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L&T Finance Holdings reports 15% rise in Q4 consolidated net profit

03 May 2016 Evaluate

L&T Finance Holdings has reported results for the fourth quarter and year ended March 31, 2016.

The company has posted a fall of 91.49% in its net profit at Rs 16.17 crore for the quarter ended March 31, 2016 as compared to Rs 190.07 crore for the same quarter in the previous year. Total income of the company has decreased by 81.19% at Rs 37.30 crore for quarter under review as compared to Rs 198.30 crore for the quarter ended March 31, 2015.

On consolidated basis, the company has posted a rise of 15.23% in its net profit at Rs 236.85 crore for the quarter ended March 31, 2016 as compared to Rs 205.55 crore for the corresponding quarter in the FY15. Total income of the company increased by 20.35% at Rs 2010.73 crore for quarter under review as compared to Rs 1670.76 crore for the same quarter ended previous year.

For the year ended March 31, 2016, the company has posted a rise of 44.50% in its net profit at Rs 378.03 crore as compared to Rs 261.62 crore for the same period in the previous year. Total income of company increased 30.75% at Rs 427.45 crore for year under review as compared to Rs 326.93 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted a marginal rise of 0.24% in its net profit at Rs 856.69 crore as compared to Rs 854.67 crore for the same period in the previous year. Total income of company has increased by 17.88% at Rs 7470.68 crore for year under review as compared to Rs 6337.44 crore for the period ended March 31, 2015.

L&T Finance Share Price

287.35 7.05 (2.52%)
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