayastha. * Create awareness about one-stop centres among people: Delhi HC tells govt. * HC asks ED to respond to Aslam Wani's plea to quash money laundering case. * Delhi HC seeks govt's response on plea against 'unauthorised construction'. * HC awards Rs 5 lakh costs to Veerji Malai Chaap restaurant in trademark infringement suit. PTI UK SKV UK MNK MNK Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
