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L&T Finance Holdings reports 8% rise in Q2 consolidated net profit

24 Oct 2013 Evaluate

L&T Finance Holdings has reported results for the second quarter ended September 30, 2013.

The company has over 13 fold jump in its net profit at Rs 146.47 crore for the quarter as compared to Rs 11.14 crore for the same quarter in the previous year. Total income from operations of the company has increased by around seven fold at Rs 175.34 crore for quarter under review as compared to Rs 25.13 crore for the quarter ended September 30, 2012.

On the consolidated basis, the group has registered a growth of 8.33% in net profit at Rs 155.72 crore as compared to Rs 143.74 crore in the same quarter previous year. Total income of the group rose 40.18% to Rs 1320.06 crore for quarter under review as against Rs 941.67 crore in corresponding quarter previous year.

 

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