L&T Finance Retail Disbursements Jump 49% in Q3 FY26

L&T Finance Limited reported business momentum during the quarter ended December 31, 2025, led by a sharp rise in retail disbursements. 

For Q3 FY2025-26, retail disbursements are estimated at approximately ₹22,690 crore, registering a robust year-on-year growth of around 49% compared to ₹15,210 crore in the corresponding quarter last year. 

Broad-Based Growth Across Retail Segments

The growth in disbursements was broad-based, with key segments witnessing healthy expansion. 

Rural Business Finance disbursements rose from ₹4,599 crore in Q3 FY25 to an estimated ₹6,740 crore in Q3 FY26, while Farmer Finance increased from ₹2,495 crore to ₹2,780 crore. 

Urban Finance saw a significant jump, with disbursements estimated at ₹9,670 crore compared to ₹6,531 crore in the year-ago period. SME Finance disbursements also improved to ₹1,550 crore from ₹1,249 crore. 

Additionally, Gold Finance contributed ₹1,400 crore during the quarter, while disbursements from the acquired portfolio rose to ₹550 crore from ₹336 crore.

Retail Loan Book Expands Steadily

Alongside strong disbursements, L&T Finance’s retail loan book continued to expand at a healthy pace. At the end of Q3 FY2025-26, the retail loan book is estimated at around ₹1,11,900 crore, marking a year-on-year growth of approximately 21% over ₹92,224 crore reported at the end of Q3 FY2024-25. This steady expansion underscores the company’s ability to convert higher disbursements into sustained asset growth.

Rising Retailisation Levels

The company’s retailisation strategy continued to strengthen during the quarter. Retailisation stood at 98% in Q3 FY26, up from 97% in the same quarter last year, highlighting L&T Finance’s ongoing transition towards a predominantly retail-focused lending portfolio.

L&T Finance Share Price

On January 5, 2026, L&T Finance share price (NSE: LTF) opened at ₹319.00 and closed at ₹320.50, up by 0.23%. The stock price touched its day’s high at ₹321.60.

Also Read: Best PSU Stocks Under ₹100 for Jan 2026!

Conclusion

L&T Finance’s Q3 FY26 performance reflects strong execution of its retail growth strategy, supported by diversified segmental growth and an improving portfolio mix. While the figures are provisional and subject to limited review by the statutory auditors, the sharp rise in disbursements, expanding loan book, and higher retailisation indicate sustained momentum heading into the remainder of the financial year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.