L&T Finance Boosts Gold Loan Portfolio, Foresees Credit Cost Reduction
Earnings
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CNBC TV18•19-01-2026, 12:15
L&T Finance Boosts Gold Loan Portfolio, Foresees Credit Cost Reduction
- •L&T Finance aims for its gold loan portfolio to reach ₹2,000-₹2,200 crore by Q4 FY26, up from ₹1,700 crore in Q3.
- •The company plans to add 300-350 new gold loan branches next year, expanding its network significantly.
- •Gold assets under management (AUM) are projected to hit ₹4,500-₹5,000 crore by the end of next year, maintaining an LTV below 70%.
- •Credit costs are on a downward trend, with core credit cost falling quarter-on-quarter, expected to reach 2-2.2% by Q4 FY27.
- •Net profit rose 17.9% year-on-year to ₹738.6 crore in the September–December quarter, driven by improved collection efficiencies and AI credit engine.
Why It Matters: L&T Finance is aggressively expanding its gold loan business and successfully reducing credit costs.
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