Please find attached the intimation regarding the earnings call transcript for Q2FY2026-27.

October 26, 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: Transcript of Investor(s)/ Analyst(s) meet – Q2FY2026-27 Financial Performance and Strategy Update Dear Sir / Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the investor(s)/ analyst(s) meet for Q2FY2026-27 financial performance and strategy update held on October 16, 2026. The above information is also 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 INTERNAL L&T Finance Limited Q2 FY27 Earnings Call Transcript October 16, 2026 Management Personnel: Mr. Sudipta Roy (Managing Director & Chief Executive Officer) Mr. Sachinn Joshi (Whole-time Director & Chief Financial Officer) Mr. Raju Dodti (Whole-time Director & Chief Operating Officer) Mr. Karthik Narayanan (Head – Investor Relations) Page 1 of 29 Moderator: Ladies and gentlemen, good day and welcome to the L&T Finance Ltd. Q2FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the call concludes. Should you need assistance during the call, please signal the operator by pressing ‘*’ and then ‘0’ on your touchtone phone. Please note that this conference is being recorded. We have with us today Mr. Sudipta Roy – Managing Director & CEO, Mr. Sachin Joshi – Whole-Time Director & CFO and Mr. Raju Dodti – Whole-Time Director COO and other members of the senior management team. Before we proceed, as a standard disclaimer, no unpublished price sensitive information will be shared during the call. Only publicly available documents will be referred to for discussions during interaction in the call. While all efforts would be made to ensure that no unpublished price sensitive information will be shared, in case of any inadvertent disclosure, the same would, in any case, form part of the recording of the call. Further, some of the statements made on today's call may be forward-looking in nature. A note to this effect is provided in the Q2 results presentation uploaded. I would now like to invite Mr. Sudipta Roy to share his thoughts on the company's performance and the strategy of the company going forward. Thank you and over to you, Sir. Sudipta Roy: A very good morning, everyone, and thank you for joining us today for the Q2FY27 Investor Call. Joining me on the call today are our Whole - Time Director and Chief Financial Officer, Mr. Sachinn Joshi, our Whole - Time Director and Chief Operating Officer, Mr. Raju Dodti, along with other members of the senior management team of L&T Finance. On behalf of the entire L&T Finance team, I would like to extend our festive wishes to you and your families and the broader investor community. Similar to our previous earnings calls, today's discussion will be divided into two sections. I will begin by sharing my thoughts on the macroeconomic environment, our business performance during the quarter and the strategic priorities under Lakshya 2031. Subsequently our COO, Mr. Raju Dodti will update you on our distribution initiatives and the build out of the gold loan business. Finally, this will be followed by our CFO, Mr. Sachinn Joshi, who will take you through the detailed financial performance for the quarter. Post our commentary, we'll be happy to take questions on the call Macro-economic outlook Before we delve into the highlights of the quarter, I would like to share our perspective on the macroeconomic environment, particularly the volatility in the geopolitical arena and the impact of monsoon and El Nino on the rural economy, which remains an important consideration for the financial services industry in the current operating environment. Page 2 of 29 Global economy continues to be in a state of flux with re-escalation of the conflict in West Asia and sharp volatility in crude oil prices. At the same time, strong economic growth data combined with inflation pressures have reinforced expectations of higher-for-longer policy rates. While these uncertainties warrant close monitoring, India's domestic demand fundamentals and the underlying drivers of consumption continue to remain resilient. Input cost pressures have accentuated, but the pass-through has remained limited so far. Real GDP recorded a growth of 7.8% in Q1FY27, reflecting strong demand conditions on back of robust private consumption, investment and exports demand. Upgrades in India’s GDP growth expectations for the full year FY27 by RBI, World Bank, OECD etc underscore the strength of economic activity despite significant headwinds. Despite intermittent volatility in domestic financial markets, credit demand also continues to grow at robust pace. On the rural front, the progress of the southwest monsoon has remained an area of close attention for the entire financial services industry. As you would be aware, the 2026 Southwest monsoon concluded with cumulative rainfall at approximately 87% of the Long Period Average, with considerable regional variations. While rainfall improved during July, the deficit in the early part of the season and below- normal rainfall in several regions have implications for agricultural output, water availability and rural cash flows. However, rainfall spells during the month of August have substantially improved the expectation of a near normal kharif outcome. Inspite of the below average monsoon, Kharif crop sowing is at par with previous years, reporting a marginal 1.0% YoY contraction with total coverage at 101% of the normal acreage. In most regions, irrigation buffer and stable reservoirs have helped mitigate rainfall shortfalls. While localised drop in crop yields and moderation in rural sentiments remain a latent risk, rural consumption continues to be strong currently, driven by resilient non-farm activities, robust govt DBT transfers and favourable terms of trade for agricultural prices. We are therefore maintaining a close watch on the operating environment across our rural markets, with particular attention to geographies where rainfall deficits and water availability could exert greater pressure on borrower cash flows. Sustained momentum in services, and broadly stable employment conditions are supporting urban demand as well. Despite cost pressures, manufacturing activities are holding well, as indicated by IIP and PMI figures and services sector activity remains steady and broad-based, owing to buoyant domestic and external demand. Economic momentum thus remains broad based and is expected to sustain strong demand through the current fiscal year. Q2FY27 Highlights Coming to this quarter’s highlights, I am pleased to share that L&T Finance has delivered another consistently strong quarter of profitable and quality-led growth. During Q2FY27, we recorded our highest-ever consolidated profit after tax of ₹975 Cr, representing a growth of 33% YoY, against ₹902 Cr in Q1FY27. Our consolidated book stands at ₹1,36,635 Cr, reflecting a YoY growth of 28%, against ₹1,29,634 Cr in Q1FY27, with an RoA of 2.60% against 2.48% in the previous quarter. This has been achieved on the back of quarterly Retail disbursements of ₹24,027 Cr, up 27% YoY, with contributions from all our lines of business. Page 3 of 29 The disbursement momentum has been a result of our strong customer acquisition funnel, with a ~3 crores customer database and our continue [Showing first 8,000 characters — download PDF for full document]