# L&T Finance Profit Rises 33% on Retail Loans

> L&T Finance reports 33% higher net profit to Rs 975 crore as retail loans surge 29%.
- Title: L&T Finance Profit Rises 33% on Retail Loans | Shortify
- Summary: L&T Finance reports 33% higher net profit to Rs 975 crore as retail loans surge 29%. L&T Finance's net profit rose 33% year-on-year to Rs 975 crore in Q2…
- Keywords: l&t finance, retail loans, net profit, consolidated net profit, rs 975 crore, loan book growth, credit costs, business, money, news, Finance, Profit
- Source: Financialexpress — https://financialexpress.com/business/industry-lampt-finance-net-profit-rises-33-on-retail-loan-growth-4362598
- Author: Kshipra Petkar
- Published: 2026-10-15T18:20:58+00:00
- Read time: 1 min
- Topics: l&t finance, retail loans, net profit, consolidated net profit, q2, rs 975 crore, loan book growth, credit costs, business, money, news
## L&T Finance Q2 Profit
L&T Finance reports 33% year-on-year rise in consolidated net profit to Rs 975 crore for Q2.
## Retail Loan Growth
Retail loan book expanded 29% year-on-year to Rs 1.35 lakh crore.
## Loan Book Expansion
Consolidated loan book grew 28% year-on-year to Rs 1.37 lakh crore.
## Net Interest Margins
Net interest margins plus fees improved 26 basis points to 10.48%.
## Asset Quality
Gross Stage 3 assets declined to 2.75% from 3.29% year-on-year.
## CEO Statement
CEO Sudipta Roy says rural lending tempered due to El Nino and deficient rainfall.

> We have already tempered our rural distribution, and you can see the real growth this quarter came from our urban products
## Key takeaway

L&T Finance's net profit rose 33% year-on-year to Rs 975 crore in Q2, driven by 29% retail loan growth.