L&T Finance Ltd’s board on Friday approved the company’s unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, while noting that the exceptional item recorded in the previous financial year was linked to the implementation of the New Labour Codes.
The company said the exceptional item for the year ended March 31, 2026 amounted to ₹28.51 crore (net of tax ₹21.33 crore) and arose from a one-time increase in employee benefit expenses following the recognition of past service costs under the New Labour Codes.
The implementation of the labour reforms required a reassessment of employee benefit obligations, resulting in the recognition of an additional provision during FY26. The impact was classified as an exceptional item and does not pertain to the June quarter’s operating performance.
The Board of Directors approved the unaudited consolidated and standalone financial statements for the quarter ended June 30, 2026, following a review by the Audit Committee.
