L&T Finance Holdings Limited (LTFH) is a non-banking financial company (NBFC) offering a range of financial products and services. L&T Finance’s products are available across rural, housing and wholesale finance sectors through its subsidiaries. The company also deals in mutual fund products and wealth management services.
Business operations
L&T Finance’s wholesale finance offerings include structured corporate finance, infrastructure finance and supply chain finance. The housing finance offering of the company includes home loans, real estate finance and loans against property.
The company also provides finance for farm equipment, agri-allied financial leads. Its defocused business segment comprises debt capital market, structured corporate loans and other discontinued products.
L&T Finance was incorporated as a public limited firm, L&T Capital Holding Ltd, with Larsen & Toubro Ltd as a holding company for the financial services business.
In 2009, Larsen & Toubro Ltd's investments in companies like L&T Finance Ltd, L&T Infrastructure Finance Company Ltd and India Infrastructure Developers Ltd were transferred to L&T Finance. The move made these companies wholly owned subsidiaries of L&T Finance.
The company got its present name L&T Finance Holdings Limited in 2010. The next year, L&T Finance came up with its initial public offering and was listed on the National Stock Exchange (NSE) and BSE.
In 2012, the company's total assets crossed ₹ 30,000 crore mark. The same year, L&T Finance acquired Indo-Pacific Housing Finance Ltd (IPHF), marking a significant leap in the housing finance business. The company's mutual fund unit acquired Fidelity's mutual fund business in India.
L&T Finance also introduced two-wheeler financing with its acquisition of Family Credit, a non-banking finance company.
In 2013, L&T Capital Markets came into being and L&T Finance launched its maiden issue of preference shares.
L&T Access Distribution Services Limited, a wholly-owned subsidiary of L&T Finance, was merged with L&T Capital Markets Limited, another wholly-owned subsidiary of the company.
In 2018, L&T Finance launched an app for seamless onboarding of customers with instant loan-sanctioning.
In FY 2021, all four rating agencies— CRISIL, CARE, India Ratings and ICRA reaffirmed LTFH’s AAA rating. In August 2021, ICRA upgraded the company’s rating to AAA/Stable.
The same year, L&T Finance merged its subsidiaries L&T Infrastructure Finance Company Limited (LTIF) and L&T Housing Finance Limited (LTHF) into the company.
In 2022, the company sold 100% paid capital of its subsidiary L&T Investment Management Limited and the asset manager of L&T Mutual Fund to HSBC Asset Management (India) Private Limited.
As of January 6, 2023, the company’s market capitalisation stood at over ₹ 42,500 crores. L&T Finance share price has grown over 75% in the last three years.
L&T Finance Financial Highlights
- Revenue: L&T Finance reported revenue of ₹17,913.67 crore in FY26 vs ₹15,924.24 crore in FY25. It showed an increase of 12.49% on a yearly basis.
- Operating Profit: L&T Finance reported an operating profit of ₹3,998.17 crore in FY26 vs ₹3,491.26 crore in FY25. It showed an increase of 14.52% on a year-on-year basis.
- Net Profit: L&T Finance reported a net profit of ₹2,982.87 crore in FY26 vs ₹2,643.42 crore in FY25. It showed an increase of 12.84% on a yearly basis.
L&T Finance Quarterly Result Highlights
- L&T Finance reported revenue of ₹5,212.92 crore in Jun 2026, compared with ₹4,771.03 crore in Mar 2026, representing an increase of 9.26% on a quarter-on-quarter (QoQ) basis.
- L&T Finance reported an operating profit of ₹1,236.28 crore in Jun 2026, compared with ₹1,073.92 crore in Mar 2026, representing an increase of 15.12% on a quarter-on-quarter (QoQ) basis.
- L&T Finance reported a profit of ₹915.99 crore in Jun 2026, compared with ₹809.16 crore in Mar 2026, reflecting an increase of 13.20% on a QoQ basis.
- The earnings per share (EPS) of L&T Finance stood at ₹11.92 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.