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L&T Finance Ltd

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L&T Finance Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹254
Market cap₹63.6K Cr
P/E19.9
Updated16 Oct 2026
Read4 min read

The short version

Confident of achieving AUM growth of 20-25% for full year FY26, driven by strong performance across all business lines. The company targets steady AUM growth of 20-25% for the full year and sees good growth potential in segments like Two-Wheeler and Farm business, aided by GST 2.0 benefits and improving customer sentiment.

From L&T Finance Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Confident of achieving AUM growth of 20-25% for full year FY26, driven by strong performance across all business lines.
  • Expect a growth spurt in H2FY26, especially in Two-Wheeler and Farm segments, boosted by GST 2.0 reforms and improved customer sentiment.
  • Microfinance expected to grow steadily at around 15% year-on-year in a steady state, slower than previous high growth years.
  • Continued expansion in secured products like Gold Loans and balanced growth in mortgages considering rate environment.
  • Accelerated growth targeted in prime SME business post Project Cyclops implementation.
  • Digital channels and technology like Project Cyclops expected to enable risk-calibrated growth without compromising asset quality.

2 more points from L&T Finance Ltd's call on revenue

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Profitability & Margins

See what L&T Finance Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • The company will continue investing in technology, specifically in building advanced credit underwriting tools like Project Cyclops and Project Nostradamus.
  • Investments are ongoing in expanding businesses such as SME, micro LAP, personal loans, and the recently acquired gold loan segment.
  • New branch setups and meeting centers expansion are part of current operational investments (e.g., 84 rural LAP branches and 150+ meeting centers recently established).
  • Future investments include both operating expenses and capital expenditure for business expansion and to sustain growth.
  • Plans for Lakshya 2031 will be developed by April 2026, potentially introducing new businesses requiring further investments.

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Top-ranked in Finance

Ranked on what management guided this quarter

Guidance-ranked
1Mufin Green
Rev 1Mar 1
2Akiko
Rev 1Mar 1
3
Rev 1Mar 2
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what L&T Finance Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript does not explicitly mention current or expected order book or pending orders details. It primarily focuses on financial performance, portfolio quality, technology implementation (Project Cyclops), loan disbursement growth, operating expenses, and credit cost guidance. Key points relevant to business outlook include: - Confident about hitting 20%-25% AUM growth for full year, with risk-calibrated growth approach. - Expansion plans such as setting up 330+ gold loan branches by FY26 end. - Scaling up digital underwriting engine "Project Cyclops," powering 100% underwriting in multiple verticals with positive early credit quality indicators.

2 more points from L&T Finance Ltd's call on order book

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Continue your research

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Frequently Asked Questions

What were L&T Finance Ltd Q2 FY26 results?

Confident of achieving AUM growth of 20-25% for full year FY26, driven by strong performance across all business lines. The company targets steady AUM growth of 20-25% for the full year and sees good growth potential in segments like Two-Wheeler and Farm business, aided by GST 2.0 benefits and improving customer sentiment.

What is L&T Finance Ltd share price analysis?

L&T Finance Ltd currently shows a neutral. The stock trades at a P/E of 19.9 with a market cap of ₹63,624 Cr. Investors should review the full earnings analysis for detailed insights.

Is L&T Finance Ltd planning capital expenditure?

The company will continue investing in technology, specifically in building advanced credit underwriting tools like Project Cyclops and Project Nostradamus.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.