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L&T Finance Q2 FY27 Share Price & Earnings Call Analysis

₹244.40-2.65% today
Market cap
₹61,206 Cr
P/E
17.78
ROE
11.22%
PEG
0.07
Price to sales
3.07
Debt to equity
4.23
52W high / low
₹336 / ₹238
Sales growth (5Y)
6.05%
EBITDA margin
61.15%
Net profit margin
16.77%
Promoter holding
65.93%
Sales (last year)
₹20,046 Cr

L&T Finance Ltd. is a NBFC, offering a range of financial products and services. [1] Company has filed requisite application for necessary registration as Systemically Important Non- Deposit Accepting Core Investment Company (NBFC-CIC)[2]

Guidance scorecard · Q2 FY27 call

What L&T Finance Ltd's management guided
and where it ranks in Finance

#49of 59 in
Finance
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Strong disbursement momentum across all lines of business, including 126% YoY growth in Personal Loans and 41% growth in Two Wheeler finance.
  • Expansion plans include adding ~500 new Gold Finance branches in FY27, accelerating branch additions (~1.4 branches/day).
  • Continued growth in Rural Business Finance, SME Finance, Farmer Finance, Home Loans/LAP, and Gold Finance segments.
  • Expected revenue growth from new geographical expansions (Rajasthan, Punjab, Haryana, MP, Gujarat, Maharashtra, Odisha) with coverage under CGFMU schemes.
  • Resumption of Microfinance growth within MFIN guardrails after collection efficiencies normalize.
  • Launch and scaling of AI-powered credit administration (Project Cyclops, Nostradamus) to improve underwriting and portfolio quality.
  • Growing focus on prime customer segments in urban portfolios to ensure resilient quality growth.

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

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

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

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • The company has invested significantly in technology, with around ₹102 Cr spent on projects like Cyclops, Nostradamus, and other AI-powered tools, including capital work in progress for ongoing projects.
  • Around ₹38 Cr was spent to build Cyclops, ₹33 Cr on Nostradamus, and ₹37 Cr on Cyclops (possible reference to different phases or components).
  • They are investing in building a private cloud to manage large AI usage costs and operational efficiency, aiming to run tier-two and tier-three applications on it after reliability testing.
  • New AI initiatives include AI co-pilots like Project Helios, Orion, ShigraM, Argus, and Canyon to embed AI into underwriting, portfolio management, legal processes, fraud screening, and loan origination.

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

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

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

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what L&T Finance Ltd said on the order book →

Full Q1 FY27 analysis
Full Finance ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does L&T Finance Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,742 Cr71.8
240%+Up 2%+₹464 Cr23.9
340%+Up 0–2%₹961 Cr32.7
440%+Flat₹23,820 Cr21.1
540%+Flat₹16,498 Cr72.4
640%+Flat₹15,549 Cr—

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Pro shows every company guiding 40%+ revenue growth →Full Finance ranking

Financials of L&T Finance Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

L&T Finance Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +65.90%65.86%66.37%66.29%66.25%66.24%66.16%66.10%66.03%65.99%65.96%65.93%
FIIs +10.67%11.04%7.34%6.73%5.30%5.48%6.19%6.40%6.66%7.64%7.71%7.38%
DIIs +9.07%8.69%11.64%12.33%12.17%13.28%14.10%14.33%15.33%14.91%14.90%15.80%
Public +14.36%14.39%14.66%14.66%16.27%15.01%13.55%13.15%11.99%11.48%11.45%10.90%
No. of Shareholders6,87,7217,11,5557,39,1807,87,2918,76,8418,46,6827,92,3747,77,4327,75,7287,48,8657,32,9027,38,634

Financials of L&T Finance Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +3,2143,5343,6703,7844,0194,0984,0234,2604,3364,5784,7715,2135,484
Interest1,3251,3531,3351,3511,4761,5691,6001,6361,6341,7031,7471,9701,970
Expenses +1,3311,3751,6191,4821,5751,6761,5811,6401,6621,8001,8901,9742,123
Financing Profit5578067169509688538429841,0401,0751,1341,2691,391
Financing Margin %17%23%20%25%24%21%21%23%24%23%24%24%25%
Other Income +268476058400-250300
Depreciation28292828333641415158606372
Profit before tax7978246949229408248069439899921,0741,2361,319
Tax %25%22%20%26%26%24%21%26%26%26%25%26%26%
Net Profit +594639553685697626636701735738809916973
EPS in Rs2.402.572.232.752.792.512.552.812.942.953.223.603.89
Gross NPA %
Net NPA %

Financials of L&T Finance Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +6,4567,4408,53210,21513,36514,10413,35311,93012,77514,25215,92417,91420,046
Interest3,5774,1334,6355,4586,8827,5527,2305,7655,8125,3876,0076,7347,391
Expenses +1,6251,9792,7763,3083,3774,1605,4015,2337,9356,1956,3046,9467,787
Financing Profit1,2541,3281,1201,4493,1052,392722932-9722,6703,6144,2344,868
Financing Margin %19%18%13%14%23%17%5%8%-8%19%23%24%24%
Other Income +1682649-43708365942,79247416-265
Depreciation96836752508286103111115139210252
Profit before tax1,1751,2531,0791,4463,0522,6801,4721,4231,7093,0293,4913,9984,621
Tax %28%32%3%12%27%37%36%26%10%24%24%25%
Net Profit +8558571,0481,2782,2321,7009491,0491,5362,3172,6432,9833,436
EPS in Rs4.043.974.835.119.066.903.934.336.559.3210.6011.9013.66
Dividend Payout %16%16%13%16%9%11%0%12%31%27%26%23%

Financials of L&T Finance Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital1,7201,7531,7561,9961,9992,0052,4692,4742,4802,4892,4952,5042,506
Reserves4,6565,4426,1389,41111,45012,68816,30417,47419,04920,95023,06925,47926,761
Borrowing43,45452,82961,02475,24891,50793,93488,59285,23783,10576,60392,372110,298123,869
Other Liabilities +2,9123,7753,5931,1171,0949021,5821,6961,7062,6522,4473,9034,660
Total Liabilities52,74263,79972,51187,772106,050109,529108,947106,880106,339102,694120,384142,184157,796
Fixed Assets +1,1841,3131,2301,1511,1271,1001,1385095535196411,3081,546
CWIP1742228193962242253645620
Investments2,6493,5636,0125,3018,6415,9798,87211,91714,36612,38511,87610,5648,662
Other Assets +48,73658,90165,24281,30196,243102,38798,91294,43391,41589,754107,822130,250147,589
Total Assets52,74263,79972,51187,772106,050109,529108,947106,880106,339102,694120,384142,184157,796

Financials of L&T Finance Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-6,474-9,213-5,779-15,640-11,6432,1625,4646,0787,490686-16,587-14,189
Cash from Investing Activity +2-675-2,1181,549-3,587160-2,025-5,087-1,634849472367
Cash from Financing Activity +6,5529,4267,95214,67816,0081,451-2,091-3,023-1,664-7,05015,41915,415
Net Cash Flow81-461555877773,7721,349-2,0324,193-5,515-6971,593
Free Cash Flow-6,572-9,292-5,781-15,614-11,7232,1085,4156,0017,394568-16,777-14,427

Financials of L&T Finance Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %13%13%14%13%18%12%4%4%-0%10%11%11%

Guidance history

How L&T Finance Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →20–40%FlatPlanned—Rising
Q3 FY26 call →10–20%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

19out of 100

Momentum score · price trend

19 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−8.8%52%
Last 6 months−12.6%34%
Last 3 months−21.5%18%

The price is 27.2% below its all-time high of ₹335.6 (6 Jul 2026). Stocks more than 20% below their peak have their score halved, so 38 became 19.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For L&T Finance Ltd: 0.4 × 52 + 0.4 × 34 + 0.2 × 18 = 38, halved to 19 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What L&T Finance Ltd's management said in earlier quarters

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