# L&T Finance

> NBFCs. Figures from the lender's own filings, each checked against the page it came from.

Page: https://creditbrief.in/lenders/ltfin

## Loan book

- ₹1.22 lakh crore on 31 March 2026, the end of FY2025-26 (Total loan book).
- ₹1.37 lakh crore on 30 Sep 2026, the latest half-year balance.
- Source: L&T Finance Investor Presentation Q4 FY26, PDF page 68: https://nsearchives.nseindia.com/corporate/naguiyer_24042026191836_NSEBSEINTIMATION.pdf

## Findings

- Grew 8.3% a year from March 2022 to March 2026, faster than 0 of the 10 other NBFCs with like-for-like figures for those years.
- Growth picked up to 25% in FY2025-26, from 14% the year before.
- Slipped from 4th to 8th biggest of these 13 NBFCs between March 2022 and March 2026.

## What it lends against (30 Sep 2026)

- Rural Group Loans & Business Loans: ₹31,377 crore (23%)
- Home Loans: ₹23,810 crore (17.4%)
- Personal Loans: ₹18,664 crore (13.7%)
- Farm Equipment Finance: ₹17,397 crore (12.7%)
- Two Wheeler Finance: ₹16,158 crore (11.8%)
- SME Finance: ₹9,495 crore (6.9%)
- LAP: ₹9,036 crore (6.6%)
- Gold Finance: ₹5,043 crore (3.7%)
- Micro LAP: ₹2,088 crore (1.5%)
- Acquired Portfolio: ₹1,531 crore (1.1%)
- Infrastructure Finance: ₹1,247 crore (0.9%)
- Real Estate Finance: ₹789 crore (0.6%)

Source: L&T Finance Investor Presentation Q2 FY27, PDF page 48: https://nsearchives.nseindia.com/corporate/ltfinance_15102026200642_NSEBSEINTIMATION.pdf

## Figures by period

| Measure | FY2021-22 (31 Mar 2022) | FY2022-23 (31 Mar 2023) | FY2023-24 (31 Mar 2024) | FY2024-25 (31 Mar 2025) | FY2025-26 (31 Mar 2026) | 30 Sep 2026 |
|---|---|---|---|---|---|---|
| Loan book (₹ crore) | 88,341 | 80,893 | 85,565 | 97,762 | 1,21,728 | 1,36,635 |
| Branches (Number) | 198 | 206 | 207 | 245 | 673 | 880 |

### Sources for each figure

- Loan book, FY2021-22 (31 Mar 2022): "94,013 Total Book 85,552 88,341" (L&T Finance Holdings Investor Presentation Q4 FY22, PDF page 30) https://nsearchives.nseindia.com/corporate/L&TFH_29042022213126_InvestorPPTNSEBSEMERGED.pdf
- Loan book, FY2022-23 (31 Mar 2023): "80,893 Total Book 81,780 85,565" (L&T Finance Investor Presentation Q4 FY24, PDF page 42) https://nsearchives.nseindia.com/corporate/LTF_27042024194509_INVESTORPPT.pdf
- Loan book, FY2023-24 (31 Mar 2024): "80,893 Total Book 81,780 85,565" (L&T Finance Investor Presentation Q4 FY24, PDF page 42) https://nsearchives.nseindia.com/corporate/LTF_27042024194509_INVESTORPPT.pdf
- Loan book, FY2024-25 (31 Mar 2025): "97,762 Total Book 1,14,285 121,728" (L&T Finance Investor Presentation Q4 FY26, PDF page 68) https://nsearchives.nseindia.com/corporate/naguiyer_24042026191836_NSEBSEINTIMATION.pdf
- Loan book, FY2025-26 (31 Mar 2026): "97,762 Total Book 1,14,285 121,728" (L&T Finance Investor Presentation Q4 FY26, PDF page 68) https://nsearchives.nseindia.com/corporate/naguiyer_24042026191836_NSEBSEINTIMATION.pdf
- Loan book, 30 Sep 2026: "TOTAL BOOK 1,29,634 1,36,635" (L&T Finance Investor Presentation Q2 FY27, PDF page 48) https://nsearchives.nseindia.com/corporate/ltfinance_15102026200642_NSEBSEINTIMATION.pdf
- Branches, FY2021-22 (31 Mar 2022): "No. of branches 198" (L&T Finance Holdings Investor Presentation Q4 FY22, PDF page 50) https://nsearchives.nseindia.com/corporate/L&TFH_29042022213126_InvestorPPTNSEBSEMERGED.pdf
- Branches, FY2022-23 (31 Mar 2023): "Pan India 206 1,656" (L&T Finance Holdings Investor Presentation Q4 FY23, PDF page 35) https://www.ltfs.com/docs/default-source/investors/investor-presentation-q4fy23.pdf
- Branches, FY2023-24 (31 Mar 2024): "Total Branch Count: 207 (Rural – 58, Urban – 149)" (L&T Finance Investor Presentation Q4 FY24, PDF page 36) https://nsearchives.nseindia.com/corporate/LTF_27042024194509_INVESTORPPT.pdf
- Branches, FY2024-25 (31 Mar 2025): "Total Branch Count: 245 (Rural – 33, Urban – 212)" (L&T Finance Investor Presentation Q4 FY25, PDF page 49) https://www.ltfs.com/docs/default-source/investors/investor-presentation-q4fy25.pdf
- Branches, FY2025-26 (31 Mar 2026): "Total Branch Count: 673 (Rural – 144, Urban – 529)" (L&T Finance Investor Presentation Q4 FY26, PDF page 61) https://nsearchives.nseindia.com/corporate/naguiyer_24042026191836_NSEBSEINTIMATION.pdf
- Branches, 30 Sep 2026: "Total Branch Count: 880 (Rural – 159, Urban – 721)" (L&T Finance Investor Presentation Q2 FY27, PDF page 44) https://nsearchives.nseindia.com/corporate/ltfinance_15102026200642_NSEBSEINTIMATION.pdf

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