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L&T Finance Ltd

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L&T Finance Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹317
Market cap₹79.8K Cr
P/E24.9
Updated23 Aug 2026
Read5 min read

The short version

Q4FY26 is expected to continue the unabated growth trajectory seen in Q3FY26, with a focus on disbursement growth across all business lines. Q3FY26 showed robust business momentum driven by macro-tailwinds; expected to continue into Q4FY26 and FY27.

From L&T Finance Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Q4FY26 is expected to continue the unabated growth trajectory seen in Q3FY26, with a focus on disbursement growth across all business lines.
  • The company plans to announce its "Lakshya 31" growth plans in the April quarter, setting fresh targets for business expansion.
  • Retail disbursements stood at ₹22,701 Cr in the quarter, up 49% YoY and 20% QoQ, with the retail book growing 21% YoY and 7% QoQ, indicating strong momentum.
  • Specific segment growth: Farmer Finance disbursements grew 12% YoY and 68% QoQ; Two-Wheeler Finance up 33% YoY and 28% QoQ; Personal Loans up 118% YoY and 23% QoQ; SME Finance up 24% YoY and 6% QoQ; Gold Loan branches expanding rapidly with 330+ new branches planned in FY26.

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Profitability & Margins

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Capital Expenditure Plans

  • The company is actively investing in technology and branch expansion, including:
  • Continuing investments in technology upgrades and digital initiatives like Project Cyclops and Project Nostradamus, with full implementation targeted by March 2026 for Two-Wheeler business and H1FY27 for Personal Loan and Rural Business Finance.
  • Expansion of over 330 new Gold Loan branches planned in FY26, including integration of some into the multi-product 'Sampoorna' branch network.
  • Setting up 1 new Gold Loan branch per day and additional branches for Rural LAP and Sampoorna formats.

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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

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Order Book & Pipeline

The provided transcript from L&T Finance Limited's Q3FY25-26 investor call does not explicitly mention current or expected order book or pending orders. The focus is primarily on financial performance, business segment growth, digital initiatives, and credit quality. Key highlights include: - Strong growth in disbursements across various loan segments (Farmer Finance, Two-Wheeler Finance, Personal Loans, etc.). - Emphasis on retail book growth and improving asset quality. - Digital projects like Cyclops and Nostradamus are enhancing credit underwriting and portfolio management.

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Frequently Asked Questions

What were L&T Finance Ltd Q3 FY26 results?

Q4FY26 is expected to continue the unabated growth trajectory seen in Q3FY26, with a focus on disbursement growth across all business lines. Q3FY26 showed robust business momentum driven by macro-tailwinds; expected to continue into Q4FY26 and FY27.

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 24.9 with a market cap of ₹79,792 Cr. Investors should review the full earnings analysis for detailed insights.

Is L&T Finance Ltd planning capital expenditure?

The company is actively investing in technology and branch expansion, including: - Continuing investments in technology upgrades and digital initiatives like Project Cyclops and Project Nostradamus, with full implementation targeted by March 2026 for Two-Wheeler business and H1FY27 for Personal Loan and Rural Business Finance.

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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.