L&T Finance shares hit record high following a tie-up with Google Pay; check details

This partnership is in line with the NBFC’s product diversification strategy and makes credit more accessible for consumers in a fast, seamless, and digital manner, PTI reported, quoting L&T Finance.

The synergy is poised to not only enhance convenience but also play a pivotal role in advancing digital financial inclusion across India, empowering consumers to fulfil their financial aspirations with responsible credit, it said.

For the first quarter ended June 30, 2025 (Q1 FY26), L&T Finance reported a consolidated net profit of ₹701 crore as compared to ₹686 crore seen in the year-ago period, up 2%.

The consolidated book size at ₹1,02,314 crore grew 15% YoY. Net interest margin (NIM) and fees grew 10.22% as compared with 11.08% in the year-ago period, said a report by The Hindu.

Sudipta Roy, Managing Director & CEO, LTF, said, “In a challenging quarter, our company remained focused on outcomes and achieved a resilient performance while showcasing our ability to manage market headwinds.”

“This performance is on the back of our commitment to sourcing creditworthy customers backed by technology and robust credit guardrails, while keeping a strong focus on collection efficiency across businesses,” the CEO stated.

“In the quarter, we achieved the highest-ever consolidated book of over ₹1 lakh crore milestone and added a secured high-yield product to our Gold Loan portfolio,” he said.

L&T Finance Ltd (L&T) is a subsidiary of Larsen & Toubro Limited. It is a non-deposit-taking non-banking financial company. The company's primary activities involve providing financial solutions to both urban and rural customers. L&T Finance's product portfolio includes personal loans, two-wheeler loans, home loans, rural business loans, farm loans, and SME loans.

Additionally, the company offers various insurance products such as life insurance, health insurance, and general insurance. L&T Finance is headquartered in Mumbai.