L&T Finance's Q2 profit rises to ₹972.76 crore from ₹734.88 crore; revenue ₹5,484 crore

What happened

• Profit after tax was ₹972.76 crore against ₹734.88 crore, according to Whalesbook, and first-half profit was ₹1,888.75 crore against ₹1,435.72 crore. ScanX gave the quarterly rise as 32.4% and said the loan book grew 28%.
• Revenue was ₹5,484.16 crore against ₹4,335.75 crore, per Whalesbook. Sahi carried them rounded to ₹5,484 crore and ₹4,335 crore.
• A second Whalesbook report put the profit at ₹968 crore, up 33%, and net interest income at ₹3,187.36 crore, up 32.6%. It gave gross stage 3 assets as 2.53% against 3.29% a year earlier and net stage 3 as 0.85%.
• The shares closed at ₹262.00 on Thursday, up 1.24%, per Zerodha Kite, before the results.

Why it matters

Whalesbook's two reports differ on the profit (₹972.76 crore and ₹968 crore); ScanX's ₹973 crore matches the first.

Good to know: Stage 3 assets are loans classed as credit-impaired under accounting rules, broadly those overdue by more than 90 days. Lenders report them as a percentage of total loans.

Key facts

Q2 profit after tax

₹972.76 crore (₹734.88 crore), per Whalesbook

Revenue

₹5,484.16 crore (₹4,335.75 crore)

H1 profit after tax

₹1,888.75 crore (₹1,435.72 crore), per Whalesbook

Gross stage 3

2.53% (3.29% a year earlier), per Whalesbook

Read the source

• L&T Finance Q2 PAT Rises to Rs 973 Crore; Revenue Growth SustainedWhalesbook
• L&T Finance Q2 Profit Rises 33% to ₹968 Crore, Asset Quality ImprovesWhalesbook
• L&T Finance Reports Q2 Revenue Of ₹5,484 Crore Vs ₹4,335 Crore YoYSahi
• Stocks to Watch Today, October 16, 2026ScanX