After 132% rally in 2025, multibagger largecap adds 3%
Shares of multibagger L&T Finance, which rallied 132% in 2025, were in focus in Tuesday’s trade on January 6, rising 2.8% to an intraday high of Rs 329.40 on the BSE after the company’s Q3FY26 business update signalled strong momentum in its retail-focused strategy, backed by healthy growth across key disbursement and loan book metrics for the quarter ended December 31, 2025.
In its regulatory filing, L&T Finance said retail disbursements for Q3FY26 are estimated at around Rs 22,690 crore, registering a sharp year-on-year growth of about 49%. Retail disbursements in the year-ago quarter stood at Rs 15,210 crore.
Within retail segments, rural business finance disbursements rose to Rs 6,740 crore in Q3FY26 from Rs 4,599 crore in Q3FY25. Farmer finance disbursements increased to Rs 2,780 crore from Rs 2,495 crore, while urban finance disbursements grew to Rs 9,670 crore from Rs 6,531 crore over the same period. SME finance disbursements stood at Rs 1,550 crore compared with Rs 1,249 crore a year ago. The acquired portfolio contributed Rs 550 crore in Q3FY26 versus Rs 336 crore in Q3FY25, while gold finance disbursements were reported at Rs 1,400 crore during the quarter.
The company also reported steady growth in its retail loan book. As of the end of Q3FY26, the retail loan book is estimated at around Rs 1,11,900 crore, reflecting a year-on-year growth of approximately 21%. The retail loan book stood at Rs 92,224 crore at the end of Q3FY25.
L&T Finance further indicated an improvement in its retailisation ratio. Retailisation increased to 98% in Q3FY26 from 97% in the corresponding quarter last year.
In Q2, the company posted a net profit of Rs 735 crore, up from Rs 696 crore a year earlier and 5% higher sequentially. Revenue for the quarter rose 8% year-on-year to Rs 4,335 crore, while net interest income grew 10.3% to Rs 2,403 crore.
The lender also reported its highest-ever quarterly retail disbursements at Rs 18,883 crore, marking a 25% increase from the same period last year. Asset quality remained stable with gross stage 3 loans at 3.29% and net stage 3 at 1.00%, while credit cost improved to 2.41% from 2.59% a year earlier.
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
In its regulatory filing, L&T Finance said retail disbursements for Q3FY26 are estimated at around Rs 22,690 crore, registering a sharp year-on-year growth of about 49%. Retail disbursements in the year-ago quarter stood at Rs 15,210 crore.
Within retail segments, rural business finance disbursements rose to Rs 6,740 crore in Q3FY26 from Rs 4,599 crore in Q3FY25. Farmer finance disbursements increased to Rs 2,780 crore from Rs 2,495 crore, while urban finance disbursements grew to Rs 9,670 crore from Rs 6,531 crore over the same period. SME finance disbursements stood at Rs 1,550 crore compared with Rs 1,249 crore a year ago. The acquired portfolio contributed Rs 550 crore in Q3FY26 versus Rs 336 crore in Q3FY25, while gold finance disbursements were reported at Rs 1,400 crore during the quarter.
The company also reported steady growth in its retail loan book. As of the end of Q3FY26, the retail loan book is estimated at around Rs 1,11,900 crore, reflecting a year-on-year growth of approximately 21%. The retail loan book stood at Rs 92,224 crore at the end of Q3FY25.
L&T Finance further indicated an improvement in its retailisation ratio. Retailisation increased to 98% in Q3FY26 from 97% in the corresponding quarter last year.
In Q2, the company posted a net profit of Rs 735 crore, up from Rs 696 crore a year earlier and 5% higher sequentially. Revenue for the quarter rose 8% year-on-year to Rs 4,335 crore, while net interest income grew 10.3% to Rs 2,403 crore.
The lender also reported its highest-ever quarterly retail disbursements at Rs 18,883 crore, marking a 25% increase from the same period last year. Asset quality remained stable with gross stage 3 loans at 3.29% and net stage 3 at 1.00%, while credit cost improved to 2.41% from 2.59% a year earlier.
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
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