L&T Finance estimates 27% growth in Q2 retail disbursements and 29% growth in retail loan book
As filed · L&T Finance Limited has informed the Exchange regarding Company's Business Update for Q2FY2026-27.
What happened
FactL&T Finance estimated Q2FY2026-27 retail disbursements at approximately Rs. 24,000 crores, up approximately 27% year on year, while its retail loan book was estimated at approximately Rs. 1,34,500 crores, up approximately 29% year on year. Retailisation was estimated at 99%, compared with 98% in Q2FY2025-26; the figures are provisional and subject to limited statutory auditor review.
Why it matters
CapitSignal interpretationProduction and sales volumes are the operating data behind the next set of reported numbers.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
ContradictedOur YoY Retail Book growth for the quarter stood at 18% supported by strong performances in Farmer Finance disbursements with a 16% YoY growth, a 65% YoY growth in Personal Loans disbursement, a 24% YoY growth in Housing Loans and a 30% YoY growth in SME Finance disbursements.
We continue to maintain our focus on sourcing more prime and near prime customers who exhibit credit resilience, which led to the Prime customer share in our Two Wheeler Finance disbursements increasing to 84% in the month of June-25, which stood at 53% for the month of March-24.
Change
FactImplication
CapitSignal interpretationDebt
DelayedOverall, at a balance sheet level, we still sign up to that 2% to 2.2% corridor by Q4FY27 and over the Lakshya period, sub 2% is what we are signing up on.
Diversified liability mix has enabled the Company to firmly anchor Q1FY27 Weighted Average Cost of Borrowing (WACB) at 7.20% compared to 7.68% in Q1FY26, down 48 bps YoY.
Change
FactImplication
CapitSignal interpretationGuidance
WithdrawnWe have guided for an AUM growth for the full year between 20% to 25%.
We are confident that we'll hit that.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Volume trend against the prior period
- By the end of FY26, we plan on establishing a distribution strength of 300+ gold loan branches. (management committed by FY26)
- Following the launch of 200 branches in FY26, we are now working on deploying ~500 new branches in FY27, accel (management committed by FY27)
Evidence
- L&T Finance Limited has informed the Exchange regarding Company's Business Update for Q2FY2026-27.(opens the original filing in a new tab)
- Earlier statement · Q1 FY25
- Latest statement · Q1 FY25
- Earlier statement · Q4 FY25
- Latest statement · Q1 FY27
- Earlier statement · Q2 FY25
- Latest statement · Q2 FY25
How CapitSignal classified this
- Reasoning:
- The update points to strong expansion in L&T Finance’s retail lending activity and continued concentration of the business in retail. The figures remain estimated and provisional until limited review by the statutory auditors.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%