L&T Finance Ltd. (LTF) reported its highest consolidated profit after tax for the year to March 31, 2026, with PAT at Rs. 30,030 mn, up 14 per cent year on year. Q4 PAT was Rs. 8,070 mn, up 27 per cent year on year. The consolidated book stood at Rs. 1,217,280 mn and the retail book reached Rs. 1,195,080 mn, with retailisation at 98 per cent. The board recommended a dividend of Rs. two point seven five per equity share.

Retail disbursements for FY26 were Rs. 832,130 mn, up 39 per cent, while Q4 retail disbursements reached Rs. 241,070 mn, up 62 per cent. Growth was driven by Two?Wheeler Finance, Gold Finance, Personal Loans and Rural Business Finance, with personal loans sourced via Big Tech partnerships accounting for 38 per cent of personal loan disbursements in the quarter. The company maintained a steady disbursement run rate supported by GST 2.0 and festival demand.

Funding costs improved with the weighted average cost of borrowing at 7.17 per cent in Q4 and 7.35 per cent for the year. Asset quality was steady with gross Stage 3 at 2.88 per cent and net Stage 3 at 0.96 per cent, and credit cost was 2.54 per cent for FY26 with Q4 at 2.64 per cent. Return on assets was 2.39 per cent and return on equity rose to 11.33 per cent.

The company set out its five year Lakshya 2031 strategic plan to become a risk?first, tech?first multi?product retail financier and accelerated AI deployment through in?house programmes including Project Cyclops and Project Nostradamus. The customer?facing Planet app exceeded 24 mn downloads, facilitating collections of more than Rs. 95,000 mn and sourcing loans of about Rs. 290,000 mn, while AI interventions contributed over Rs. 40,000 mn in collections in FY26. Management stated that AI reduced underwriting turnaround times and improved collection efficiency, and indicated continued focus on disciplined growth and credit quality.