L&T Finance Holdings reports 97% rise in Q1 consolidated net profit

L&T Finance Holdings has reported results for first quarter ended June 30, 2014.

The Company reported net loss of Rs 5.57 crore for the quarter as compared to net loss of Rs 1.22 crore for the corresponding quarter ended June 30, 2013. The company’s total income has decreased by 22.95% to Rs 18.90 crore for the quarter under review from Rs 24.53 crore for the corresponding quarter of the previous year.

On the consolidated basis, the Group has reported 97.24% rise in its net profit after taxes & Minority interest at Rs 285.87 crore for the quarter as compared to Rs 144.93 crore for the same quarter in the previous year. Total income has increased by 24.55% at Rs 1468.54 crore for quarter under review as compared to Rs 1178.99 crore for the quarter ended June 30, 2013.