L&T Finance posts 2% YoY rise in Q1 FY26 profit as retail disbursements grow 18% and consolidated book crosses ₹1 lakh crore.

• Net interest income rose 2% to ₹2,054 crore; margins narrowed to 8.24% from 9.31% YoY.
• Gross Stage 3 assets rose slightly to 3.31%; credit costs increased 8% YoY to ₹556 crore.
• S&P and Fitch assign debut investment grade ratings; shares fall 1.73% to ₹206.95 after earnings release.