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L&T Finance reported healthy provisional performance in Q1FY27

ICICIdirect Research 06 Jul 2026 DISCLAIMER

News: L&T Finance reported healthy provisional performance in Q1FY27, with retail disbursements estimated at ₹23,800 crore, up ~36% YoY, driven by robust traction across urban finance, rural business finance and gold finance. Segment-wise, urban finance disbursements stood at ₹10,760 crore (vs ₹6,851 crore in Q1FY26), rural business finance at ₹6,960 crore (vs ₹5,619 crore), and gold finance at ₹1,920 crore (vs ₹1,530 crore). Retail loan book stood at ₹1,27,450 crore, up ~28% YoY, while retailisation remained steady at 98%.

View: Strong disbursement momentum across key retail segments and healthy loan-book growth indicate continued execution of the company’s retail-focused strategy. Sustained traction in urban finance, rural business finance and gold loans should support growth visibility, while asset quality trends remain key monitorable.

Impact: Positive

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