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L&T Finance Holdings reports 52% rise in Q2 consolidated net profit

23 Oct 2020 Evaluate

L&T Finance Holdings has reported results for second quarter ended September 30, 2020.

The company has reported net loss of Rs 41.10 crore for the quarter under review as against net loss of Rs 17.62 crore for the same quarter in the previous year. Total income of the company decreased by 50.35% at Rs 20.61 crore for Q2FY21 as compared Rs 41.51 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 52.19% rise in its net profit attributable to owners at Rs 265.12 crore for the quarter under review as against net profit of Rs 174.20 crore for the same quarter in the previous year. However, total income of the company decreased by 5.47% at Rs 3508.91 crore for Q2FY21 as compared Rs 3711.85 crore for the corresponding quarter previous year.

L&T Finance Share Price

287.35 7.05 (2.52%)
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