Analysts/Institutional Investor Meet/Con. Call Updates

July 20, 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 – Q1FY2026-27 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 Q1FY2026-27 financial performance and strategy update held on July 13, 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 Ltd. Q1 FY27 Earnings Call Transcript July 13, 2026 Management Personnel: Mr. Sudipta Roy (Managing Director & Chief Executive Officer) Mr. Sachinn Joshi (Chief Financial Officer) Mr. Raju Dodti (Chief Operating Officer) Mr. Karthik Narayanan (Head – Investor Relations) Page 1 of 30 Moderator: Ladies and gentlemen, good day and welcome to L&T Finance Limited Q1FY27 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 presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. We have with us today, Mr. Sudipta Roy, Managing Director and CEO; Mr. Sachinn Joshi, CFO; Mr. Raju Dodti, 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 Before we proceed, as a standard disclaimer, no unpublished price-sensitive information will be shared during the call.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 discussion during the interaction in the call. While all efforts will be made to ensure that no unpublished price-sensitive information will be shared, in case of any inadvertent disclosure, the same would in any case form part of the recording of the call.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 Q1 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: Thank you. A very good morning, everyone and thank you for joining us today for the Q1FY27 Investor Call of L&T Finance. Joining me on the call today are our Chief Financial Officer, Mr. Sachinn Joshi, our Chief Operating Officer, Mr. Raju Dodti, along with other members of the senior management team of L&T Finance. Similar to our previous earning 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. 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 will be happy to take questions on the call. Macro-economic outlook Before we delve into the highlights of the quarter, I would like to give you some flavor of the current macroeconomic scenario and sectoral outlook, which becomes important given the volatility in the geopolitical arena and the impending worries of an uneven monsoon coupled with the impact of El Nino. Over the past few months, the global economy has had to navigate geopolitical uncertainties, non-stop fluctuations in energy prices, disruption to supply chains, and changing trade dynamics between major economies. While these developments have introduced a period of volatility, India's macroeconomic fundamentals have continued to demonstrate resilience. The economy has performed better than expected throughout the year, while posting a growth of 7.8% in the fourth quarter of FY26, supported Page 2 of 30 by healthy government capital expenditure, improved infrastructure creation, and resilient private consumption driven by a recovery in rural demand. On the demand side, private consumption aided by discretionary spending has remained resilient so far, supported by both rural and urban demand. Structural reforms, favorable financial conditions, and the government's thrust on infrastructure spending have aided in investment activity and bodes well for sustained strength in demand conditions. The market is exhibiting strong credit growth momentum as some sectors like microfinance have emerged from a prolonged period of contraction and most other sectors see a healthy uptick of consumer demand. Strong growth impulses are reflected in credit momentum as well that has picked up in recent months. Tailwinds from regulatory and government measures introduced in FY26 are expected to support credit demand going forward. On the rural front, the progress of the southwest monsoon has remained an area of close attention for the entire financial services industry. While the season began with some regional variability and intermittent rainfall patterns, we are encouraged by the gradual improvement in monsoon activity over the last past few weeks with 70% of the country reporting normal or higher rainfall in July. Rainfall in the first week of July 2026 was 48% above the normal level and cumulative monsoon deficit till 10th July 2026 had reduced to 14% below the long period average. Mandi arrivals of rabi crops are running 8% higher and government procurement for kharif crops has seen a massive surge. I would like to call out that the market concern we have seen regarding onset of El Nino and its projected impact on the monsoon. The L&T Finance team has extensively traveled in rural geographies in our core markets over the last few weeks and we see normal economic momentum. While the onset of the monsoon was slightly delayed, economic and agricultural activity remains strong and current reservoir levels are sufficient to sustain normal agricultural output and hence protect rural cash flows. We remain hopeful that rainfall will continue to catch up during the balance of the season, supporting agricultural output, rural cash flows, and overall consumption. Encouragingly, rural demand indicators continue to remain resilient, aided by healthy government spending, continued infrastructure investments, and sustained focus on the rural economy. We are confident that resilient domestic demand and coordinated policy support will provide the wherewithal to withstand the adverse impact of such uncertainties. Q1FY27 Highlights Coming to this quarter's highlights, I'm pleased to share that L&T Finance has delivered another strong quarter of profitable and quality-led growth. During Q1FY27, we recorded our highest ever quarterly consolidated profit after tax of ₹902 Cr, representing a growth of 29% YoY. Our consolidated book crossed another important milestone, reaching ₹1,29,634 Cr, reflecting a healthy YoY growth of 27% with an RoA of 2.48%, reflecting a growth of 11 basis points YoY. This has been achieved on the back of robust quarterly retail disbursements of ₹23,852 Cr, up 36% YoY, with contributions from all our lines of business, demonstrating the continued strength of our diversified retail franchise. Page 3 of 30 The significant thrust in our disbursement momentum year-on-year has been a result of a continued focus on building granular distribution channels, our ever-expanding branch footprint, expansion of our digital acquisition capabilities, duly su [Showing first 8,000 characters — download PDF for full document]