L&T Finance Leaps: Q3 Retail Loans Surge 49%, Book Hits ₹1.11 Lakh Crore

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AuthorAnanya Iyer|Published at:
L&T Finance Leaps: Q3 Retail Loans Surge 49%, Book Hits ₹1.11 Lakh Crore
Overview

L&T Finance reported a robust Q3 FY26 business update, showcasing significant growth. Retail disbursements climbed 49% year-on-year to an estimated ₹22,690 crore. The company's retail loan book expanded by approximately 21% to ₹1.11 lakh crore as of December 31, 2025, underscoring a successful retail-focused strategy.

L&T Finance Posts Strong Q3 Performance

L&T Finance announced a compelling business update for the December quarter, highlighting substantial gains in its retail lending operations. Retail disbursements surged by an estimated 49% compared to the previous year, reaching ₹22,690 crore for Q3 FY26. This marks a significant acceleration in origination volumes.

Loan Book Expansion Continues

The company's retail loan book swelled to approximately ₹1.11 lakh crore by the close of December 2025. This represents a robust year-on-year growth of roughly 21% from ₹92,224 crore in the corresponding period last year. This expansion signals strong demand and successful market penetration across its key customer segments.

Broad-Based Growth and Strategy Execution

Growth was reported as broad-based, encompassing rural, urban, SME, and farmer finance segments. The lender maintained a strong focus on retail assets, with retailization remaining high at 97% during the quarter. This underscores L&T Finance's continued strategic pivot away from wholesale exposures towards a more diversified retail portfolio.

Market Reaction and Stock Performance

Ahead of the announcement, shares of L&T Finance concluded trading at ₹320.50 on the National Stock Exchange, marking a modest 0.23% gain. However, the stock has delivered an outstanding performance over the past year, achieving a remarkable 133% surge in 2025. This represents its strongest annual return since its market debut in 2011, reflecting strong investor confidence in its strategic direction and financial execution.

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