L&T Finance Ltd (LTF) Q3FY26 Concall Summary - Dec-2025 Qtr
Performance Overview
- The company achieved its highest-ever quarterly core Profit After Tax (PAT) of 760 crores, demonstrating strong profitability and operational resilience.
- Retail disbursements reached a record high of 22,701 crores, up 49% year-on-year, driving the retail book to grow by 21% year-on-year to 1,11,990 crores.
- The company reported a significant improvement in its Net Interest Margin (NIM) plus fees, which rose by 19 basis points sequentially to 10.41%, supported by stable yields and efficient liability management.
- Asset quality showed a positive trend with a consistent reduction in credit costs over the past four quarters and a decline in gross slippages by nearly 200 crores compared to the previous quarter.
- Strategic digital initiatives like 'Cyclops' and 'Nostradamus' are yielding positive results, significantly reducing non-starters in the 2-Wheeler and Farm portfolios and enhancing portfolio management capabilities.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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