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L&T Finance
SectorFinancial Services
L&T Finance Holdings Ltd. (LTFH) is a financial holding company registered with RBI as a CIC-ND-SI, offering financial products and services across rural, housing, and wholesale finance sectors. It also provides mutual fund products and wealth management services through its wholly-owned subsidiaries. LTFH is promoted by Larsen & Toubro Ltd. The company's business segments include wholesale finance, housing finance, and rural finance. LTFH was incorporated in 2008 and has since expanded through acquisitions and organic growth. Its key subsidiaries include L&T Finance Ltd., L&T Housing Finance Ltd., and L&T Infrastructure Finance Company Ltd. The company has undergone various corporate actions, including mergers, acquisitions, and capital raising activities to support its growth. LTFH focuses on select products in lending businesses such as rural finance, housing finance, and wholesale finance.
In the news
L&T Finance's Retail Revolution: How 99% Pure Retail Is Reshaping Risk and Returns
Weak Monsoon Dents Rural Demand as Tractor Sales Fall 21% in September
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Trump's $5B Gulf Energy Fund Creates New Opportunities for L&T
L&T Finance to add 500 gold loan branches annually
NBFCs enter durable recovery phase; MOFSL backs L&T Finance, PNB Housing
Titan, L&T Finance top picks for Aug 31 week: Motilal Oswal
L&T Finance's AI-Powered Q1 FY2027 Triumph: Profit Soars 29% on Retail Surge
L&T Secures Heavy Civil Infrastructure Contract
The Quarter story
The two most recent quarterly results, compared side-by-side.
Loan book and profits rise, but liquidity buffer and leverage tighten
Loan book is up from ₹1,07,096 Cr in Q2 FY26 to ₹1,36,635 Cr in Q2 FY27 — the core lending book is expanding
6-12 month positive gap ratio is down from 115% in Q2 FY26 to 77% in Q2 FY27 — liquidity buffer is thinner
Return on equity is up from 11.33% in Q2 FY26 to 13.56% in Q2 FY27 — profitability is improving
Closing debt/equity is up from 3.71x in Q2 FY26 to 4.21x in Q2 FY27 — leverage is rising
Gold finance book is up from ₹1,475 Cr in Q2 FY26 to ₹5,043 Cr in Q2 FY27 — the gold segment is scaling fast
Urban book mix is up from 58% in Q2 FY26 to 62% in Q2 FY27 — growth is concentrating in urban lending
Personal loans book is up from ₹10,878 Cr in Q2 FY26 to ₹18,664 Cr in Q2 FY27 — unsecured retail is expanding
Servicing coverage is down from 100% in Q4 FY26 to 94% in Q2 FY27 — customer servicing reach is narrowing
Weighted average cost of borrowing is down from 7.32% in Q2 FY26 to 6.95% in Q2 FY27 — funding costs are easing
Farm equipment disbursements are down from ₹2,783 Cr in Q3 FY26 to ₹1,643 Cr in Q2 FY27 — rural equipment lending slowed
Company insights, generated from the most recent coverage.
Price below 15-min EMA(50) of Rs 260.63 and SMA(200) of Rs 261.97, 5-min MACD negative at -1.65 and ADX at 33.28 — trend strength, not noise. 15-min RSI at 35.48 is weak but not yet washed out, so downside is not exhausted.
Retail GS3 at 2.43% and NS3 at 0.73% improved in Q2 FY27, with consolidated NS3 at 0.85%. Asset quality is getting better even as personal loans compound at triple digits — the fast-growing unsecured book is not yet showing stress.
September block trades printed at falling prices — ~Rs 285.70 on 24 Sep and ~Rs 268.20 on 30 Sep — evidence that large-holder supply was already in the tape well before results. Mutual funds adding shares in September did not arrest a ~19% slide from ~Rs 321.