# L&T Finance (LTF) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/ltf

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹277.5
- Change: -0.39%
- As of: 2026-11-06
- 1D return: -0.39%
- 5D return: +13.54%
- 1M return: +7.81%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

LTF closed at ₹277.50 on 2026-11-06, marking a -0.4% daily decline following a +5.6% upward gap the previous day. The stock is positioned near the upper end of its 20-day range (+93.4%) but sits around the middle of its 50-day and 252-day ranges. On the daily chart, price remains above the 20-period EMA, 50-period EMA, 20-period SMA, and Supertrend, with an ADX of 37.62 indicating established trend strength. However, the weekly structure presents a conflicting signal: price is below the 20-period EMA, 20-period SMA, and Supertrend, with a bearish Supertrend direction. Monthly momentum remains bullish, supported by a strong ADX of 58.22 and price above all supplied moving averages. Recent anomalies include a high-severity downward weekly gap and high participation without clear direction on the monthly timeframe. Key support lies at ₹276.50 (pivot) and ₹272.09 (low), while resistance is noted at ₹282.99.

- Daily trend is established (ADX 37.62) with price above key short-term indicators, but weekly structure is bearish with price below the 20-period EMA and Supertrend.
- Monthly momentum remains strong (ADX 58.22) with price above all supplied moving averages, contrasting with the weekly weakness.
- Price is near the top of its 20-day range (+93.4%) but in the middle of longer-term ranges; immediate support is at ₹276.50 and resistance at ₹282.99.
- A high-severity downward weekly gap occurred on 2026-11-06, suggesting potential volatility or distribution despite recent daily gains.

- Bullish Engulfing Reversal
- Outside Bar
- Doji

### What Changed

As of November 6, 2026, L&T Finance (LTF) has demonstrated divergent performance within the microfinance sector during the second quarter of FY27. While the broader industry faced headwinds from El Niño-induced droughts, inflation, and rising fuel costs that constrained rural borrowers' repayment capacity, LTF reported portfolio growth. This stands in contrast to peers such as Bandhan Bank and CreditAccess Grameen, which recorded portfolio declines during the same period. The company’s ability to expand its book amidst sector-wide caution highlights a distinct operational trajectory, even as credit information companies noted inconsistencies in data despite generally improved collection discipline.

- Q2 FY27 Portfolio Growth: L&T Finance reported growth in its microfinance portfolio, contrasting with declines at Bandhan Bank and CreditAccess Grameen amid rural stress.
- Sector Headwinds: Industry performance was weighed down by El Niño-induced droughts, inflation, and higher fuel costs affecting rural borrower repayment capacity.
- Data Consistency Caveat: Sector growth estimates varied between credit information companies, indicating inconsistencies in reported data despite improved collection discipline.

- [Microfinance lenders tread cautiously amid rural stress](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)

### Official Filings

L&T Finance Limited (LTF) has maintained strict compliance with its short-term debt obligations, confirming the timely redemption of Commercial Paper series on October 29, October 30, and November 5, 2026. These redemptions included a significant outflow of ₹1,46,000 lakhs on October 29 for 1,46,000 units, while subsequent issuances were settled with nil outstanding amounts. On the equity front, LTF allotted 52,876 shares under its Employee Stock Option Scheme 2013 on October 30, 2026, increasing the paid-up share capital from 2,506,401,820 to 2,506,454,696 shares. Additionally, regulatory clarity was achieved regarding its subsidiary Nabha Power Limited, as both NSE and BSE granted no-objection on October 28, 2026, to reclassify it from the 'Promoter Group' to 'Public', following an application submitted in July 2026. Looking ahead, management is scheduled to engage with institutional investors at the Goldman Sachs 15th India CIO Tour/Conference in Mumbai on November 11 and 12, 2026, focusing on business performance and the Lakshya 2031 strategy, with explicit confirmations that no unpublished price-sensitive information will be shared.

- Debt Compliance: Timely redemption of Commercial Papers confirmed on Oct 29 (₹1,46,000 lakhs), Oct 30, and Nov 5, 2026, ensuring zero outstanding dues post-payment.
- Capital Structure: Paid-up equity increased by 52,876 shares to 2,506,454,696 units following ESOP allotment approved on Oct 30, 2026.
- Regulatory Update: NSE and BSE approved the reclassification of Nabha Power Limited from Promoter to Public group on Oct 28, 2026.
- Investor Engagement: In-person meetings with Goldman Sachs scheduled for Nov 11–12, 2026, in Mumbai; agenda limited to business performance and Lakshya 2031 strategy.

- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_05112026145159_LTF_PaymentConf_CP_20261105_INE498L14GG2.pdf)
- [L&T Finance Limited has informed the Exchange about Schedule of Analyst meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ltfinance_04112026190424_NSEBSEINTIMATION.pdf)
- [L&T Finance Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_5123_WebXMLFile_20261104_190716654.xml)
- [L&T Finance Limited has informed the Exchange about Schedule of Investor meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ltfinance_04112026194713_NSEBSEINTIMATION.pdf)
- [L&T Finance Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_5123_WebXMLFile_20261104_194903494.xml)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_30102026152906_LTF_PaymentConf_CP_20261030_INE498L14GS7.pdf)
- [L&T Finance Limited has informed the Exchange regarding allotment of 52,876 Equity Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ltfinance_30102026185145_NSEBSEINTIMATION.pdf)
- [L&T Finance Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_5123_WebXMLFile_20261030_185658225.xml)
- [L&T Finance Limited has informed the Exchange regarding 'Disclosure under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 '. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/ltfinance_29102026113024_NSEBSEINTIMATION.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_29102026135210_LTF_PaymentConf_CP_20261029_INE498L14GQ1.pdf)

### Fundamentals

L&T Finance (LTF) demonstrates a clear trajectory of top-line expansion and improving profitability in the September 2026 quarter, supported by aggressive balance-sheet growth. Revenue surged 26% year-on-year to ₹5,484 crore, driving Net Profit up 32% to ₹973 crore and EPS to ₹3.89. The Financing Margin improved marginally to 25%, indicating stable pricing power despite rising costs. However, earnings quality faces headwinds from higher credit costs; Impairment on Financial Instruments rose sequentially to ₹629 crore in Q2 FY2026-27, while total Interest expenses reached ₹1,970 crore for the quarter.

The balance sheet has expanded significantly, with Loans growing to ₹1,32,174 crore and Borrowings increasing to ₹86,078 crore as of September 2026. This leverage is funded partly by a robust cash position, where Cash and Cash Equivalents more than doubled to ₹5,077 crore. Despite strong quarterly profits, historical Free Cash Flow remains deeply negative (-₹14,427 crore in Mar 2026), reflecting the capital-intensive nature of lending operations. Shareholding patterns show a gradual shift, with DIIs increasing their stake to 15.8% while Promoters diluted slightly to 65.93%.

The critical checkpoint for the next period is whether the company can sustain its 25%+ financing margin while managing the sequential rise in impairments and interest outflows against further loan book expansion.

- Revenue grew 26% YoY to ₹5,484 crore in Sep 2026, with Net Profit rising 32% to ₹973 crore and EPS reaching ₹3.89.
- Financing Margin improved to 25% in Sep 2026, but Impairment costs rose sequentially to ₹629 crore in Q2 FY2026-27.
- Loan book expanded to ₹1,32,174 crore and Borrowings to ₹86,078 crore, funded by a cash reserve increase to ₹5,077 crore.
- Historical Free Cash Flow remains negative (-₹14,427 crore in Mar 2026), highlighting reliance on external funding for growth.

### Bear Case

L&T Finance faces a challenging operational backdrop in FY27 Q2, with the broader microfinance sector exhibiting caution due to rural stress driven by El Nino-induced droughts, inflation, and rising fuel costs. While L&T Finance reported growth during this period, peers such as Bandhan Bank and CreditAccess Grameen saw portfolio declines, highlighting uneven repayment capacity among borrowers and potential credit quality risks that could impact future performance. From a market perspective, the stock has experienced significant volatility, with a maximum drawdown of -29.2% and a current drawdown of -17.3%. Year-to-date returns are negative at -12.5%, and the three-month return stands at -12.4%, indicating recent downward pressure. Although the daily trend remains bullish, the weekly trend is bearish, suggesting short-term weakness. The stock is trading near support levels, with immediate support at ₹276.50 and resistance at ₹282.99, requiring close monitoring of price action around these pivots.

- Rural borrower stress from El Nino droughts, inflation, and fuel costs is causing uneven portfolio performance across the microfinance sector, with peers like Bandhan Bank reporting declines despite L&T Finance's growth.
- The stock has suffered a maximum drawdown of -29.2% and currently sits in a -17.3% drawdown, with YTD returns at -12.5% and 3-month returns at -12.4%.
- Weekly technical trends are bearish (Supertrend: bearish, ADX: 24.9), contrasting with daily bullish signals, indicating short-term momentum weakness.
- Immediate support is at ₹276.50 (pivot) and resistance at ₹282.99; a break below support could expose further downside toward ₹272.09.

- [Microfinance lenders tread cautiously amid rural stress](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_05112026145159_LTF_PaymentConf_CP_20261105_INE498L14GG2.pdf)
- [L&T Finance Limited has informed the Exchange about Schedule of Analyst meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ltfinance_04112026190424_NSEBSEINTIMATION.pdf)
- [L&T Finance Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_5123_WebXMLFile_20261104_190716654.xml)
- [L&T Finance Limited has informed the Exchange about Schedule of Investor meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ltfinance_04112026194713_NSEBSEINTIMATION.pdf)
- [L&T Finance Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_5123_WebXMLFile_20261104_194903494.xml)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_30102026152906_LTF_PaymentConf_CP_20261030_INE498L14GS7.pdf)
- [L&T Finance Limited has informed the Exchange regarding allotment of 52,876 Equity Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ltfinance_30102026185145_NSEBSEINTIMATION.pdf)
- [L&T Finance Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_5123_WebXMLFile_20261030_185658225.xml)
- [L&T Finance Limited has informed the Exchange regarding 'Disclosure under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 '. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/ltfinance_29102026113024_NSEBSEINTIMATION.pdf)

### FAQs

**What is L&T Finance's recent trading performance and technical trend?**

As of November 6, 2026, L&T Finance closed at ₹277.50, down 0.4% from the previous close. The stock has gained +16.8% over the past 10 days but remains in a -12.5% year-to-date decline. Technical indicators show a bullish daily supertrend with strong momentum (ADX 37.62), while the weekly trend remains bearish.

**How does L&T Finance compare to peers in the microfinance sector?**

During Q2 FY27, L&T Finance reported portfolio growth, contrasting with declines at Bandhan Bank and CreditAccess Grameen. This divergence occurred amid rural stress driven by El Nino-induced droughts and inflation, highlighting L&T Finance's ability to maintain growth despite sector-wide caution regarding borrower repayment capacity.

**What are the key upcoming events for investors to monitor?**

L&T Finance will hold in-person meetings with Goldman Sachs and institutional investors on November 11 and 12, 2026, in Mumbai. These sessions are part of the Goldman Sachs 15th India CIO Tour/Conference, with agendas focused on business performance and the 'Lakshya 2031' strategy. No unpublished price-sensitive information will be shared.

**Has L&T Finance recently managed its debt obligations?**

Yes. On November 5, 2026, L&T Finance confirmed the timely redemption of its Commercial Paper. The company redeemed all 1,60,000 units, with Rs. Nil lakhs outstanding at the time of payment, ensuring compliance with SEBI regulations.

- [Microfinance lenders tread cautiously amid rural stress](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_05112026145159_LTF_PaymentConf_CP_20261105_INE498L14GG2.pdf)
- [L&T Finance Limited has informed the Exchange about Schedule of Analyst meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ltfinance_04112026190424_NSEBSEINTIMATION.pdf)
- [L&T Finance Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_5123_WebXMLFile_20261104_190716654.xml)
- [L&T Finance Limited has informed the Exchange about Schedule of Investor meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ltfinance_04112026194713_NSEBSEINTIMATION.pdf)
- [L&T Finance Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_5123_WebXMLFile_20261104_194903494.xml)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_30102026152906_LTF_PaymentConf_CP_20261030_INE498L14GS7.pdf)
- [L&T Finance Limited has informed the Exchange regarding allotment of 52,876 Equity Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ltfinance_30102026185145_NSEBSEINTIMATION.pdf)
- [L&T Finance Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_5123_WebXMLFile_20261030_185658225.xml)
- [L&T Finance Limited has informed the Exchange regarding 'Disclosure under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 '. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/ltfinance_29102026113024_NSEBSEINTIMATION.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹276.5
- Risk regime: Price Risk Requires Attention

### Support levels
- 269
- 259.8
- 245.6

### Resistance levels
- 303.14421874999994
- 304.37265625
- 314.82500000000005

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.39% |
| return_10 | +16.84% |
| return_1m | +4.95% |
| return_1y | +0.84% |
| return_20 | +7.81% |
| return_3m | -12.36% |
| return_5 | +13.54% |
| return_6m | -7.59% |
| return_since_start | +101.44% |
| return_ytd | -12.53% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -29.23% |
| annualized_volatility | +34.37% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# L&T Finance FY2026-27 Q2: Profit rises 6% sequentially

L&T Finance’s consolidated profit for Q2 FY2026-27 rose 6.2% sequentially to ₹973 crore, while revenue from operations increased 4.6% to ₹5,484 crore. Interest income and the loan book expanded, but impairment and other expenses also increased; borrowings reached ₹86,078 crore at 30 September 2026.

## Interest income and loan book expand

Interest earned rose 5.4% QoQ to ₹5,158 crore from ₹4,895 crore in Q1 FY2026-27, and was 27.8% higher than in Q2 FY2025-26. Revenue from operations increased to ₹5,484 crore from ₹5,243 crore sequentially and ₹4,336 crore a year earlier. Fee and commission income was ₹326 crore in Q2.

Loans stood at ₹1,32,174 crore at 30 September 2026, compared with ₹1,17,821 crore at 31 March 2026 and ₹1,03,422 crore at 30 September 2025. The increase in the lending balance accompanied growth in interest earned.

## Expenses and impairment temper profit growth

Total expenses rose 4.0% QoQ to ₹4,165 crore, slightly less than the 4.6% increase in revenue from operations. Impairment on financial instruments increased 7.9% to ₹629 crore from ₹583 crore in Q1, while other expenses rose 10.3% to ₹559 crore. Finance costs were broadly unchanged at ₹1,970 crore.

Profit before tax increased 6.7% sequentially to ₹1,319 crore. Tax expense rose to ₹346 crore from ₹320 crore in Q1. Consolidated profit for the period was ₹973 crore, compared with ₹916 crore in Q1 and ₹735 crore in Q2 FY2025-26. Profit attributable to owners of the parent was ₹975 crore.

## EPS and comprehensive income rise

Basic EPS was ₹3.89, versus ₹3.60 in Q1 FY2026-27 and ₹2.94 in Q2 FY2025-26. Diluted EPS was ₹3.88, compared with ₹3.59 and ₹2.93 in those respective quarters.

Comprehensive income for the period was ₹1,048 crore, up from ₹915 crore in Q1. Other comprehensive income was ₹76 crore in Q2, following a loss of ₹9.5 million in the prior quarter.

## Balance sheet expands with borrowings

Total assets stood at ₹1,57,796 crore at 30 September 2026, up from ₹1,42,205 crore at 31 March 2026 and ₹1,27,232 crore at 30 September 2025. Borrowings were ₹86,078 crore, compared with ₹77,146 crore at 31 March 2026 and ₹63,029 crore at 30 September 2025. Debt securities were ₹35,987 crore, versus ₹33,679 crore at 30 September 2025.

Equity was ₹29,302 crore, up from ₹26,425 crore at 30 September 2025. Cash and cash equivalents were ₹5,077 crore, compared with ₹2,112 crore a year earlier. The larger balance sheet was accompanied by higher borrowings, making funding growth a relevant consideration alongside loan-book expansion.

## Key Takeaway

Q2 brought higher interest income, revenue, profit and EPS, alongside continued loan-book growth. Expenses rose more slowly than revenue sequentially, but impairment and other expenses increased, while borrowings also grew with the balance sheet.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +65.96%
- FII holding: +7.71%
- DII holding: +14.90%
- Mutual fund holding: +11.56%
- Retail holding: +7.11%
- Promoter pledged: +0.00%

### Major reported shareholders

- Larsen & Toubro Limited — +65.96% (Bodies Corporate)
- Kotak Midcap Fund — +2.58%
- Invesco India Flexi Cap Fund — +1.74%
- Motilal Oswal Midcap Fund — +1.40%
- Mirae Asset Large & Midcap Fund — +1.28%

## Official filings

- 2026-11-05 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_05112026145159_LTF_PaymentConf_CP_20261105_INE498L14GG2.pdf)
- 2026-11-04 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ltfinance_04112026190424_NSEBSEINTIMATION.pdf)
- 2026-11-04 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_5123_WebXMLFile_20261104_190716654.xml)
- 2026-11-04 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ltfinance_04112026194713_NSEBSEINTIMATION.pdf)
- 2026-11-04 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_5123_WebXMLFile_20261104_194903494.xml)
- 2026-10-30 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_30102026152906_LTF_PaymentConf_CP_20261030_INE498L14GS7.pdf)
- 2026-10-30 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ltfinance_30102026185145_NSEBSEINTIMATION.pdf)
- 2026-10-30 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_5123_WebXMLFile_20261030_185658225.xml)
- 2026-10-29 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ltfinance_29102026113024_NSEBSEINTIMATION.pdf)
- 2026-10-29 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_29102026135210_LTF_PaymentConf_CP_20261029_INE498L14GQ1.pdf)
- 2026-10-28 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_28102026141403_LTF_PaymentConf_20261028_INE498L07087_NSE.pdf)
- 2026-10-28 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_28102026141744_LTF_PaymentConf_CP_20261028_INE498L14GF4.pdf)
- 2026-10-26 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_26102026121921_LTF_PaymentConf_CP_20261026_INE498L14GR9.pdf)
- 2026-10-26 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ltfinance_26102026193815_NSEBSEINTIMATION.pdf)
- 2026-10-26 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_5123_WebXMLFile_20261026_194048892.xml)
- 2026-10-23 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_23102026120409_LTF_PaymentConf_20261023_INE476M07AS8_NSE_RED.pdf)
- 2026-10-23 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_23102026141242_LTF_RecordDate_20261023_NSE.pdf)
- 2026-10-23 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_23102026141242_LTF_RecordDate_20261023_NSE.pdf)
- 2026-10-23 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_23102026143252_LTF_RecordDate_20261023_Public.pdf)
- 2026-10-23 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_23102026143252_LTF_RecordDate_20261023_Public.pdf)
- 2026-10-23 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_23102026143252_LTF_RecordDate_20261023_Public.pdf)
- 2026-10-23 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_23102026143252_LTF_RecordDate_20261023_Public.pdf)
- 2026-10-21 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ltfinance_21102026184938_NSEBSEINTIMATION.pdf)
- 2026-10-21 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_5123_WebXMLFile_20261021_185709737.xml)
- 2026-10-21 — Generic Announcement: L&T Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ltfinance_21102026185848_NSEBSEINTIMATION.pdf)

## News and market events

- 2026-11-06 — Economic Times: **Microfinance lenders tread cautiously amid rural stress** — Microfinance lenders exercised caution during the second quarter of FY27, with Bandhan Bank and CreditAccess Grameen reporting portfolio declines while IndusInd Bank and L&T Finance saw growth. This uneven trajectory reflects concerns over rural borrowers' repayment capacity amid El Nino-induced droughts, inflation, and fuel costs. Sector growth estimates varied between credit information companies, highlighting inconsistencies in data despite improved collection discipline. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/microfinance-lenders-tread-cautiously-amid-rural-stress/articleshow/135590415.cms)
- 2026-10-29 — The Hindu: **Post rate hike, highly rated large companies step up rupee bond issuances** — Following the RBI's October 7th repo rate hike to 5.50 per cent and a shift to a 'calibrated tightening' stance, highly rated large companies including SIDBI, NABARD, L&T Finance, Sundaram Finance, REC Ltd, Aditya Birla Housing Finance, and Bajaj Finance have stepped up domestic rupee bond issuances. These entities raised significant capital via non-convertible debentures with coupons ranging from 8.05 per cent to 8.70 per cent, while NABARD is also reportedly planning an additional ₹6,000 crore mobilization. — [Source](https://www.thehindubusinessline.com/money-and-banking/post-rate-hike-highly-rated-large-companies-step-up-rupee-bond-issuances/article71641148.ece)
- 2026-10-22 — Economic Times: **India's glittering gold loan sector risks sliding into a dark zone** — The gold loan market in India is on a rapid growth trajectory, fueled by true demand alongside possible financial distress among borrowers. According to the Reserve Bank of India, there's significant annual growth in gold loans issued by banks and NBFCs. Heightened competition might bring challenges in assessing borrower viability and repayment options. While regulatory changes aim to create a stable environment, they could introduce operational hurdles for lenders. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/india-gold-loan-boom-rbi-regulations-borrower-stress-default-risks-nbfc-growth/articleshow/135113574.cms)
- 2026-10-19 — MONEYCONTROL: **Buy LT Finance; target of Rs 370: ICICI Securities** — ICICI Securities, LT Finance, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/earnings/buy-lt-finance-target-of-rs-370-icici-securities-14055497.html)
- 2026-10-19 — MONEYCONTROL: **Buy L&T Finance; target of Rs 330: Motilal Oswal** — L&T Finance, Motilal Oswal, Recommendations, Buy — [Source](https://www.moneycontrol.com/news/business/buy-l-t-finance-target-of-rs-330-motilal-oswal-14055335.html)
- 2026-10-19 — MONEYCONTROL: **Buy LT Finance; target of Rs 330: Emkay Global Financial** — Emkay Global Financial, LT Finance, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/earnings/buy-lt-finance-target-of-rs-330-emkay-global-financial-14055309.html)
- 2026-10-19 — FEEDS: **From LTM To Angel One: HDFC Securities Sees Up To 30% Upside After Q2 Results; Check Target Prices** — Angel One, L&T Finance, LTM and Federal Bank are in focus after their Q2 FY27 earnings as HDFC Securities sees further upside across the four stocks. — [Source](https://www.ndtvprofit.com/markets/ltm-federal-bank-l-t-finance-angel-one-in-focus-after-q2-results-hdfc-securities-sees-up-to-30-percent-upside-details-inside-12204546)
- 2026-10-18 — The Hindu: **Farm loans lose share in banks’ credit books as lenders turn cautious on rural exposure** — Banks and NBFCs pull back on farm lending amid rainfall, El Niño uncertainty, with agri loans underperforming even as some lenders grow farming credit. — [Source](https://www.thehindubusinessline.com/money-and-banking/farm-loans-lose-share-in-banks-credit-books-as-lenders-turn-cautious-on-rural-exposure/article71600299.ece)
- 2026-10-16 — The Hindu: **Higher rates no threat to margins, gold loans to drive growth: L&T Finance** — L&T Finance targets stable margins and growth, boosting gold loans and expanding branches amid cautious rural lending and rising rates. — [Source](https://www.thehindubusinessline.com/money-and-banking/higher-rates-no-threat-to-margins-gold-loans-to-drive-growth-lt-finance/article71591438.ece)
- 2026-10-15 — The Hindu: **L&T Finance PAT up 33% on cost-efficiency in Q2FY27** — L&T Finance PAT up 33% on cost-efficiency in Q2FY27 — [Source](https://www.thehindubusinessline.com/money-and-banking/lt-finance-pat-up-33-on-cost-efficiency-in-q2fy27/article71589410.ece)
- 2026-09-30 — Economic Times: **Oil, money, and the shifting global order** — India must remain agile when it comes to political alignments as there are no permanent friends and foes in this new world order. — [Source](https://economictimes.indiatimes.com/prime/economy-and-policy/oil-money-and-the-shifting-global-order/primearticleshow/134596844.cms)
- 2026-09-28 — BUSINESS: **Hypersoft forays into AI domain with proprietary platform** — Hypersoft Technologies announced its strategic entry into the domain of Artificial Intelligence (AI), through the development of a proprietary, one-of its-kind AI platform designed to enable and elevate Data Science capability and ERP efficiency for its clients worldwide. — [Source](https://www.business-standard.com/markets/capital-market-news/hypersoft-forays-into-ai-domain-with-proprietary-platform-126092800336_1.html)
- 2026-09-27 — MONEYCONTROL: **Broader markets underperform, extend losing streak to third week** — Midcap,Smallcap,Broader indices,Market this week,midcap this week,smallcap this week — [Source](https://www.moneycontrol.com/news/business/markets/broader-markets-underperform-extend-losing-streak-to-third-week-14039106.html)
- 2026-09-24 — Economic Times: **Irdai commission curbs spark sharp selloff in insurers, banks and NBFCs** — Shares of insurers, banks, and non-banking finance companies dropped sharply following proposed commission caps by Irdai. The proposals raised concerns over the outlook for businesses reliant on insurance distribution. Major companies such as PB Fintech and Max Financial Services experienced significant declines. Analysts indicate that banks and NBFCs could face negative impacts from the changes in commission structures. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/insure/irdai-commission-curbs-spark-sharp-selloff-in-insurers-banks-and-nbfcs/articleshow/134468312.cms)
- 2026-09-24 — CNBC-TV18: **PB Fintech wipes out nearly a decade of revenue in one day** — PB Fintech shares plunged 36% on Thursday, wiping out ₹31,426 crore in market value after IRDAI proposed tighter curbs on commissions and insurers’ management expenses, with the losses spilling over to insurers, banks and other financial stocks. — [Source](https://www.cnbctv18.com/market/pb-fintech-wipes-out-nearly-a-decade-of-revenue-in-one-day-19997865.htm)
- 2026-09-24 — Economic Times: **Can IRDAI’s insurance reforms impact NBFCs? Jefferies warns L&T Finance, Piramal Finance, others are most exposed** — IRDAIs proposed insurance distribution reforms could extend beyond insurers and distributors, potentially pressuring NBFC fee income. Jefferies flagged L&T Finance, Piramal Finance and others as exposed to insurance commissions, with proposed cuts potentially affecting profitability. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/can-irdais-insurance-reforms-impact-nbfcs-jefferies-warns-lt-finance-piramal-finance-others-are-most-exposed/articleshow/134459825.cms)
- 2026-09-24 — MONEYCONTROL: **Taking Stock: Nifty breaches 23,100 for first time since June 11; Sensex tanks 1,248 pts** — Stock Market Today,Taking Stock,Sensex,Nifty,Market Today,Sensex Today, Nifty Today,Stock Market Today,India Stock Market Today,Share Market Today — [Source](https://www.moneycontrol.com/news/business/markets/taking-stock-nifty-breaches-23-100-for-first-time-since-june-11-sensex-tanks-1-248-pts-14037384.html)
- 2026-09-24 — Mint: **Banks, NBFC insurance income at risk on Irdai fee caps | Mint** — Irdai’s proposed insurance commission caps could sharply cut distribution income for banks and NBFCs, especially from credit-life policies, while ending compulsory loan-insurance bundling. The proposals may pressure earnings at lenders and insurers, triggering a sell-off in related stocks. — [Source](https://www.livemint.com/industry/irdai-insurance-commission-caps-banks-nbfcs-credit-life-impact-11790229475282.html)
- 2026-09-24 — MONEYCONTROL: **Bank Nifty, Fin Nifty crash up to 2% as brokerages see earnings hit from IRDAI proposals; Axis Bank, Max Financial top losers** — Bank Nifty, Fin Nifty, IRDAI, Axis Bank, Max Financial — [Source](https://www.moneycontrol.com/news/business/markets/bank-nifty-fin-nifty-crash-up-to-2-as-brokerages-see-earnings-hit-from-irdai-proposals-axis-bank-max-financial-top-losers-14037252.html)
- 2026-09-24 — BUSINESSTODAY: **JM Financial flags Irdai insurance reforms; L&T Finance, Axis Bank, Bajaj Finance among stocks in focus** — Ujjivan Small Finance Bank, AU Small Finance Bank, IDFC First Bank, Bandhan Bank, DCB Bank, Axis Bank, L&T Finance, Home First Finance Company India, Cholamandalam Investment and Finance Company, Bajaj Finance, Aadhar Housing Finance, Mahindra & Mahindra Financial Services, HDB Financial Services, JM Financial, IRDAI, insurance distribution reforms, insurance fee income, bancassurance, NBFCs, banks — [Source](https://www.businesstoday.in/markets/trending-stocks/story/jm-financial-flags-irdai-insurance-reforms-lt-finance-axis-bank-bajaj-finance-among-stocks-in-focus-557526-2026-09-24)
- 2026-09-24 — MONEYCONTROL: **Market sell-off: 12 financial stocks lose a combined Rs 1 lakh crore m-cap amid insurance overhaul worries** — Financial stocks, pb fintech, irdai, insurance stocks — [Source](https://www.moneycontrol.com/news/business/markets/market-sell-off-12-financial-stocks-lose-a-combined-rs-1-lakh-crore-m-cap-amid-insurance-overhaul-worries-14037122.html)
- 2026-09-24 — Mint: **PB Fintech leads slump in insurance stocks on IRDAI's fee cap plan | Stock Market News** — The IRDAI has proposed measured that could slash insurance fee income for banks and digital brokers by as much as 90% in high-margin categories. — [Source](https://www.livemint.com/market/stock-market-news/pb-fintech-leads-slump-in-insurance-stocks-on-irdais-fee-cap-plan-11790228201934.html)
- 2026-09-24 — CNBC-TV18: **11:11 | A grand welcome for Xi in Washington; NSE makes market debut; insurance stocks tumble** — Donald Trump rolls out a red-carpet welcome for Xi Jinping in Washington as the US and China extend their trade truce, while AI chiefs warn the UN about the risks of unchecked technology. NSE shares make their market debut, as insurance stocks plunge after an IRDAI draft on distribution reforms. Plus, India-US sanctions talks, the rupee, Maharashtra drought and more in today’s 11:11 roundup. — [Source](https://www.cnbctv18.com/business/a-grand-welcome-for-xi-in-washington-nse-makes-market-debut-insurance-stocks-tumble-19997205.htm)
- 2026-09-24 — BUSINESSTODAY: **PB Fintech shares fall 20%; Bajaj Finance, L&T Finance also take hit; here's why** — PB Fintech share price today, Bajaj Finance share price, L&T Finance share price — [Source](https://www.businesstoday.in/markets/stocks/story/pb-fintech-shares-fall-20-bajaj-finance-lt-finance-also-take-hit-heres-why-557454-2026-09-24)
- 2026-09-24 — CNBC-TV18: **Insurance stocks crash: PB Fintech, Turtlemint shares fall up to 20% on IRDAI draft - Is this a buying opportunity?** — According to HSBC, the proposed EoM limits are stringent, and if implemented, it can have a wide implication across insurers, brokers and lenders. — [Source](https://www.cnbctv18.com/market/insurance-stocks-sell-off-pb-fintech-icici-pru-turtlemint-max-financial-piramal-bajaj-star-health-hdfc-share-price-irdai-draft-paper-earnings-impact-19997252.htm)

## Business profile

**Strategic vision:** Retail credit origination and servicing for urban and rural customers.

### Business segments
- **Rural Business Finance:** Originates small, largely collateral-free group and individual loans for women entrepreneurs and rural micro-enterprises, using joint-liability-group structures and field-assisted origination.
- **Farmer Finance:** Finances agricultural equipment and related farm needs through OEM and dealer relationships, with digital and data-driven underwriting supporting dealership-led sales.
- **Urban Finance:** Covers two-wheeler loans, unsecured personal loans, and mortgage products for salaried and self-employed customers in cities and larger towns.
- **SME / Business Finance:** Provides working-capital and growth loans to small businesses and professionals, including specialised products and supply-chain financing.
- **Gold Loans:** Offers short-tenor credit against pledged gold, extending the secured-retail product set.
- **Insurance Distribution:** Distributes third-party life, health, and general insurance products.

### Competitive strengths
- Leverages Larsen & Toubro's brand and senior leadership oversight.
- Operates a unified retail NBFC platform with shared capabilities.
- Utilises proprietary digital and AI tools for credit decisioning and customer engagement.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/ltf
Markdown representation: https://faxioms.com/stocks/ltf?render=md