Press Release

October 15, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relations Department, Plot No. C/1, G Block, 1st Floor, New Trading Ring, Bandra - Kurla Complex, Bandra (East), P. J. Towers, Dalal Street, Mumbai - 400 051. Mumbai - 400 001. Symbol: LTF Security Code No.: 533519 Kind Attn: Head – Listing Department / Dept of Corporate Communications Sub: Press Release Dear Sir / Madam, Further to our letter dated October 15, 2026, please find enclosed a press release in relation to the unaudited financial results (consolidated and standalone) for the quarter and half year ended September 30, 2026. Further, as per Regulation 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the said press release will also be available on the website of the Company i.e., www.ltfinance.com/investors. We request you to take the aforesaid on records. Thanking you, Yours faithfully, For L&T Finance Limited Apurva Rathod Company Secretary and Compliance Officer Encl: As above Press Release October 15, 2026, Mumbai L&T Finance Ltd. (LTF) records highest ever consolidated Profit After Tax (PAT) of Rs. 975 Crore for Q2FY27, up 33% YoY, while also achieving its highest ever consolidated book of Rs. 1,36,635 Crore, up 28% YoY Robust Q2FY27 Retail Disbursements at Rs. 24,027 Crore, up 27% YoY, reflecting continued business momentum Improving asset quality, lower credit costs, and higher Return on Assets (RoA) reinforce the Company's focus on profitable, risk-calibrated growth Accelerates technology deployment to evolve into an AI-native lender Key highlights for Q2FY27: • Off to a strong start on the Lakshya 2031 trajectory, with Retail book growth reaching 29% YoY, exceeding the over 20% target. Retail book for the quarter stands at Rs.1,34,600 Crore vs. Rs. 1,04,607 Crore in Q2FY26 • Consolidated book for Q2FY27 stands at Rs. 1,36,635 Crore vs. Rs. 1,07,096 Crore in Q2FY26, registering a growth of 28% YoY • Improved NIMs + Fees for Q2FY27 at 10.48% vs. 10.22% in Q2FY26, registering an improvement of 26 bps YoY • Maintained an improving trajectory in consolidated asset quality - Gross Stage 3 (GS3) at 2.75% and Net Stage 3 (NS3) at 0.85% for Q2FY27 vs a GS3 of 3.29% and NS3 of 1.00% in Q2FY26 • RoA improved to 2.60% in Q2FY27 vs. 2.41% in Q2FY26, up 19 bps YoY Robust business model coupled with responsible growth across all retail segments led to: • Healthy quarterly retail disbursements in Q2FY27 at Rs. 24,027 Crore vs. Rs. 18,883 Crore in Q2FY26, a growth of 27% YoY • Risk calibrated growth across product segments with a focus on high yielding secured and unsecured products Proactive Asset Liability Management: • Diversified liability mix coupled with timely fund raising has enabled the Company to achieve its lowest-ever Weighted Average Cost of Borrowing (WACB) at 6.95% in Q2FY27 compared with 7.20% in Q1FY27, down 25 bps QoQ largely contributed by: o Continued leveraging the rural asset profile judiciously to extract best pricing on borrowings. o Contracted low-cost tenor funding as well as favorably repricing bank funding lines taking advantage of dip in yield curve seen in July to August 2026 period. Steady Consolidated Asset quality: • Gross Stage 3 (GS3) stood at 2.75% in Q2FY27 vs. 3.29% in Q2FY26 • Net Stage 3 (NS3) stood at 0.85% in Q2FY27 vs. 1.00% in Q2FY26 Improvement in credit cost: • Continuous focus on tightening credit and risk administration frameworks, strengthening collections infrastructure and accelerating our AI-led technology transformation led to a 52 bps YoY reduction in Credit Cost to 2.46% in Q2FY27 vs 2.98% (before macro prudential provisions) in Q2FY26 • Credit cost for Q2FY27 stood at 2.46% vs. 2.54% in Q1FY27, a sequential reduction of 8 bps PUBLIC Performance for Q2FY27 (Consolidated) • Profit after tax for Q2FY27 stands at Rs. 975 Crore vs. Rs. 735 Crore, up by 33% YoY • Retail disbursements for Q2FY27 stand at Rs. 24,027 Crore vs. Rs. 18,883 Crore in Q2FY26, growth of 27% YoY • Continued the momentum in Gold Finance distribution expansion, exiting Q2FY27 with 502 branches, a cumulative addition of 372 new branches since acquisition of the business in June 2025. Book size of the Gold Loan business expanded to Rs. 5,043 Crore in Q2FY27 against a book size of Rs. 1,475 Crore in Q2FY26, witnessing a growth of 242% YoY • Cyclops powered Two-Wheeler disbursements stood at Rs. 3,170 Crore vs. Rs. 2,512 Crore in Q2FY26, a growth of 26% YoY • Personal Loans disbursements continued the growth momentum by registering a 45% jump in YoY disbursements to Rs. 4,233 Crore in Q2FY27 vs Rs. 2,918 Crore in Q2FY26, with an increased focus on risk calibrated disbursements through Big Tech Partnerships • Consolidated Credit cost for Q2FY27 at 2.46% vs. 2.54% in Q1FY27, a reduction of 8 bps QoQ • RoE increased to 13.56% in Q2FY27 from 11.33% (RoE after macro prudential provisions) in Q2FY26 • RoA stood at 2.60% in Q2FY27 vs. 2.41% in Q2FY26, up 19 bps YoY The Board of LTF, one of the leading Upper-Layer Non-Banking Financial Companies (NBFCs) in India, today announced the financial results for the second quarter ended September 30, 2026. As a part of its next 5-year strategic plan Lakshya 2031 is steadily working towards transitioning to an AI-native Retail financial services institution through cutting-edge in-house AI & Deep Tech stack. The Company offers Farmer Finance, Rural Business Finance, Two-wheeler Finance, Personal Loan, Home Loan and Loan Against Property (LAP), SME Finance, and Gold Finance. With a robust business model and super-fast solutions development cycle, LTF is dedicated towards building a high-quality risk calibrated retail lending franchise with equal dominance in urban and rural segments. Commenting on the financial results, Mr. Sudipta Roy, Managing Director & CEO, LTF, said, "Q2FY27 has been yet another strong quarter for L&T Finance with strong delivery across all business parameters, laying a solid foundation for our Lakshya 2031 journey with a sustained business momentum. These outcomes reflect the strength of our diversified retail franchise, the discipline of our execution and our continued focus on delivering sustainable, risk-calibrated growth. Despite uncertainties in the macroeconomic environment, inflation pressures, and seasonal headwinds, our resilient business model enabled us to navigate these macro dynamics effectively while expanding key focus verticals like Gold Finance, Micro LAP, Personal Loans, and Two-Wheeler Finance. Our approach will continue to be guided by disciplined underwriting, strengthened risk guardrails, granular portfolio monitoring and a strong collections framework. We believe that responsible growth and superior portfolio quality must go hand in hand. As we progress on our Lakshya 2031 journey, we remain focused on strengthening our granular distribution channels, expanding our branch footprint and enhancing our digital acquisition capabilities. Our investments in artificial intelligence, particularly through our AI-powered credit administration and portfolio management frameworks are expected to further enhance credit decision-making, identify early warning signals and drive greater operational efficiency. These capabilities will help us build a more agile, scalable and resilient organisation. Our priority remains to sustain profitable growth, improve returns and strengthen the quality of our franchise. We are confident that our investments in technology, distribution and risk management will help us navigate evolving market conditions while progressing towards our long-term strategic ambitions.” Developing digital finance delivery as a customer value proposition In Q2FY27, the Company’s flagship PLANET app reinforced its status as a core digital engine for the Company - surpassing 2.7 crore downloads. The application now services 94% of the total service requests generated by its customers and has driven collections of Rs. 2,168 Crore du [Showing first 8,000 characters — download PDF for full document]