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L&T Finance Holdings reports 16% growth in Q2 consolidated net profit

20 Oct 2012 Evaluate

L&T Finance Holdings has reported results for second quarter ended September 30, 2012.

The company has reported a fall of 18.80% in its net profit at Rs 11.14 crore for the quarter ended September 30, 2012 as compared to Rs 13.72 crore for the same quarter in the previous year. However, the company’s total income has registered a growth of 10.95% at Rs 25.13 crore for quarter under review as compared to Rs 22.65 crore for the quarter ended September 30, 2011.

On consolidated basis, the company’s net profit registered 15.70% growth at Rs 143.74 crore against Rs 124.24 crore in the September quarter of previous fiscal. Group’s total income too has risen by 28.37% at Rs 941.67 crore for the quarter from Rs 733.55 crore in the similar quarter of previous year.

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