L&T Finance Limited Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated July 03, 2026 3 min read

L&T Finance enters the new fiscal year with strong retail disbursement momentum, but the focus shifts to whether its aggressive growth strategy can maintain quality amid a challenging monsoon season. Investors will be closely watching for updates on credit cost trajectories and the impact of recent rural weather patterns on the company's asset quality.

Quick Details

Results date	July 10, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 2,920 Cr
Previous quarter PAT	Rs. 807 Cr
Previous quarter EBITDA margin	N/A
Market cap	Rs. 82,173.17 Cr
CMP	Rs. 327.95

L&T Finance Limited Q1 Results Date and Time

The board is scheduled to meet on July 10, 2026, to approve the Q1 FY2027 unaudited financial results.

What to expect from L&T Finance Limited's Q1 FY27 results

L&T Finance begins the first year of its Lakshya 2031 strategic plan with retail disbursements of Rs. 23,800 Cr in Q1 FY27, representing a 36% YoY increase. Management has signaled that the momentum from FY26 is expected to sustain, with a focus on risk-calibrated growth rather than chasing headline numbers. However, the company faces a potential headwind from a deficient monsoon, with actual rainfall 42% below the long-period average as of June 29, 2026, which may pressure rural asset quality. The upcoming call will likely address the sustainability of the 24% YoY growth in Rural Business Finance disbursements against the guided steady-state range of 15-20%.

Key Things To Watch

Performance vs Guidance Tracking

AUM Growth: Retail loan book grew ~28% YoY in Q1 FY27, tracking ahead of the 20% FY27 guidance.
Credit Cost: Glide path is 2-2.2% by Q4 FY27; watch for sequential trends from Q4 FY26 levels of 2.64%.
RoA: Target is at least 2.8% by Q4 FY27; Q4 FY26 RoA stood at 2.40%.
NIMs+Fees: Target corridor is 10-10.5% for FY27; Q4 FY26 print was 10.47%.

Strategic Execution and Capex Updates

Gold loan branch expansion: Reached 200-branch milestone by March 2026; monitor incremental additions in Q1 FY27.
Project Cyclops and Nostradamus: Progress on AI-based service intelligence layers and rollout to Personal Loans.
Payments platform: Monitor status of planned Q2 FY27 launch.

Risks and Headwinds to Monitor

Monsoon impact: 42% deficient rainfall as of June 29, 2026, and 23% lower kharif sowing vs year-ago levels.
Macro-prudential provisions: Buffer exhausted with only Rs. 125 Cr remaining as of end-Q2 FY26.
Asset quality: Monitor 30+ dpd buckets in Two-Wheeler and Personal Loan segments as portfolios season.

Frequently Asked Questions

How did L&T Finance's retail disbursements perform in Q1 FY2027?

Retail disbursements rose to Rs. 23,800 Cr, marking a 36% YoY increase compared to Rs. 17,522 Cr in Q1 FY2026. This growth was driven by Urban Finance, which saw a 57% increase, and Rural Business Finance, which grew by 24%.

What is the current status of the Lakshya 2031 strategic plan?

Lakshya 2031 is a five-year roadmap targeting a 20%+ book growth CAGR and an RoA of 3.0% to 3.2% by 2031. Management expects the foundation built during the FY26 period to deliver consistent growth and improved profitability throughout the plan.

Is L&T Finance on track with its credit cost guidance?

The company is targeting a credit cost of 2-2.2% by Q4 FY2027. While Q4 FY2026 credit cost was 2.64%, management is monitoring seasonal monsoon-related stress that could influence the trajectory in Q1 FY2027.

How is the gold loan business contributing to growth?

Following the acquisition of the Paul Merchants Finance gold loan business, the segment reported disbursements of Rs. 1,920 Cr in Q1 FY2027, up 25% YoY. Management plans to leverage 200+ branches to achieve 10x growth over two years.