L&T Finance Limited (LTF) announced its unaudited financial results for the quarter and nine months ended December 31, 2025 (Q3FY26). The company recorded its highest ever core Profit After Tax (PAT) of ₹760 Crore (before one-time impact of New Labour Code provision), representing a 21% year-on-year (YoY) increase. After accounting for the one-time impact of ₹29 Crore due to the New Labour Code, the PAT stood at ₹739 Crore, up 18% YoY.

Quarterly retail disbursements reached an all-time high of ₹22,701 Crore, a significant 49% YoY growth. The retail portfolio expanded by 21% YoY to ₹1,11,990 Crore, contributing 98% to the overall book. The consolidated loan book grew by 20% YoY to ₹1,14,285 Crore.

Key business segments also showed strong performance. Two-Wheeler Finance and Farmer Finance achieved their highest ever disbursements at ₹3,217 Crore (up 33% YoY) and ₹2,783 Crore (up 12% YoY), respectively. Net Interest Margins (NIMs) plus Fees improved sequentially by 19 basis points (bps) QoQ to 10.41%.

Asset quality saw improvement, with Gross Stage 3 (GS3) reducing to 3.19% and Net Stage 3 (NS3) to 0.92%. Credit cost also decreased sequentially by 15 bps to 2.83%. Return on Assets (RoA) stood at 2.31% (before exceptional items).

Mr. Sudipta Roy, Managing Director & CEO, LTF, highlighted the favorable macro-tailwinds and the company's focus on delivering a standout performance. He emphasized the transformation into a risk-first, tech-first, multi-product retail financier, driven by digital initiatives like 'Project Cyclops', 'Project Nostradamus', and 'Project Helios'.