L&t Finance Ltd · NSE:LTF
L&t Finance — Q3 FY26 Earnings Presentation
79 slides from L&t Finance's earnings presentation, Jan 16, 2026
Slide 1: Submission of investor / analyst presentation
(fj; L&T Finance January 16, 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: LT
Slide 2: Investor Presentation Q3FY26
9 L&T Finance L&T FINANCE Investor Presentation Q3FY26
Slide 3: Disclaimer
Disclaimer 9 L&T Finance L&T Finance Limited (formerly known as L&T Finance Holdings Limited) (the “Company”) offers a range of financial products and services under the L&T Finance (LTF) brand. The information provided in this presentation by the Company is for information purposes only. This prese
Slide 4: Lakshya 2026 Goals Convergence At Consolidated Level
Lakshya 2026 Goals L&T FINANCE Convergence At Consolidated Level 3
Slide 5: Sustaining trajectory in line with Lakshya 2026 goals even during cycles
Sustaining trajectory in line with Lakshya 2026 goals even during cycles 9 L&T Finance L&T FINANCE RETAIL CONSOL CONSOL RETAILISATION GROWTH ASSET QUALITY ROA GS3 <3% FY26 >95% >25% CAGR 2.8% - 3% NS3 <1% GS3 4.08% FY22 (At Q4: 51% Q4: 10% Q4: Q4: 1.33% | FY: 1.04% launch) NS3 1.98% GS3 3.19% FY26 9
Slide 6: RoA trajectory over Lakshya 2026 journey
RoA trajectory over Lakshya 2026 journey 9 L&T Finance Endeavouring to drive consistency and predictability through cycles Consolidated LTF Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Retailisation 51% 54% 58% 64% 75
Slide 7: Executive Summary Q3FY26
Executive Summary L&T FINANCE Q3FY26 6
Slide 8: Executive Summary – Q3FY26 (1/4)
Executive Summary – Q3FY26 (1/4) 9 L&T Finance Financial Performance Overview ❖ Retailisation at 98% of overall book L&T FINANCE ❖ Retail book stands at ₹ 1,11,990 Cr, growth of 21% YoY | Consolidated Book stands at ₹ 1,14,285 Cr ❖ Retail disbursements for Q3FY26 at ₹ 22,701 Cr vs. 15,210 Cr in Q3FY
Slide 9: Executive Summary – Q3FY26 (2/4)
Executive Summary – Q3FY26 (2/4) 9 L&T Finance Financial Performance Overview ❖ NIMs+Fees for Q3FY26 improves considerably by 19 bps QoQ to 10.41% from 10.22% in Q2FY26; contributed by stable yields & cost of borrowings reduction due to Treasury efficiencies L&T FINANCE ❖ Opex for Q3FY26 includes on
Slide 10: Executive Summary – Q3FY26 (3/4)
Executive Summary – Q3FY26 (3/4) 9 L&T Finance Financial Performance Overview ❖ PAT before exceptional items for Q3FY26 at ₹ 760 Cr | RoA for Q3FY26 at 2.37% | RoE of 11.38% for Q3FY26 ❖L&T PAT FINANCE after exceptional items for Q3FY26 at ₹ 739 Cr | RoA for Q3FY26 at 2.31% | RoE of 11.07% for Q3FY2
Slide 11: Executive Summary – Q3FY26 (4/4)
Executive Summary – Q3FY26 (4/4) 9 L&T Finance Strategic & Operational Initiatives ❖ Project Cyclops implementation status : Two- Farm Home Rural Group L&T FINANCE Product Wheeler Equipment SME Finance Personal Loans Loans & Loans & Gold Finance Finance Finance LAP MFI Project Cyclops – status '~ '-
Slide 12: Executive Summary – Q3FY26 Financial Performance
Executive Summary – Q3FY26 Financial Performance 9 L&T Finance f ♦ I • I I I • f ♦ I I I I I I I I L&T FINANCE I I I I I I RETAIL DISBURSEMENT I I I I I I CONSOL NIMs+FEES I I I I I I CONSOL ROA I I I I I I I I I I I I I I I I I I I I I I I I I I I I ₹ 22,701 Cr 10.41% 2.31%* I I I I I I I I I I I I
Slide 13: 5 Pillar Strategy – An Update
L&T FINANCE 5 Pillar Strategy – An Update 12
Slide 14: Pillar strategy to deliver on Lakshya goals
5 Pillar strategy to deliver on Lakshya goals 9 L&T Finance L&T FINANCE 01 0 2 3 4 5 Implementing Enhancing Sharpening Heightened Capability Futuristic Customer Acquisition Credit Underwriting Brand Visibility Building Digital Architecture • Broadening customer • Optimizing digital • Enhancing brand
Slide 15: Pillar 1: Enhancing Customer Acquisition
Pillar 1: Enhancing Customer Acquisition 9 L&T Finance Rural & Urban Q3 FY25 Q2 FY26 Q3 FY26 Customer Funnels New Customer Acquisition L&T FINANCE c: New Customer Acquisition Attracting new (no. in lacs) 5.8 5.9 6.9 customers Expanding Reach Rural Group Loans & MFI New villages activated (nos.) 19,9
Slide 16: Pillar 1: Enhancing Customer Acquisition
Pillar 1: Enhancing Customer Acquisition M 9 L&T Finance Rural & Urban Q3 FY25 Q2 FY26 Q3 FY26 Customer Database Cross-sell & up-sell L&T FINANCE RURAL URBAN Total Retail Repeat disbursement share (Count) 43% 51% 48% 0 ~ ~ t Total Retail Repeat disbursement share (Value) 32% 40% 40% Rural Group Loan
Slide 17: Pillar 2: Sharpening Credit Underwriting (1/11)
Pillar 2: Sharpening Credit Underwriting (1/11) Operationalised ‘Project Cyclops’ in Two Wheeler, Farm Equipment Finance, SME Finance and Personal Loans E 9 L&T Finance NEXT-GEN OMNI-PRODUCT AND OMNI-CUSTOMER UNDERWRITING ENGINE Raw Data Pre-processed Data ML Model BRE L&T FINANCE -- / ,, :I ,,.. ..
Slide 18: Pillar 2: Sharpening Credit Underwriting (2/11)
Pillar 2: Sharpening Credit Underwriting (2/11) Rural Business Finance – Stringent Portfolio Policy & Sourcing Norms Rural Group Loans (JLG) & Micro Finance (JLG) E 9 L&T Finance 0 L&T FINANCE Applicant to be O DPD Strict Association Norms JLG Indebtedness Norms Income estimation & total indebtednes
Slide 19: Pillar 2: Sharpening Credit Underwriting (3/11)
Pillar 2: Sharpening Credit Underwriting (3/11) Rural Business Finance – Stringent Portfolio Policy & Sourcing Norms B 9 L&T Finance Rural Group Loans (JLG) & Micro Finance (JLG) L&T FINANCE Monthly customer leverage tracker + Strong Early Warning Signals + Exclusive Risk Control Unit Comprehensive
Slide 20: Pillar 2: Sharpening Credit Underwriting (4/11)
Pillar 2: Sharpening Credit Underwriting (4/11) Rural Business Finance – Stringent Portfolio Policy & Sourcing Norms Rural Group Loans (JLG) & Micro Finance (JLG) E 9 L&T Finance L&T FINANCE LTF - Association wise customer composition at sourcing (% of disbursements) Association Q2FY24 Q3FY24 Q4FY24
Slide 21: Pillar 2: Sharpening Credit Underwriting (5/11)
Pillar 2: Sharpening Credit Underwriting (5/11) Rural Business Finance – Stringent association norms leading to industry best association cohorts… B 9 L&T Finance Customer Association on Rural Group Loans & Microfinance loan book (%) +13% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 L&T FINANCE
Slide 22: Pillar 2: Sharpening Credit Underwriting (6/11)
Pillar 2: Sharpening Credit Underwriting (6/11) …and a robust portfolio B 9 L&T Finance Rural Group Loans (JLG) & Micro Finance (JLG) Basis rolling 12-month sourcing cohorts L&T FINANCE 98.8% 98.8% 98.7% 98.7% 98.9% ATS (in ₹) 100,000 80,000 -- 5+ Yrs 3-5 Yrs On Due Date 60,000 (ODD) CE % vs Borrowe
Slide 23: Pillar 2: Sharpening Credit Underwriting (7/11)
Pillar 2: Sharpening Credit Underwriting (7/11) Leading to a robust portfolio B 9 L&T Finance Farm Equipment Finance Two Wheeler Finance 78% L&T FINANCE72% 72% 77% 76% 76% 77% Basis rolling 12-month 71% 10.0 71% 71% -- 80% 130 74% -- 9.0 78% sourcing cohorts LTV 120 LTV 72% LTV % 8.0 LTV % 76% 110 7
Slide 24: Pillar 2: Sharpening Credit Underwriting (8/11)
Pillar 2: Sharpening Credit Underwriting (8/11) Journey towards building a Prime-dominant Two Wheeler portfolio B 9 L&T Finance Two Wheeler Finance L&T FINANCE Prime share in disbursements Prime share on book 87% 85% 87% 69% 71% 72% 69% 64% 63% 47% 48% 49% Oct Nov Dec Oct Nov Dec ■ Q3FY25 ■ Q3FY26 ■
Slide 25: Pillar 2: Sharpening Credit Underwriting (9/11)
Pillar 2: Sharpening Credit Underwriting (9/11) Journey towards quality sourcing - Two Wheeler Finance portfolio B 9 L&T Finance Two Wheeler Finance L&T FINANCE Indexed representation of TW Portfolio Bounce (%) Calculation methodology : Portfolio Bounce % in Mar’24 is taken as the base on an index o
Slide 26: Pillar 2: Sharpening Credit Underwriting (10/11)
Pillar 2: Sharpening Credit Underwriting (10/11) Journey towards quality sourcing – Farm Equipment Finance portfolio B 9 L&T Finance Farm Equipment Finance L&T FINANCE Indexed representation of Farm Net Non Starters (NNS) % Calculation methodology : NNS % in Mar’24 is taken as the base on an index o
Slide 27: Pillar 2: Sharpening Credit Underwriting (11/11)
Pillar 2: Sharpening Credit Underwriting (11/11) Leading to a robust portfolio B 9 L&T Finance Home Loans LAP 91 L&T FINANCE 74 76 78 83 84 85 Basis rolling 12-month 120% 73 71 90 120% 81 100 -- 80 -- 90 sourcing cohorts 100% 100% ATS 70 ATS ATS 80 ATS 70 80% 60 80% (₹ in lacs) 50 LTV (₹ in lacs) 60
Slide 28: Pillar 3: Implementing Futuristic Digital Architecture
Open API & M icroservice based architecture Engineering for tomorrow – Future Tech Landscape | Ongoing Tech initiatives, continue to be on track Pillar 3: Implementing Futuristic Digital Architecture , ,, ,, '' L&T FINANCE i~e ru ' :111 t• __. , ~•e • I I ' '7''""' •a. \, I I I l';".- I (/) 0 () "Tl
Slide 29: Pillar 3: Project Nostradamus beta launched in Aug'25
Pillar 3: Implementing Futuristic Digital Architecture Project Nostradamus beta launched in Aug’25 ahead of earlier announced schedule Consent Layer Model Orchestration L&T FINANCE Job Dashboard Qlik Dashboard Modelling Nostradamus Models EDX (Exchange Data Customer Level Models (EWS, Banking Extern
Slide 30: Pillar 4: Heightened Brand Visibility
Pillar 4: Heightened Brand Visibility Improving and projecting LTF’s tech quotient through RAISE’25 ■ 9 L&T Finance L&T FINANCE 4,500+ 40+ 6,000+ Attendees 15+| 5+ Masterclasses | 50+ Speakers | 15+ Demos 5+ Attendees Speakers Demos Masterclasses L&T Finance’s flagship AI conclave - RAISE 2025 bring
Slide 31: Pillar 5: Capability Building & Employee Initiatives
Pillar 5: Capability Building & Employee Initiatives B 9 L&T Finance Sampoorna Branch L&T FINANCE Launched the 1st multi-product Sampoorna Branch in Ujjain Building capabilities in new businesses 30
Slide 32: Business Update
L&T FINANCE Business Update 31
Slide 33: Retail disbursement increased by 49% on YoY basis
Retail disbursement increased by 49% on YoY basis 9 L&T Finance ₹ in Cr Rural Business Finance Farmer Finance --------------· +47% ---------. --------------- +12% --------- I '' y '' ' L&T FINANCE RETAIL FINANCE ' 6,316 6,740 ' '.I' 4,599 2,495 2,783 1,654 +49% ·--------------, ' y' 22,701 Q3FY25 Q2
Slide 34: Retail book growth of 21% YoY
Retail book growth of 21% YoY 9 L&T Finance ₹ in Cr Rural Business Finance Farmer Finance --------------· +10% ---------. +11% ---------, '' y ' L&T FINANCE RETAIL FINANCE ' 26,231 27,460 28,976 15,075 15,943 'V' 16,671 +21% .---------------. ' y' Gold Finance Q3FY25 Q2FY26 Q3FY26 Q3FY25 Q2FY26 Q3FY
Slide 35: Collection Efficiency (1/3)
Collection Efficiency (1/3) 9 L&T Finance 0 DPD CE = POS of 0 DPD collected / POS of 0 DPD billed RURAL BUSINESS FINANCE 0 DPD CE % L&T FINANCE RURAL GROUP LOANS & MICRO FINANCE (JLG) 99.3% 99.4% 99.4% 99.5% 99.5% 99.5% 99.6% 99.6% 99.7% 100.00% 99.50% 99.00% •• •• •• • • • • • • 104.00% 102.00% RUR
Slide 36: Collection Efficiency (2/3)
Collection Efficiency (2/3) 9 L&T Finance L&T FINANCE FARMER FINANCE FARM EQUIPMENT FINANCE G RURAL .. •• 89.8% 92.2% 93.0% • • 92.4% • • 91.4% • • 92.1% • • 89.8% • 91.5% • • ... 94.0% • • • • 88.4% 91.1% 91.8% 90.7% 90.8% 91.5% • 88.9% 90.3% 92.8% 92.4% 91.6% 93.0% Apr May Jun Jul Aug Sep Oct Nov
Slide 37: Collection Efficiency (3/3)
Collection Efficiency (3/3) 9 L&T Finance L&T FINANCE FY25 ...,_ FY26 0 URBAN FINANCE FY25 ...,_FY26 TWO WHEELER FINANCE .. PERSONAL LOANS 198.3% 1 198.5% 1 198.7% 1 198.7% 1 198.7% 1 198.7% 1 198.8% 1 199.o¾ I ... 198.4% 1 198.8% 1 198.8% 1 199.2% 1 199.o¾ I 199.o¾ 1 199.o¾ I 199 .o¾ I 199.3% 1 • I
Slide 38: Retail Asset Quality (1/4)
Retail Asset Quality (1/4) 9 L&T Finance Improving asset quality trends – Rural Group Loans & MFI Best-in-class 0 DPD portfolio and PAR trends vis-à-vis the Industry 0 DPD book L&T FINANCE Industry 87.2% 86.8% 87.4% 86.9% 83.5% 80.2% 78.9% 77.0% 75.2% - LTF 96.8% 97.1% 97.0% 96.8% 96.4% 95.8% 94.9%
Slide 39: Retail Asset Quality (2/4)
Retail Asset Quality (2/4) 9 L&T Finance ‘0 DPD’ for our 3 fulcrum products L&T FINANCE 0 RURAL GROUP LOANS & MICRO FARM EQUIPMENT FINANCE TWO WHEELER FINANCE FINANCE (JLG) 95.9% 89.8% 87.2% 81.2% 75.2% 79.0% I I I I I I I Industry LTF Industry LTF Industry LTF I I L---------------------------------
Slide 40: Retail Asset Quality (3/4)
Retail Asset Quality (3/4) Stagewise assets & provision summary G Q3FY25 Q2FY26 Q3FY26 R Stage wise (in ₹ Cr) Q3FY25 Q2FY26 Q3FY26 (% of Total) (% of Total) (% of Total) O S Stage 1 87,325 94.69% 99,258 94.89% 1,06,677 95.26% L&T FINANCE S A Stage 2 2,273 2.46% 2,296 2.20% 2,138 1.91% S S Stage 3 2,
Slide 41: Retail and Consol Asset Quality (4/4)
Retail and Consol Asset Quality (4/4) 9 L&T Finance Retail and Consol GS3 L&T FINANCE RETAIL - ASSET QUALITY CONSOLIDATED – ASSET QUALITY 72% 72% 73% 71% 70% 72% 5,000 4,950 4,900 13% 4,850 4,800 4,750 5,000 4,700 4,650 4,600 4,550 4,500 4,450 4,400 4,350 4,300 4,250 4,200 4,150 4,100 11% 4,500 4,05
Slide 42: Proactive Asset Liability Management
Proactive Asset Liability Management 9 L&T Finance CAPITALISING IN TIMES OF FALLING INTEREST RATE ENVIRONMENT DIVERSIFIED LIABILITY MIX (%) WEIGHTED AVERAGE COST OF BORROWING (WACB) (%) L&T FINANCE 5% 2% 3% ■ Bank Loan - Non-PSL 8% 7.80% 7.83% 1% 7% 23% Bank Loan - PSL 7.50% 28% 1% 8% 7.46% ■ FI Loa
Slide 43: ANNEXURES
9 L&T Finance ANNEXURES 42
Slide 44: Index of Annexures
Index of Annexures 9 L&T Finance L&T FINANCE I Dominant Retail Franchise built over a decade II Financials III Other Annexures 43
Slide 45: L&T Finance Pedigree & Position
L&T Finance Pedigree & Position 9 L&T Finance L&T FINANCE , ,- !.~ 'I? Top 10 {fi)L&TFinan Retail "o NBFCs Part of illustrious Upper Layer NBFC Amongst Highest Credit Top Notch L&T group as per RBI classification Top Retail NBFCs Rating – ‘AAA’ ESG Ratings Built on the foundation of Trust & Commitme
Slide 46: Retail Businesses
Retail Businesses 9 L&T Finance Rural Group Loans & Two Wheeler Finance Micro Finance (JLG) L&T Rural FINANCE Business Finance Micro LAP Urban Home Loans & LAP Finance Q1 59% Portfolio FY24 Farm Equipment 41% Mix Finance Personal Loans Farmer RURAL URBAN Finance Agri Allied Finance SME Loans to SME
Slide 47: Retail Franchise & Right to Win
Retail Franchise & Right to Win 9 l&T Finance DIVERSIFIED RETAIL NBFC L&T FINANCE Q1 2.2 Cr+ Portfolio 59% FY24 41% Mix downloads Pan-India presence RURAL URBAN Leveraging ~2.8 Cr ~14,000 Optimised Digital Service ~2,00,000 Villages customer franchise Distribution & Distribution delivery 400+ Cities
Slide 48: Granular and extensive distribution network
Granular and extensive distribution network 9 L&T Finance State Rural Branches Urban Branches 18 States I ~2,00,000 Villages 22 States I I4 UT 400+ Cities / Towns Madhya Pradesh Maharashtra 86 98 51 30 L&T FINANCE Uttar Pradesh 170 23 Gujarat 104 41 Karnataka 248 21 West Bengal 124 21 Andhra Pradesh
Slide 49: Market dominance through fulcrum product (1/3)
Market dominance through fulcrum product built over a decade (1/3) 9 L&T Finance Rural Group Loans and Micro Finance (JLG) - amongst the Leading Financiers Well diversified Operational Customer footprint excellence Centricity L&T FINANCE Rural Group Loans & Micro Finance (JLG) • Automated underwriti
Slide 50: Market dominance through fulcrum product (2/3)
Market dominance through fulcrum product built over a decade (2/3) 9 L&T Finance Farm Equipment Finance – amongst the Leading Financiers Well diversified Dealer / OEM Customer footprint Relationship Centricity L&T FINANCE Farm Equipment Finance • 175+ branches across 16 states • 2,500+ Dealers • Ret
Slide 51: Market dominance through fulcrum product (3/3)
Market dominance through fulcrum product built over a decade (3/3) 9 L&T Finance Two Wheeler Finance - amongst the Leading Financiers Well diversified Dealer / OEM Customer footprint Relationship Centricity L&T FINANCE Two Wheeler Finance • 8,500+ Sourcing points • Straddle continuum from New To • 1
Slide 52: Index of Annexures
Index of Annexures 9 L&T Finance L&T FINANCE I Dominant Retail Franchise built over a decade II Financials III Other Annexures 51
Slide 53: Lending Business – Business wise disbursement split
Lending Business – Business wise disbursement split Disbursement Q3FY25 Particulars (₹ Cr ) Q2FY26 Q3FY26 Y-o-Y (%) Farmer Finance L&T FINANCE 2,495 Farm Equipment Finance 1,654 2,783 12% 4,599 Rural Business Finance 6,316 6,740 47% 4,321 Rural Group Loans (100% JLG) 5,989 6,347 47% 137 Micro Financ
Slide 54: Lending Business – Business wise book split
Lending Business – Business wise book split Book Q3FY25 Particulars (₹ Cr ) Q2FY26 Q3FY26 Y-o-Y (%) Farmer Finance L&T FINANCE 15,075 Farm Equipment Finance 15,943 16,671 11% 26,231 Rural Business Finance 27,460 28,976 10% Rural Group Loans & 25,915 26,617 27,874 8% Micro Finance Loans (100% JLG) 31
Slide 55: LTF Consolidated – Summary financial performance
LTF Consolidated – Summary financial performance 9 L&T Finance Performance Summary Q3FY25 Particulars (₹ Cr ) Q2FY26 Q3FY26 Y-o-Y (%) 3,610 Interest Income 3,852 4,110 14% L&T FINANCE 1,569 Interest Expense 1,634 1,703 9% 2,041 NIM 2,218 2,407 18% 439 Fee & Other Income 474 513 17% 2,480 Total Incom
Slide 56: LTF Consolidated – Summary financial performance
LTF Consolidated – Summary financial performance Performance Summary L&T FINANCE Q3FY25 Particulars (₹ Cr ) Q2FY26 Q3FY26 Y-o-Y (%) 95,120 Closing Book 107,096 114,285 20% 95,227 Average Book 104,527 111,262 17% 24,910 Networth 26,358 27,108 9% 99.9 Book Value per share (₹) 105.4 108.3 9% 2.5 Basic
Slide 57: LTF Consolidated – Key ratios
LTF Consolidated – Key ratios Key Ratios Q3FY25 Key Ratios Q2FY26 Q3FY26 15.04% Yield 14.62% 14.66% L&T FINANCE 8.50% Net Interest Margin 8.42% 8.58% 1.83% Fee & Other Income 1.80% 1.83% 10.33% NIM + Fee & Other Income 10.22% 10.41% 4.41% Operating Expenses 4.05% 4.05% 5.93% Earnings before credit c
Slide 58: Index of Annexures
Index of Annexures 9 L&T Finance Dominant Retail Franchise built over a decade L&T FINANCE I II Financials III Other Annexures PLANET and Digital Update Asset Liability Management & Credit Ratings Sustainability (ESG & CSR) Board and Senior Management 57
Slide 59: App as a powerful digital channel for customer (1/3)
App as a powerful digital channel for customer (1/3) PLANET App Features 9 L&T Finance ‘PLANET’ APP FEATURES (Launched in March 2022) Iii ‘Partner PLANET’ APP FEATURES (Launched in Oct 2025) L&T FINANCE Servicing features -------------~- ,--- Engagement features Building a smarter Dealer ecosystem V
Slide 60: Developing digital finance delivery as a customer value proposition
Developing digital finance delivery as a customer value proposition 9 L&T Finance L&T₹ FINANCE 7,700 Cr+ Collections ₹ 24,100 Cr+ Sourcing 10 Cr+ Servicing Experience 18.3 Lac Rural Customers ₹ in Cr Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 SOURCING 715 1,126 1,024 1,6
Slide 61: App as a powerful digital channel for customer (3/3)
App as a powerful digital channel for customer (3/3) 9 L&T Finance PLANET App: Service Measurement Metrics upto Q3FY26 Update Count in lacs Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 L&T FINANCE SERVICING 41.4 85.8 90.4 101.1 126.6 134.2 122.4 145.0 155.7 RESOLUTION Main
Slide 62: Digital delivery: Touching every part of the customer ecosystem
Developing digital finance delivery as a customer value proposition 9 L&T Finance Digital delivery: Touching every part of the customer ecosystem L&T FINANCE NACHI 100% 100% 99% 42% 98% Paperless Journey in ·-----t Rural Group Loans, Digital eNach Digital Digital 2W Finance, Disbursements Penetratio
Slide 63: Marked improvement in Rural Digital collections
Marked improvement in Rural Digital collections 9 L&T Finance 35% 35% L&T FINANCE 27% 29% 23% 23% 21% 19% 10% Rural Group Loans - - - 5% & Micro Finance 3% 3% (JLG) Apr'23 Jun'23 Sep'23 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 67% 61% 63% 63% 59% 53% 53% 47% 48% 41% 38% 32% 0 F
Slide 64: Net Promoter Score
Net Promoter Score Investing in enriching customer experience to build brand loyalty 9 L&T Finance LTF achieved an overall Net Promoter Score (NPS) of 55 L&T FINANCE 54 50 52 68 76 70 0 Rural Group Loans & Farm Equipment Two Wheeler Personal Home Loans SME Micro Finance (JLG) Finance Finance Loans &
Slide 65: Index of Annexures
Index of Annexures 9 L&T Finance Dominant Retail Franchise built over a decade L&T FINANCE I II Financials III Other Annexures PLANET and Digital Update Asset Liability Management & Credit Ratings Sustainability (ESG & CSR) Board and Senior Management 64
Slide 66: Prudent ALM - as on December 2025
Prudent ALM - as on December 2025 9 L&T Finance Structural Liquidity statement 79,787 L&T FINANCE ■ Cumulative Inflows (₹. Cr) 53,226 ■ Cumulative Outflows (₹. Cr) 38,904 38,608 32,720 23,256 27,075 26,835 21,848 14,335 9,015 1,631 1,738 3,743 1-7 days 8-14 days 15 days-1 month 1-2 months 2-3 months
Slide 67: Credit rating: Update
Credit rating: Update 9 L&T Finance AAA credit rating – Domestic Rating Agencies L&T FINANCE Rating Agency Long-term / Short-term Rating of LTF Crisil Ratings, ICRA, CARE, India Ratings AAA / Stable / A1+ The ‘AAA’ rating is driven by LTF’s diversified business mix with strong presence across the fi
Slide 68: Index of Annexures
Index of Annexures 9 L&T Finance Dominant Retail Franchise built over a decade L&T FINANCE I II Financials III Other Annexures PLANET and Digital Update Asset Liability Management & Credit Ratings Sustainability (ESG & CSR) Board and Senior Management 67
Slide 69: L&T Finance – Businesses aligned with Sustainability goals
L&T Finance – Businesses aligned with Sustainability goals 9 L&T Finance RURAL : f 45,000 Cr+ Book Business deeply intertwined with ESG SDG Linkage L&T FINANCE II■ 2,200 + Branches Penetrating underserved Pan-India Reach Active customers across ~2,00,000 Villages geographies Geo presence 26,500 + em
Slide 70: ESG : Building a Sustainable Future – Key Highlights
ESG : Building a Sustainable Future – Key Highlights 9 L&T Finance LTF felicitated with prestigious ICSI Award for Business Responsibility & Sustainability (BRS) in service sector L&T FINANCE Climate Engagement *Note: Study conducted by an independent consultant Social Engagement Stakeholder Engagem
Slide 71: ESG : Building a Sustainable Future – Key Metrics
ESG : Building a Sustainable Future – Key Metrics 9 L&T Finance r Diversity at Workplace 6.8 % female participation .tlrConvergence of Social Schemes: L------------------ Rs. 100 Cr L&T FINANCE Financial Inclusion of Rural Communities: Sensitization of Rural Communities Green Power 4.30+ Lakh on Cyb
Slide 72: ESG : Building a Sustainable Future – Ratings
ESG : Building a Sustainable Future – Ratings 9 L&T Finance NSE L&T FINANCE Sustainability 75 (December 2025) Ratings & Analytics CRISIL ESG Ratings 70 categorised as 'Strong (July 2025) & Analytics Performed in top decile in the FBN Diversified Financial Services and Capital S&P Global Markets Indu
Slide 73: Corporate Social Responsibility
Corporate Social Responsibility Social Good, Communities@scale 9 L&T Finance Digital & Financial Inclusion 4.30 lakh + community members outreached under ongoing Dig- al Sakhi projects in Karnataka , Kerala , West Bengal, Tamil Nadu, Uttar Pradesh. Bihar, Rajasthan & Gujarat L&T FINANCE Over 1 00,00
Slide 74: Meaningful CSR Impact
Meaningful CSR Impact 9 L&T Finance Since FY18 States Districts Villages Overall Outreach Leading the way! 14 29 4,300+ 76 Lakh+ ISO 26000:2010 Social Responsibility L&T FINANCE Digital and Financial Inclusion Climate Impact Management Digital Sakhi Project Prakruti (Plantation) | Jalvaibhav 66.75 L
Slide 75: Corporate Social Responsibility
Corporate Social Responsibility Communication & Recognition 9 L&T Finance Communication Recognition El' onom l cs ICSI Business Responsibility & L&T FINANCE at th CIIGrTAL SltKHIS Workpl TAKE TH£ MIC ON All lNDIA R..Ot<t' Sustainability (BRS) Award -------- -- Financing Su&tainablc Futurw : Aligning
Slide 76: Index of Annexures
Index of Annexures 9 L&T Finance Dominant Retail Franchise built over a decade L&T FINANCE I II Financials III Other Annexures PLANET and Digital Update Asset Liability Management & Credit Ratings Sustainability (ESG & CSR) Board and Senior Management 75
Slide 77: Well experienced and diversified Board
Well experienced and diversified Board 9 L&T Finance BOARD OF DIRECTORS L&T FINANCE S.N. Subrahmanyan, Non-Executive Director, Chairman o Current Chairman & Managing Director of Larsen and Toubro Limited. Sudipta Roy, Managing Director & CEO o 29 years of experience across multiple domains in BFSI s
Slide 78: Management Committee
Management Committee 9 L&T Finance Sudipta Roy Managing Director & CEO 29 yrs exp, ICICI Bank, Deutsche L&T FINANCE Bank, Citibank NA Raju Dodti Sonia Krishnankutty Sachinn Joshi COO CE – Rural Business Finance CFO 27 yrs exp, IDFC, Rabo, ABN 35 yrs exp, Aditya Birla Financial Amro, Soc Gen 26 yrs e
Slide 79: Thank You
~ -- . I '1J L&T Finance ; Thank You 78