L&T Finance Limited — Quarter and year ended March 31, 2026
| Sr. No. | Particulars | Quarter ended March 31, 2026 (Unaudited) Refer note 13 |
Quarter ended December 31, 2025 (Unaudited) |
Quarter ended March 31, 2025 (Unaudited) Refer note 13 |
Year ended March 31, 2026 (Audited) |
Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|---|
| (I) | Revenue from operations | |||||
| (a) | Interest income | 4,424.03 | 4,240.07 | 3,749.88 | 16,616.01 | 14,663.29 |
| (b) | Dividend income | – | 0.17 | – | 0.17 | 0.97 |
| (c) | Fees and commission income | 347.00 | 338.03 | 259.91 | 1,233.27 | 1,077.34 |
| (d) | Net gain on fair value changes | – | 13.13 | 13.13 | 64.22 | 182.64 |
| Total revenue from operations | 4,771.03 | 4,578.27 | 4,022.92 | 17,913.67 | 15,924.24 | |
| (II) | Other income | 0.07 | 3.22 | 4.30 | 3.36 | 16.74 |
| (III) | Total income (I+II) | 4,771.10 | 4,581.49 | 4,027.22 | 17,917.03 | 15,940.98 |
| (IV) | Expenses | |||||
| (a) | Finance costs | 1,747.03 | 1,703.02 | 1,599.83 | 6,720.08 | 5,996.76 |
| (b) | Net loss on fair value changes | 19.37 | 11.58 | – | – | – |
| (c) | Net loss on derecognition of financial instruments under amortised cost category | 183.31 | 149.66 | 94.79 | 561.77 | 275.04 |
| (d) | Impairment on financial instruments | 546.19 | 590.06 | 523.70 | 2,184.10 | 2,193.35 |
| (e) | Employee benefits expense | 659.72 | 649.88 | 569.11 | 2,455.00 | 2,216.51 |
| (f) | Depreciation, amortisation and impairment | 60.35 | 57.70 | 40.98 | 209.69 | 138.90 |
| (g) | Other expenses | 481.21 | 398.91 | 399.29 | 1,759.71 | 1,629.16 |
| Total expenses | 3,697.18 | 3,560.81 | 3,221.70 | 13,890.35 | 12,449.72 | |
| (V) | Profit before exceptional items and tax (III-IV) | 1,073.92 | 1,020.68 | 805.52 | 4,026.68 | 3,491.26 |
| (VI) | Exceptional items (Refer Note 7) | – | (28.51) | – | (28.51) | – |
| (VII) | Profit before tax (V+VI) | 1,073.92 | 992.17 | 805.52 | 3,998.17 | 3,491.26 |
| (VIII) | Tax expense: | |||||
| (a) | Current tax | 311.31 | 298.28 | 80.79 | 1,070.65 | 765.81 |
| (b) | Deferred tax | (46.55) | (44.10) | 88.89 | (55.35) | 82.03 |
| Total tax expenses (a+b) | 264.76 | 254.18 | 169.68 | 1,015.30 | 847.84 | |
| (IX) | Profit after tax (VII-VIII) | 809.16 | 737.99 | 635.84 | 2,982.87 | 2,643.42 |
| (X) | Add: Share in profit of associate company and joint ventures | – | – | – | – | – |
| (XI) | Profit after tax and share in profit of associate company (IX+X) | 809.16 | 737.99 | 635.84 | 2,982.87 | 2,643.42 |
| Profit for the period/year attributable to: | ||||||
| Owners of the company | 806.63 | 738.61 | 636.17 | 2,981.18 | 2,643.66 | |
| Non-controlling interest | 2.53 | (0.62) | (0.33) | 1.69 | (0.24) | |
| (XII) | Other comprehensive income (A+B) | 43.68 | (14.68) | 8.27 | 10.39 | 24.46 |
| A. Items that will not be reclassified to profit or loss | ||||||
| (a) | Remeasurements of the defined benefit plans | (2.61) | 5.69 | 2.26 | (12.62) | (3.04) |
| (b) | Income tax relating to items that will not be reclassified to profit or loss | 0.66 | (1.42) | (0.57) | 3.18 | 0.76 |
| Subtotal (A) | (1.95) | 4.27 | 1.69 | (9.44) | (2.28) | |
| B. Items that will be reclassified to profit or loss | ||||||
| (a) | Change in fair value of debt instruments measured at fair value through other comprehensive income | (33.72) | (0.39) | 39.67 | (33.66) | 54.78 |
| (b) | The effective portion of gains / (loss) on hedging instruments in a cash flow hedge | 106.04 | (24.81) | (44.22) | 71.48 | (37.47) |
| (c) | Income tax relating to items that will be reclassified to profit or loss | (26.69) | 6.25 | 11.13 | (17.99) | 9.43 |
| Sr. No. | Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|---|
| ASSETS: | |||
| (1) Financial assets | |||
| (a) | Cash and cash equivalents | 4,488.94 | 2,896.22 |
| (b) | Bank balance other than (a) above | 3,470.10 | 7,936.70 |
| (c) | Derivative financial instruments | 875.85 | 0.55 |
| (d) | Receivables | ||
| (i) Trade receivables | 102.47 | 116.95 | |
| (ii) Other receivables | 4.97 | 5.56 | |
| (e) | Loans | 117,821.03 | 93,773.06 |
| (f) | Investments | 10,563.81 | 11,875.97 |
| (g) | Other financial assets | 772.08 | 387.91 |
| (2) Non-financial assets | |||
| (a) | Current tax assets (net) | 394.93 | 313.66 |
| (b) | Deferred tax assets (net) | 1,822.31 | 1,783.13 |
| (c) | Property, plant and equipment | 461.87 | 397.37 |
| (d) | Intangible assets under development | 61.87 | 45.00 |
| (e) | Goodwill | 195.79 | 13.40 |
| (f) | Other intangible assets | 253.29 | 113.82 |
| (g) | Right of use asset | 396.68 | 116.37 |
| (h) | Other non-financial assets | 519.32 | 633.69 |
| TOTAL – ASSETS | 142,205.31 | 120,409.36 | |
| LIABILITIES | |||
| (1) Financial liabilities | |||
| (a) | Payables | ||
| (I) Trade payables | |||
| (i) Total outstanding dues of micro enterprises and small enterprises | 0.22 | 3.78 | |
| (ii) Total outstanding dues of creditors other than micro enterprises and small enterprises | 1,769.79 | 1,367.92 | |
| (II) Other payables | |||
| (i) Total outstanding dues of micro enterprises and small enterprises | – | – | |
| (ii) Total outstanding dues of creditors other than micro enterprises and small enterprises | – | – | |
| (b) | Debt securities | 32,039.53 | 28,854.39 |
| (c) | Borrowings (other than debt securities) | 77,146.02 | 61,559.22 |
| (d) | Subordinated liabilities | 702.14 | 1,833.29 |
| (e) | Lease liability | 409.97 | 125.54 |
| (f) | Other financial liabilities | 1,487.21 | 621.45 |
| (2) Non financial liabilities | |||
| (a) | Current tax liabilities (net) | 385.54 | 256.86 |
| (b) | Provisions | 106.44 | 51.08 |
| (c) | Deferred tax liabilities (net) | 21.58 | 25.58 |
| (d) | Other non-financial liabilities | 102.84 | 79.13 |
| (3) | EQUITY | ||
| (a) | Equity share capital | 2,504.39 | 2,494.87 |
| (b) | Other equity | 25,479.14 | 23,069.19 |
| (4) | Non-controlling interest | 50.50 | 67.06 |
| TOTAL – LIABILITIES AND EQUITY | 142,205.31 | 120,409.36 |
| Particulars | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| A. Cash flow from operating activities | ||
| Profit before tax from : | ||
| Profit before tax | 3,998.17 | 3,491.26 |
| Adjustment for: | ||
| Interest Income | (16,616.01) | (14,663.29) |
| Depreciation, amortization and impairment | 209.69 | 138.90 |
| Loss on sale of property, plant and equipment (net) | 1.01 | 0.48 |
| Dividend Income | (0.17) | (0.97) |
| Net fair value (gain) / loss on financial instruments | (2.63) | (236.63) |
| Net fair value (gain) / loss on Investments | (61.59) | 53.99 |
| Net loss on derecognition of financial instruments under amortised cost category | 561.77 | 275.04 |
| Impairment on financial instruments | 2,184.10 | 2,193.35 |
| Finance cost | 6,653.86 | 5,968.21 |
| Cash inflow from interest on loans | 15,717.74 | 14,022.55 |
| Cash inflow from interest on Investment | 328.29 | 276.10 |
| Cash inflow from interest on Deposits | 286.26 | 197.53 |
| Cash outflow from finance cost | (6,856.72) | (6,120.63) |
| Share based payment to employees | 25.94 | 39.53 |
| Operating profit before working capital changes | 6,429.70 | 5,635.42 |
| Changes in working capital | ||
| (Increase) / Decrease in financial and non-financial assets | 4,230.90 | (6,630.38) |
| Increase / (decrease) in financial and non-financial liabilities | 1,328.10 | (289.95) |
| Cash (used in)/ generated from operations | 11,988.70 | (1,284.91) |
| Direct taxes paid | (1,023.23) | (706.29) |
| Loans (disbursed) / repaid (net) | (25,154.71) | (14,596.27) |
| Net cash flow used in from operating activities (A) | (14,189.24) | (16,587.47) |
| B. Cash flows from investing activities | ||
| Add: Inflow from investing activities | ||
| Proceed from sale of property, plant and equipments | 1.89 | 5.89 |
| Proceed from sale of investments | 3,837.60 | 2,839.36 |
| Dividend Income | 0.17 | 0.97 |
| Proceed from sale of short term investments (net) | – | 2,350.80 |
| Less: Outflow from investing activities | ||
| Purchase of property, plant and equipment and Intangible assets | (239.46) | (195.28) |
| Acquisition of Gold Loan business*** | (709.52) | – |
| Purchase of short term investments (net)* | (633.52) | – |
| Purchase of investments | (1,890.26) | (4,529.91) |
| Net cash flow generated from investing activities (B) | 366.90 | 471.83 |
| C. Cash flows from financing activities | ||
| Add: Inflow from financing activities | ||
| Proceeds from issue of share capital including security premium | 88.74 | 40.40 |
| Proceeds from borrowings** | 43,747.98 | 40,299.97 |
| Receipt from non-controlling interests | – | 3.93 |