L&T Finance share price
NSE: LTFBSE: 533519FinanceMid Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹246.50.
29 Oct: open ₹251.50, high ₹254.10, low ₹247.00
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹61,782 Cr149th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 18.05
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.11
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.12%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 12.3%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 8.46%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Cost of funds in the glossary
- 6.65%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- 2.06%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 2.27%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 4.89times net worth
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 60,63,496
About L&T Finance
L&T Finance Limited is a non-banking financial company (a lender that is not a bank) that lends to rural and urban customers across India.1 Its rural business offers group loans, microfinance and small loans against property, its farmer business farm-equipment loans; rural borrowers are mostly women entrepreneurs and farmers.2 In cities it offers home loans, loans against property, personal loans and two-wheeler loans; it also makes small-business and gold loans.3
Retail loans made up 99% of its book in the quarter to Sep 2026; the rest is wholesale lending (infrastructure finance and real-estate finance).45 It had 41,301 employees on 31 Mar 2026 and has no branches or operations outside India.61
It was incorporated in 2008.1 It entered gold loans through the acquisition of the gold loan business of Paul Merchants Finance, completed in June 2025, which brought in over 130 branches and approximately 700 employees.7 The Reserve Bank of India classes it as an upper-layer NBFC, the tier of non-bank lenders under its closest supervision.8
Larsen & Toubro Limited, its promoter and holding company, held 65.99% of its shares on 31 Mar 2026.910 Its chairman, S. N. Subrahmanyan, is Chairman and Managing Director of Larsen and Toubro Limited, and Sudipta Roy is its Managing Director and Chief Executive Officer.11
L&T Finance key points
Results
- Consolidated profit after tax for the quarter to Sep 2026 was ₹975 crore, up 33% from a year earlier; interest income was ₹4,945 crore, against ₹3,852 crore.1213
- Net profit for the year to Mar 2026 was ₹2,981 crore; profit after tax before the Labour Code effect was ₹3,003 crore, up 14% and the company's highest for a year.1415
- In the quarter to Sep 2026, consolidated return on assets (profit as a share of average assets) was 2.60%, return on equity (profit as a share of shareholders' funds) 13.56% and credit cost (provisions for bad loans as a share of the book) 2.46%.1617
Loan book and deposits
- The loan book was ₹1,36,635 crore at the end of Sep 2026, up 28% from a year earlier; disbursements (new loans paid out) in the quarter were ₹24,027 crore, up 27%.18
- Loan book by business, ₹ crore19
Item quarter to Sep 2026 quarter to Sep 2025 Urban Finance 67,668 51,298 Rural Business Finance 33,465 27,460 Farmer Finance 17,397 15,943 SME Finance 9,495 7,465 Gold Finance 5,043 1,475 Acquired portfolio 1,531 966 Wholesale Finance 2,036 2,489 - Urban Finance book by product, ₹ crore19
Item quarter to Sep 2026 quarter to Sep 2025 Home loans 23,810 20,626 Personal loans 18,664 10,878 Two-wheeler loans 16,158 13,013 Loans against property 9,036 6,781 - Borrowings were ₹1,23,306 crore at the end of Sep 2026, against ₹97,749 crore a year earlier; the weighted average cost of borrowing was 6.95% in the quarter, which the company says is its lowest for any quarter.20
Branches and reach
- At the end of Sep 2026 the company had more than 3,100 branches, counting meeting centres, and more than 3 crore customers, of whom more than 93 lakh were active.2122
- The company's branches include 2,282 meeting centres for group and microfinance loans; the company's total branch count is 880, including 157 branches for small loans against property and 530 gold loan branches.23
- Its rural network reaches about 2,00,000 villages in 18 states; its urban network covers 23 states, 4 union territories and more than 450 cities and towns.24
- Urban loans made up 62% of the book and rural loans 38%.23
Asset quality and ratings
- Defaulted loans (GS3 in the company's terms) were 2.75% of consolidated exposure at default (the amount owed on the loans) at the end of Sep 2026, or 0.85% after provisions (NS3), against 3.29% and 1.00% a year earlier.252627
- Loans with no overdue payment were 96.3% of group and microfinance loans against 77.9% for the industry, 92.0% of two-wheeler loans against 83.8%, and 87.8% of farm-equipment loans against 82.3% (industry figures are for the previous quarter).28
- Crisil Ratings, ICRA, CARE and India Ratings rate its long-term debt AAA; S&P Global Ratings rates it BBB and Fitch Ratings BBB-, both of which the company says are at par with India's sovereign rating.29
- L&T Finance's consolidated capital adequacy ratio (capital as a share of risk-weighted assets) was 18.67% at the end of Sep 2026.30
Technology
- Project Cyclops, the company's own underwriting engine (software that decides whom to lend to), is live in two-wheeler, farm-equipment, personal and small-business loans; prime borrowers (those with high credit scores) make up 84% of the two-wheeler book.31
- In its presentation of 15 Oct 2026, the company said it plans to take Project Cyclops live in rural business finance and mortgage loans by the half year to Sep 2027.32
- L&T Finance builds its technology in-house, with more than 1,000 technology staff and data scientists.33
- In its presentation of 15 Oct 2026, the company said it targets a customer launch in December 2026 for Project Hercules, an AI-based platform for cross-selling (offering customers more of its products).34
What the company expects
- In its presentation of 15 Oct 2026, the company said its Lakshya 2031 plan, unveiled in April 2026, targets book growth of 20%+, credit cost below 2%, return on assets of 3.0% to 3.2% and return on equity of 16% to 18%.35
- On its earnings call of 13 Jul 2026, the company said it aims to reach a return on assets of 2.8% in the quarter to Mar 2027.36
- On its earnings call of 13 Jul 2026, the company said it was working on opening about 500 new gold loan branches in the year to Mar 2027.37
- On its earnings call of 13 Jul 2026, the company said it expects net interest margin plus fees (interest and fee income after interest costs, as a share of the loan book) to stay within 10% to 10.5%.38
Recent events
- Sachinn Joshi and Raju Dodti became whole-time directors (directors who are also full-time executives) on 10 Aug 2026, for 2 and 3 years respectively, after approval from the Reserve Bank of India.39
Last updated
All 39 sources, each with its page
- 1. Annual report, 4 May 2026, page 167
- 2. Annual report, 4 May 2026, page 168
- 3. Annual report, 4 May 2026, page 168
- 4. Investor presentation, 15 Oct 2026, page 46
- 5. Investor presentation, 15 Oct 2026, page 48
- 6. Annual report, 4 May 2026, page 53
- 7. Annual report, 4 May 2026, page 53
- 8. Annual report, 4 May 2026, page 8
- 9. Annual report, 4 May 2026, page 169
- 10. Annual report, 4 May 2026, page 371
- 11. Investor presentation, 15 Oct 2026, page 67
- 12. Investor presentation, 15 Oct 2026, page 10
- 13. Investor presentation, 15 Oct 2026, page 49
- 14. Annual report, 4 May 2026, page 62
- 15. Annual report, 4 May 2026, page 18
- 16. Investor presentation, 15 Oct 2026, page 9
- 17. Investor presentation, 15 Oct 2026, page 51
- 18. Investor presentation, 15 Oct 2026, page 10
- 19. Investor presentation, 15 Oct 2026, page 48
- 20. Investor presentation, 15 Oct 2026, page 39
- 21. Investor presentation, 15 Oct 2026, page 4
- 22. Investor presentation, 15 Oct 2026, page 25
- 23. Investor presentation, 15 Oct 2026, page 44
- 24. Investor presentation, 15 Oct 2026, page 44
- 25. Investor presentation, 15 Oct 2026, page 36
- 26. Investor presentation, 15 Oct 2026, page 46
- 27. Investor presentation, 15 Oct 2026, page 36
- 28. Investor presentation, 15 Oct 2026, page 34
- 29. Investor presentation, 15 Oct 2026, page 41
- 30. Investor presentation, 15 Oct 2026, page 51
- 31. Investor presentation, 15 Oct 2026, page 14
- 32. Investor presentation, 15 Oct 2026, page 14
- 33. Investor presentation, 15 Oct 2026, page 12
- 34. Investor presentation, 15 Oct 2026, page 19
- 35. Investor presentation, 15 Oct 2026, page 7
- 36. Earnings call, 13 Jul 2026, page 7
- 37. Earnings call, 13 Jul 2026, page 10
- 38. Earnings call, 13 Jul 2026, page 28
- 39. Exchange filing, 11 Aug 2026, page 1
Results
Consolidated; ₹ crore. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.L&T Finance quarterly results
- Income from operations growth, 12 monthsIncome from operations growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +20.1%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +26.8%
Quarter to Sep 2026, against the quarter before
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹5,484 Crup 4.59%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹973 Crup 6.20%
Income from operations by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Income from operations | 4,098 | 4,023 | 4,260 | 4,336 | 4,578 | 4,771 | 5,243 | 5,484 |
| Net profit | 626 | 636 | 701 | 735 | 738 | 809 | 916 | 973 |
Year to Mar 2026, against the year before
- Income from operationsIncome from operations. The pill is the change in income from operations against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹17,914 Crup 12.49%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,983 Crup 12.84%
Income from operations by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2019, the company's income from operations for that year, ₹12,990 Cr, differs from its quarters added, ₹12,836 Cr. From the year to Mar 2022, the company's income from operations for that year, ₹11,930 Cr, differs from its quarters added, ₹12,109 Cr; the company reports a discontinued business.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income from operations | 8,341 | 10,021 | 12,990 | 14,176 | 13,678 | 11,930 | 12,775 | 13,581 | 15,924 | 17,914 |
| Net profit | 1,042 | 1,459 | 2,232 | 1,700 | 949 | 1,049 | 1,536 | 2,317 | 2,643 | 2,983 |
Business segments
In the year to Mar 2026 the company reports one business segment, Lending, which carries all its revenue.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +57.9% | +12.3% | +39.5% | 1.1% |
| 3 years | +44.6% | +22.0% | +17.2% | 1.5% |
| 5 years | +21.7% | +24.9% | −3.8% | 1.5% |
Mutual fund holdings
196 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 102 of the 141 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 196 funds holding L&T Finance
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 6
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 6
- AddedAdded. Funds that held more shares than at the end of the month before.
- 73
- CutCut. Funds that held fewer shares than at the end of the month before.
- 68
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 42
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 16
| Fund | |||
|---|---|---|---|
| 6,81,70,582 | 2.71% | ₹1,806.5 Cr | |
| 3,20,00,000 | 2.11% | ₹848.0 Cr | |
| 2,32,37,815 | 3.91% | ₹615.8 Cr | |
| 1,52,36,660 | 0.94% | ₹403.8 Cr | |
| 1,39,13,647 | 1.89% | ₹368.7 Cr | |
| 1,13,75,881 | 1.55% | ₹301.5 Cr | |
| 1,13,39,315 | 2.47% | ₹300.5 Cr | |
| 1,04,86,048 | 1.72% | ₹277.9 Cr | |
| 99,31,098 | 0.94% | ₹263.2 Cr | |
| 95,60,659 | 1.32% | ₹253.4 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.L&T Finance insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 14 pledge filings of unclear kind
L&T Finance competitors and peers
Investment Company, 73 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to L&T Finance in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1,35,463 | 79.13 | 1.05 | +122.7% | +5.0% | 1.3% | 2.1% | – | – | 0.29% | |
| 97,466 | 23.75 | 2.83 | +16.3% | +20.4% | 12.7% | – | 1.26% | 3.60% | 0.00% | |
| 28,412 | 65.94 | 0.97 | +31.0% | +31.6% | 1.4% | 1.2% | – | – | 0.61% | |
| 24,488 | 9.18 | 1.58 | +17.8% | +21.1% | 19.1% | – | 2.23% | 6.78% | 0.10% | |
| 23,973 | 12.17 | 3.71 | +31.4% | +53.6% | 35.3% | 17.3% | – | – | 0.73% | |
| 13,373 | 43.88 | 0.41 | +0.8% | −14.7% | 0.9% | 1.0% | – | – | 1.88% | |
| 12,445 | 90.59 | 0.38 | −26.7% | – | 0.4% | – | 0.40% | 0.33% | 0.00% | |
| 9,044 | 18.58 | 1.50 | +282.6% | +6.1% | 8.4% | 3.3% | – | – | 2.74% |
Dividends
Per share, by the year it was paid for, and the latest payments.L&T Finance dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 22 May 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹2.75 |
| 27 May 2025 | Final | ₹2.75 |
| 18 Jun 2024 | Final | ₹2.50 |
| 21 Jul 2023 | Final | ₹2.00 |
| 1 Jul 2022 | Final | ₹0.50 |
| 26 Mar 2020 | Interim | ₹0.90 |
Latest announcements
Routine notices left out.L&T Finance announcements
Oct 2026
21 Oct · Business
19 Oct · Analysts
15 Oct · Business
15 Oct · Results
L&T Finance share price by year
Each calendar year to 2025.L&T Finance share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 315.95 | +132.9% | 315.95 | 130.89 |
| 2024 | 135.63 | −17.8% | 190.10 | 135.63 |
| 2023 | 165.05 | +89.2% | 165.05 | 79.65 |
| 2022 | 87.25 | +12.3% | 93.95 | 59.40 |
| 2021 | 77.70 | −17.1% | 112.30 | 73.40 |
| 2020 | 93.70 | −21.0% | 131.55 | 48.55 |
| 2019 | 118.55 | −22.3% | 153.60 | 80.25 |
| 2018 | 152.60 | −12.3% | 186.40 | 117.20 |
| 2017 | 174.00 | +98.6% | 211.50 | 88.35 |
| 2016 | 87.60 | +34.5% | 107.80 | 49.65 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 238.50 | 248.25 | 237.00 | 246.50 | 245.24 | 41,42,873 | 41.7% |
| 27 Oct 2026 | 240.40 | 242.65 | 238.50 | 240.80 | 240.90 | 48,41,604 | 39.6% |
| 26 Oct 2026 | 235.75 | 241.65 | 229.20 | 241.10 | 237.05 | 79,60,603 | 42.9% |
| 23 Oct 2026 | 244.10 | 244.50 | 234.30 | 237.50 | 237.18 | 47,38,807 | 43.1% |
| 22 Oct 2026 | 245.40 | 247.25 | 240.35 | 244.10 | 244.34 | 33,00,472 | 40.8% |
| 21 Oct 2026 | 254.00 | 254.20 | 243.50 | 245.60 | 246.92 | 34,50,143 | 34.3% |
| 19 Oct 2026 | 254.00 | 254.80 | 249.15 | 253.00 | 252.89 | 50,32,735 | 49.2% |
| 16 Oct 2026 | 264.00 | 264.00 | 246.50 | 253.85 | 253.07 | 2,39,54,101 | 31.9% |
| 15 Oct 2026 | 261.00 | 266.50 | 259.00 | 262.00 | 264.20 | 95,31,610 | 54.8% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Rights issue and offer for sale history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 21 Jan 2021 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
Company details
- NSE symbol
- LTF
- BSE code
- 533519
- ISIN
- INE498L01015
- Industry
- Finance
- Former symbols
- L&TFH
- Website
- www.ltfs.com
- CIN
- L67120MH2008PLC181833
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2008
- Registered office
- Plot No. 177, Brindavan, C.S.T. Road, Kalina, Santacruz (East), Mumbai 400098, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments