L&t Finance Ltd · NSE:LTF
L&t Finance — Q2 FY26 Earnings Presentation
82 slides from L&t Finance's earnings presentation, Oct 15, 2025
Slide 1: Exchange filing cover letter
October 15, 2025 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 N
Slide 2: Investor Presentation Q2FY26
L&T FINANCE Investor Presentation Q2FY26
Slide 3: Disclaimer
Disclaimer 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 presentation or any
Slide 4: Lakshya 2026 Goals
L&T FINANCE Lakshya 2026 Goals Convergence At Consolidated Level 3
Slide 5: Sustaining trajectory in line with Lakshya 2026 goals
Sustaining trajectory in line with Lakshya 2026 goals even during cycles 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 3.29% FY26 98% 18% 2.41% N
Slide 6: RoA trajectory over Lakshya 2026 journey
RoA trajectory over Lakshya 2026 journey 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 Retailisation 51% 54% 58% 64% 75% 82% 88% 91% 94% 95%
Slide 7: Executive Summary Q2FY26
Executive Summary L&T FINANCE Q2FY26 6
Slide 8: Executive Summary – Q2FY26 (1/4)
Executive Summary – Q2FY26 (1/4) Financial Performance Overview Retailisation at 98% of overall book | Retail Book crosses the ₹ 1 lakh Cr milestone L&T FINANCE Retail book stands at ₹ 1,04,607 Cr, growth of 18% YoY | Consolidated Book stands at ₹ 1,07,096 Cr Retail disbursements for Q2FY26 at
Slide 9: Executive Summary – Q2FY26 (2/4)
Executive Summary – Q2FY26 (2/4) Financial Performance Overview NIMs+Fees for Q2FY26 steady at 10.22% L&T FINANCE Consol. credit cost – moving towards a structurally stronger credit cost paradigm : Particulars Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Consol Book (₹ Cr) 93,015 95,120 97,762 1,02,314 1,0
Slide 10: Executive Summary – Q2FY26 (3/4)
Executive Summary – Q2FY26 (3/4) Strategic & Operational Initiatives Project Cyclops implementation status : L&T FINANCE Two- Farm SME Personal Home Rural Group Gold Product Wheeler Equipment Loans & Loans & Finance Loans Finance Finance Finance LAP MFI Project Cyclops – status Q3FY26 FY27 FY27 -
Slide 11: Executive Summary – Q2FY26 (4/4)
Executive Summary – Q2FY26 (4/4) Financial Performance Overview Utilisation of Macro-prudential Provisions – Delivering stable credit cost outcome in an adverse cycle L&T FINANCE • LTF, during COVID (FY21 & FY22), had created macro-prudential provision of ₹ 975 Cr (out of operating profits) exclus
Slide 12: Executive Summary – Q2FY26 Financial Performance
Executive Summary – Q2FY26 Financial Performance L&T FINANCE RETAIL DISBURSEMENT CONSOL NIMs+FEES CONSOL ROA ₹ 18,883 Cr 10.22% 2.41% 25% YoY | 8% QoQ -64bps YoY | 0 bps QoQ -19bps YoY | +4bps QoQ RETAIL BOOK CONSOL PAT CONSOL ROE ₹ 1,04,607 Cr ₹ 735 Cr 11.33% +18% YoY | +5% QoQ +6% YoY | +5% QoQ -3
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 L&T 1 FINANCE 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 • Focused enhanc
Slide 15: Pillar 1: Enhancing Customer Acquisition
Pillar 1: Enhancing Customer Acquisition Rural & Urban Q2 FY25 Q1 FY26 Q2 FY26 Customer Funnels New Customer Acquisition L&T FINANCE New Customer Acquisition Attracting new (no. in lacs) 6.6 5.5 5.9 customers Expanding Reach Rural Group Loans & MFI New villages activated (nos.) 22,743 24,430 28,229
Slide 16: Pillar 1: Enhancing Customer Acquisition
Pillar 1: Enhancing Customer Acquisition Rural & Urban Q2 FY25 Q1 FY26 Q2 FY26 Customer Database Cross-sell & up-sell L&T FINANCE RURAL URBAN Total Retail Repeat 43% 49% 51% disbursement share (Count) Total Retail Repeat 35% 35% 40% disbursement share (Value) Rural Group Loans & MFI 53% 65% 68% Repe
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 and SME Finance NEXT-GEN OMNI-PRODUCT AND OMNI-CUSTOMER UNDERWRITING ENGINE Raw Data Pre-processed Data ML Model BRE L&T FINANCE Existing to Bureau ETC Credit • ETC + AA Account S
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) L&T FINANCE Strong credit guardrails implemented over the years continues to reflect enhanced portfolio resilience 17
Slide 19: Pillar 2: Sharpening Credit Underwriting (3/11)
Pillar 2: Sharpening Credit Underwriting (3/11) Rural Business Finance – Stringent Portfolio Policy & Sourcing Norms Rural Group Loans (JLG) & Micro Finance (JLG) L&T FINANCE Monthly customer leverage tracker Strong Early Warning Signals Exclusive Risk Control Unit Comprehensive customer leverage tr
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) L&T FINANCE LTF - Association wise customer composition at sourcing (% of disbursements) Association Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q
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… Customer Association on Rural Group Loans & Microfinance loan book (%) +11% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 50% L&T FINANCE 45% 48% 49% 43% 45%
Slide 22: Pillar 2: Sharpening Credit Underwriting (6/11)
Pillar 2: Sharpening Credit Underwriting (6/11) …and a robust portfolio Rural Group Loans (JLG) & Micro Finance (JLG) Basis rolling 12-month sourcing cohorts L&T FINANCE 98.8% 98.8% 98.8% 98.7% 98.7% 1,00,000 5+ Yrs 80,000 ATS (in ₹) 3-5 Yrs On Due Date 60,000 vs Borrower 40,000 1-3 Yrs (ODD) CE % V
Slide 23: Pillar 2: Sharpening Credit Underwriting (7/11)
Pillar 2: Sharpening Credit Underwriting (7/11) Leading to a robust portfolio Farm Equipment Finance Two Wheeler Finance 77% 76% 76% 77% L&T FINANCE 72% 75% Basis rolling 12-month 72% 72% 10.0 78% 130 74% 71% 71% 9.0 76% sourcing cohorts 120 LTV LTV 72% LTV % 70% 8.0 7.0 LTV % 74% 110 6.0 ATS 72% 11
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 Two Wheeler Finance L&T FINANCE Prime share in disbursements Prime share on book 64% 66% 86% 87% 88% 62% 43% 44% 45% 56% 56% 57% Jul Aug Sept Jul Aug Sept Q2FY25 Q2FY26 Q2FY25 Q2FY26 Focus
Slide 25: Pillar 2: Sharpening Credit Underwriting (9/11)
Pillar 2: Sharpening Credit Underwriting (9/11) Journey towards quality sourcing - Two Wheeler Finance portfolio 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 of 100%; E.g. Bou
Slide 26: Pillar 2: Sharpening Credit Underwriting (10/11)
Pillar 2: Sharpening Credit Underwriting (10/11) Journey towards quality sourcing – Farm Equipment Finance portfolio 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 of 100%; E.g. NNS
Slide 27: Pillar 2: Sharpening Credit Underwriting (11/11)
Pillar 2: Sharpening Credit Underwriting (11/11) Leading to a robust portfolio Home Loans LAP 74 76 81 83 81 84 85 L&T FINANCE 73 73 71 Basis rolling 12-month 120% 80 120% 80 sourcing cohorts 70 100% 100% 70 ATS 60 ATS ATS 60 ATS (₹ in lacs) (₹ in lacs) 80% 80% 50 LTV 50 LTV & 60% 40 & 60% 40 40% 62
Slide 28: Pillar 3: Implementing Futuristic Digital Architecture
Pillar 3: Implementing Futuristic Digital Architecture Engineering for tomorrow – Future Tech Landscape | Ongoing Tech initiatives, continue to be on track L&T FINANCE Established Machine Learning operations department Fully established data science library with >7 alternate data channels with 100+
Slide 29: 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 (1/2)
Pillar 4: Heightened Brand Visibility (1/2) Bumrah Marketing Campaigns L&T FINANCE Asia Cup’25 – Moment Associate Sponsor Marketing Farmer Finance Bowl kar #BumrahKiSpeedPar marketing campaign AI Contest Just Zoom Digital Marketing : 2W campaign launched 22.38 mn. reach | 4.8 % Engagement Rate Lever
Slide 31: Pillar 4: Heightened Brand Visibility (2/2)
Pillar 4: Heightened Brand Visibility (2/2) Improving and projecting LTF’s tech quotient through RAISE’25 L&T FINANCE RAISE’25 has emerged as BFSI sector’s flagship AI event in India 30
Slide 32: Pillar 5: Capability Building & Employee Initiatives
Pillar 5: Capability Building & Employee Initiatives Gold Finance Branch Expansion Employee Initiatives L&T FINANCE Champions League 200+ top performing employees felicitated for their extraordinary contribution Zonal Star Awards • Integration of gold finance branches into multi- 1,100+ employees pr
Slide 33: Business Update
L&T FINANCE Business Update 32
Slide 34: Retail disbursement increased by 25% on YoY basis
Retail disbursement increased by 25% on YoY basis ₹ in Cr Rural Business Finance Farmer Finance +16% -7% L&T FINANCE RETAIL FINANCE 5,435 5,618 6,316 1,782 2,200 1,654 +25% Gold Finance Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 18,883 17,522 +12% -25% 15,092 - Urban Finance SME Finance 1,530 * +30%
Slide 35: Retail book growth of 18% YoY
Retail book growth of 18% YoY ₹ in Cr Rural Business Finance Farmer Finance +3% +10% L&T FINANCE RETAIL FINANCE 26,539 26,616 27,460 14,488 15,756 15,943 +18% Gold Finance Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 +3% +1% - 99,816 1,04,607 88,975 Urban Finance SME Finance 1,360 1,475 +23% +44% 51,29
Slide 36: Collection Efficiency (1/3)
Collection Efficiency (1/3) 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% RURAL 99.7% 99.7% 99.6% 99.5% 99.5% 99.4% 99.3% 99.4% 99.4% 99.4% 99.3% 99.0% Apr May Jun Jul
Slide 37: Collection Efficiency (2/3)
Collection Efficiency (2/3) L&T FINANCE FARMER FINANCE FARM EQUIPMENT FINANCE RURAL 92.2% 93.0% 92.4% 92.1% 89.8% 91.4% 91.8% 91.5% 92.8% 92.4% 91.6% 93.0% 91.1% 90.7% 90.8% 90.3% 88.4% 88.9% Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Robust collection efficiencies due to credit metrics improve
Slide 38: Collection Efficiency (3/3)
Collection Efficiency (3/3) URBAN FINANCE L&T FINANCE TWO WHEELER FINANCE PERSONAL LOANS HOME LOANS & LAP SME FINANCE Stable collection efficiencies on account of Project Cyclops implementation (Two-Wheeler) & portfolio interventions 37 Regular CE = cashflow received from 0 DPD customer for billing
Slide 39: Retail Asset Quality (1/4)
Retail Asset Quality (1/4) Improving asset quality trends – Rural Group Loans & MFI Quarterly Collection Efficiency (CE) trend Best-in-class 0 DPD portfolio and PAR trends vis-à-vis the Industry 0 DPD book 99.70%L&T FINANCE 99.60% Industry 87.2% 86.8% 87.4% 86.9% 83.5% 80.2% 78.9% 77.0% - 99.29% 99.
Slide 40: Retail Asset Quality (2/4)
Retail Asset Quality (2/4) ‘0 DPD’ for our 3 fulcrum products L&T FINANCE RURAL GROUP LOANS & MICRO FARM EQUIPMENT FINANCE TWO WHEELER FINANCE FINANCE (JLG) 95.5% 88.8% 87.1% 79.2% 79.1% 77.0% Industry LTF Industry LTF Industry LTF Best-in-class 0 DPD portfolio of LTF vis-à-vis the Industry 39 Indus
Slide 41: Retail Asset Quality (3/4)
Retail Asset Quality (3/4) Stagewise assets & provision summary G Q2FY25 Q1FY26 Q2FY26 R Stage wise (in ₹ Cr) Q2FY25 Q1FY26 Q2FY26 (% of Total) (% of Total) (% of Total) O S Stage 1 84,236 94.67% 94,495 94.67% 99,258 94.89% L&T FINANCE S A Stage 2 2,217 2.49% 2,392 2.40% 2,296 2.20% S S Stage 3 2,52
Slide 42: Retail and Consol Asset Quality (4/4)
Retail and Consol Asset Quality (4/4) Retail and Consol GS3 L&T FINANCE RETAIL - ASSET QUALITY CONSOLIDATED – ASSET QUALITY 72% 72% 72% 71% 71% 70% 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 4,050 4,000 3,950
Slide 43: Proactive Asset Liability Management
Proactive Asset Liability Management CAPITALISING IN TIMES OF FALLING INTEREST RATE ENVIRONMENT DIVERSIFIED LIABILITY MIX (%) WEIGHTED AVERAGE COST OF BORROWING (WACB) (%) L&T FINANCE 4% 2% 3% Bank Loan - Non-PSL 8% 7.80% 7.83% 2% 8% 23% Bank Loan - PSL 26% 1% 7% 7.50% 7.46% FI Loan NCD Private FY22
Slide 44: ANNEXURES
ANNEXURES 43
Slide 45: Index of Annexures
Index of Annexures L&T FINANCE I Dominant Retail Franchise built over a decade II Financials III Other Annexures 44
Slide 46: L&T Finance Pedigree & Position
L&T Finance Pedigree & Position L&T FINANCE Top 10 Retail 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 & Commitment 45
Slide 47: Retail Businesses
Retail Businesses Rural Group Loans & Two Wheeler Finance Micro Finance (JLG) L&T Rural FINANCE Business Finance Micro LAP Urban Home Loans & LAP Finance Q1 42% Portfolio FY24 58% Mix Farm Equipment Finance Personal Loans Farmer RURAL URBAN Finance Agri Allied Finance SME Loans to SME Professionals
Slide 48: Retail Franchise & Right to Win
Retail Franchise & Right to Win DIVERSIFIED RETAIL NBFC L&T FINANCE Q1 2 Cr+ Portfolio 58% FY24 42% Mix downloads Pan-India presence RURAL URBAN Leveraging ~2.7 Cr 13,500+ Optimised Digital Service ~2,00,000 Villages customer franchise Distribution & Distribution delivery 400+ Cities / Towns for cro
Slide 49: Granular and extensive distribution network
Granular and extensive distribution network State Rural Branches Urban Branches 18 ~2,00,000 21 4 400+ Madhya Pradesh 84 34 States Villages States UT Cities / Towns Maharashtra 17 25 L&T FINANCE Uttar Pradesh 160 19 Gujarat 97 35 Karnataka 248 12 West Bengal 124 13 Andhra Pradesh 83 12 Telangana 65
Slide 50: Market dominance through fulcrum product (1/3)
Market dominance through fulcrum product built over a decade (1/3) 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 underwriting; geo- • 17
Slide 51: Market dominance through fulcrum product (2/3)
Market dominance through fulcrum product built over a decade (2/3) Farm Equipment Finance – amongst the Leading Financiers Well diversified Dealer / OEM Customer footprint Relationship Centricity L&T FINANCE Farm Equipment Finance • 170+ branches across 16 states • 2,500+ Dealers • Retention product
Slide 52: Market dominance through fulcrum product (3/3)
Market dominance through fulcrum product built over a decade (3/3) 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 • 160+ branches a
Slide 53: Index of Annexures
Index of Annexures L&T FINANCE I Dominant Retail Franchise built over a decade II Financials III Other Annexures 52
Slide 54: Lending Business – Business wise disbursement split
Lending Business – Business wise disbursement split Disbursement Q2FY25 Particulars (Rs Cr ) Q1FY26 Q2FY26 Y-o-Y (%) L&T FINANCE Farmer Finance 1,782 Farm Equipment Finance 2,200 1,654 (7%) Rural Business Finance 5,329 Rural Group Loans (100% JLG) 5,470 6,184 16% 106 Micro Finance (100% JLG) 149 132
Slide 55: Lending Business – Business wise book split
Lending Business – Business wise book split Book Q2FY25 Segments (₹ Cr) Q1FY26 Q2FY26 Y-o-Y (%) L&T FINANCE Farmer Finance 14,488 Farm Equipment Finance 15,756 15,943 10% Rural Business Finance Rural Group Loans & Micro 26,539 26,616 27,460 3% Finance Loans (100% JLG) 41,578 Urban Finance 48,178 51,
Slide 56: LTF Consolidated – Summary financial performance
LTF Consolidated – Summary financial performance Performance Summary Q2FY25 Summary P&L (₹ Cr ) Q1FY26 Q2FY26 Y-o-Y (%) L&T FINANCE 3,527 Interest Income 3,690 3,852 9% 1,476 Interest Expense 1,636 1,634 11% 2,051 NIM 2,054 2,218 8% 440 Fee & Other Income 493 474 8% 2,491 Total Income 2,548 2,692 8%
Slide 57: LTF Consolidated – Summary financial performance
LTF Consolidated – Summary financial performance L&T FINANCE Performance Summary Q2FY25 Particulars (₹ Cr ) Q1FY26 Q2FY26 Y-o-Y(%) 93,015 Closing Book 1,02,314 1,07,096 15% 91,020 Average Book 1,00,009 1,04,527 15% 24,268 Networth 25,585 26,358 9% 97.4 Book Value per share (₹) 102.4* 105.4 12% 2.8 B
Slide 58: LTF Consolidated – Key ratios
LTF Consolidated – Key ratios Key Ratios L&T FINANCE Q2FY25 15.38% Yield Key Ratios Q1FY26 14.80% Q2FY26 14.62% 8.94% Net Interest Margin 8.24% 8.42% 1.92% Fee & Other Income 1.98% 1.80% 10.86% NIM + Fee & Other Income 10.22% 10.22% 4.17% Operating Expenses 4.21% 4.05% 6.68% Earnings before credit c
Slide 59: Index of Annexures
Index of Annexures 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 58
Slide 60: App as a powerful digital channel for customer (1/3)
App as a powerful digital channel for customer (1/3) PLANET App Features OUR ‘PLANET’ APP FEATURES Completed (Launched in March 2022) Servicing features Engagement features Autonomous journeys L&T FINANCE View Loan Account Mandi Price Details & update Profile (Farm customer) D2C journey: Download SO
Slide 61: Developing digital finance delivery as a customer value proposition
Developing digital finance delivery as a customer value proposition L&T~₹FINANCE 6,400 Cr Collections ₹ 19,300 Cr+ Sourcing 934 Lac+ Servicing Experience 17.6 Lac Rural Customers ₹ in Cr Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 SOURCING 1,175 715 1,126 1,024 1,683 2,02
Slide 62: App as a powerful digital channel for customer (2/3)
App as a powerful digital channel for customer (2/3) PLANET App: Service Measurement Metrics upto Q2FY26 Update Count in lacs Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 L&T FINANCE SERVICING 26.0 41.4 85.8 90.4 101.1 126.6 134.2 122.4 145.0 RESOLUTION Mainly includes: SO
Slide 63: App as a powerful digital channel for customer (3/3)
App as a powerful digital channel for customer (3/3) L&T FINANCE PLANET by L&T Finance received the ‘Best Digital Experience in Finance’ award at the Global Fintech Fest, 2025 62
Slide 64: Digital delivery: Touching every part of the customer ecosystem
Developing digital finance delivery as a customer value proposition Digital delivery: Touching every part of the customer ecosystem L&T FINANCE 100% 100% 98% 38% 97% Paperless Journey in Rural Group Loans, Digital eNach Digital Digital 2W Finance, Disbursements Penetration Collections Collections Fa
Slide 65: Marked improvement in Rural Digital collections
Marked improvement in Rural Digital collections 35% L&T FINANCE 24% 23% 24% 23% 23% 25% 27% 27% 28% 29% 30% 32% 21% 22% 22% 22% 19% 19% 16% 13% 10% 10% Rural Group Loans 4% 5% 5% 5% & Micro Finance 3% 3% 3% (JLG) Apr'23 May'23 Jun'23 Jul'23 Aug'23 Sep'23 Oct'23 Nov'23 Dec'23 Jan'24 Feb'24 Mar'24 Apr
Slide 66: Net Promoter Score
Net Promoter Score Investing in enriching customer experience to build brand loyalty LTF achieved an overall Net Promoter Score (NPS) of 57 L&T FINANCE 55 54 54 71 80 69 Rural Group Loans & Farm Equipment Two Wheeler Personal Home Loans SME Micro Finance (JLG) Finance Finance Loans & LAP Loans NPS i
Slide 67: Index of Annexures
Index of Annexures 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 66
Slide 68: Prudent ALM - as on September 2025
Prudent ALM - as on September 2025 Structural Liquidity statement 80,807 L&T FINANCE Cumulative Inflows (₹. Cr) 55,155 Cumulative Outflows (₹. Cr) 41,411 33,012 37,607 27,903 20,637 22,879 21,601 10,546 694 916 2,584 5,225 1-7 days 8-14 days 15 days-1 month 1-2 months 2-3 months 3-6 months 6-12 mont
Slide 69: International credit rating: Update
International credit rating: Update L&T FINANCE International Credit Rating – at par with India’s Sovereign Rating Rating Agency Long-term / Short-term Rating of L&T Finance Upgraded from BBB- / Positive / A-3 to S&P Global Ratings (S&P) BBB / Stable / A-2 Fitch Ratings (Fitch) BBB- / Stable • This
Slide 70: Domestic credit rating: Update & rationale
Domestic credit rating: Update & rationale Domestic Credit Ratings – LTF L&T FINANCE Rating Agency Long-term / Short-term Rating of LTF CRISIL Ratings CRISIL AAA (Stable) / CRISIL A1+ ICRA ICRA AAA (Stable) / ICRA A1+ India Ratings IND AAA (Stable) / IND A1+ CARE Ratings CARE AAA (Stable) / CARE A1+
Slide 71: Index of Annexures
Index of Annexures 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 70
Slide 72: Businesses aligned with Sustainability goals
L&T Finance – Businesses aligned with Sustainability goals L&T FINANCE 41% of the loan book franchise is towards financing sustainable livelihoods; 68% of workforce is employed from Rural 71 SDG – Sustainable Development Goals
Slide 73: ESG: Building a Sustainable Future – Key Highlights
ESG : Building a Sustainable Future – Key Highlights L&T FINANCE *Note: Study conducted by an independent consultant 72
Slide 74: ESG: Building a Sustainable Future – Key Metrics & Impact
ESG : Building a Sustainable Future – Key Metrics & Impact L&T FINANCE 73
Slide 75: ESG: Building a Sustainable Future – Creating Value
ESG : Building a Sustainable Future – Creating Value 74 (July 2025) L&T FINANCE CRISIL ESG Ratings 70 categorised as 'Strong (July 2025) & Analytics CDP Score – Supplier Engagement 2024 – ‘A-’ * CDP Score – Climate Change 2024 – ‘B’ * Performed in top decile in the FBN Diversified Financial Services
Slide 76: Corporate Social Responsibility
Corporate Social Responsibility Social Good, Communities@scale L&T FINANCE 75
Slide 77: Meaningful CSR Impact
Meaningful CSR Impact Since FY18 L&T FINANCE 76
Slide 78: Corporate Social Responsibility: Stakeholder Outreach
Corporate Social Responsibility Stakeholder Outreach L&T FINANCE 77
Slide 79: Index of Annexures
Index of Annexures 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 78
Slide 80: Well experienced and diversified Board
Well experienced and diversified Board 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 such as o Over
Slide 81: Management Committee
Management Committee Sudipta Roy Managing Director & CEO 29 yrs exp, ICICI Bank, Deutsche L&T FINANCE Bank, Citibank NA Sachinn Joshi CFO Raju Dodti Sonia Krishnankutty COO CE – Rural Business Finance 35 yrs exp, Aditya Birla 27 yrs exp, IDFC, Rabo, ABN Financial Services, Angel Amro, Soc Gen 26 yrs
Slide 82: Thank You
() L&T Finance Thank You 81