The company recorded robust retail disbursements of Rs. 23,852 crore in the quarter ended June 30, 2026, representing a 36 per cent year-on-year increase. Alongside its financial growth, L&T Finance accelerated technology deployment as part of its transformation into an AI-native lending institution.
The company's customer-facing PLANET application crossed more than 2.5 crore downloads as of June 30, 2026, including more than 20 lakh rural customers. By the end of the quarter, the platform had processed collections exceeding Rs. 11,500 crore, serviced more than 14 crore customer requests, and sourced loans worth around Rs. 34,462 crore. The Partner PLANET application also strengthened digital engagement across the dealer network by onboarding more than 4,400 dealers, facilitating over 51,000 logins, and enabling trade advance withdrawals exceeding Rs. 590 crore.
Commenting on the quarterly performance, Managing Director and Chief Executive Officer Sudipta Roy said the company remained focused on disciplined execution despite an evolving macroeconomic environment shaped by geopolitical uncertainties, inflationary pressures, and elevated borrowing costs. He stated that the diversified retail franchise continued to demonstrate resilience by delivering strong business momentum and healthy loan book growth aligned with the objectives of the Lakshya 2031 strategic plan.
Roy said continued investments in technology, analytics, and artificial intelligence have become a key differentiator in enhancing customer experience and improving credit outcomes. He added that the company's proprietary artificial intelligence ecosystem is increasingly being embedded across the entire lending value chain, from sourcing and underwriting through the in-house AI credit engine "Project Cyclops" to portfolio monitoring through "Project Nostradamus," supported by a growing suite of internally developed AI copilots and intelligent agents. According to him, these capabilities are enabling superior credit selection, faster turnaround times, improved customer experience, enhanced operating efficiencies, and sustainable long-term growth.
He further stated that the Indian economy continues to demonstrate resilience, supported by healthy government expenditure, improving infrastructure, and sustained consumption trends. Roy also noted that the Rural Business Finance vertical has returned to a growth trajectory, supported by healthy business parameters across customer acquisition, disbursement growth, and collection efficiency.
Reaffirming the company's long-term strategy, Roy said that as L&T Finance enters the first full year of its Lakshya 2031 journey, it will continue to focus on delivering consistent, profitable, and high-quality growth by investing in innovation, strengthening distribution capabilities, and enhancing customer experience while building a future-ready, AI-native financial institution capable of remaining resilient across economic cycles.
The company's diversified retail lending business continued to register strong growth across multiple segments during the first quarter. Rural Business Finance recorded a loan book of Rs. 32,493 crore, up 22 per cent from Rs. 26,616 crore in the corresponding quarter of the previous financial year, while quarterly disbursements increased 24 per cent to Rs. 6,961 crore from Rs. 5,618 crore.
Farmer Finance expanded its loan book by 11 per cent to Rs. 17,514 crore from Rs. 15,756 crore, with quarterly disbursements rising to Rs. 2,453 crore from Rs. 2,200 crore, also reflecting an 11 per cent increase.
Two-Wheeler Finance recorded a 22 per cent rise in its loan book to Rs. 15,068 crore from Rs. 12,331 crore, while quarterly disbursements surged 41 per cent to Rs. 3,006 crore from Rs. 2,128 crore.
Personal Loans emerged as one of the fastest-growing segments, with the loan book soaring 80 per cent to Rs. 16,917 crore from Rs. 9,383 crore. Quarterly disbursements jumped 126 per cent to Rs. 4,380 crore from Rs. 1,942 crore.
Housing Loans and Loan Against Property registered a 20 per cent increase in the loan book to Rs. 31,630 crore from Rs. 26,464 crore. Quarterly disbursements rose 22 per cent to Rs. 3,401 crore compared with Rs. 2,780 crore in the same period last year.
SME Finance expanded its loan book by 28 per cent to Rs. 8,884 crore from Rs. 6,964 crore, while quarterly disbursements increased 23 per cent to Rs. 1,567 crore from Rs. 1,273 crore.
Gold Finance delivered the strongest loan book growth among all business segments, surging 182 per cent to Rs. 3,829 crore from Rs. 1,360 crore. Quarterly disbursements increased 26 per cent to Rs. 1,928 crore from Rs. 1,530 crore.
Headquartered in Mumbai, L&T Finance is one of India's leading NBFCs offering a wide range of financial products and services. The company holds the highest domestic credit rating of AAA from four leading rating agencies. In August 2025, S&P Global Ratings upgraded its long-term issuer credit rating to BBB with a Stable outlook from BBB- with a Positive outlook and its short-term issuer credit rating to A-2 from A-3. Fitch Ratings has also affirmed the company's long-term foreign and local currency issuer default ratings at BBB- with a Stable outlook. L&T Finance has received recognition from global and national Environmental, Social, and Governance rating providers for its sustainability performance, has been certified as a Great Place To Work, and has received multiple awards for its flagship corporate social responsibility initiative, Digital Sakhi, which promotes women's empowerment along with digital and financial inclusion.
With a customer database exceeding 2.9 crore, L&T Finance continues to strengthen its position through cross-selling, up-selling, and customer acquisition while pursuing its transformation into a risk-first, technology-first, AI-native retail financial services institution under the Lakshya 2031 strategic plan. The company's record financial performance in the opening quarter of FY27 reflects sustained business expansion, accelerating digital adoption, and a continued focus on technology-led, profitable growth across India's retail lending landscape.
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