L&T Finance Ltd.
-0.60 (-0.20%) L&T Finance Holdings reports 8% rise in Q1 consolidated net profit
Date: 22-07-2016L&T Finance Holdings has reported results for first quarter ended June 30, 2016.
The company has reported 86.53 % fall in its net profit at Rs 2.92 crore for the quarter ended June 30, 2016 as compared to Rs 21.67 crore for the same quarter in the previous year. The company’s total income decreased by 14.50 % to Rs 23.46 crore for the quarter under review from Rs 27.44 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported 7.76 % rise in its net profit after taxes, minority interest and share of profit of associates and Joint Ventures at Rs.207.40 crore for the quarter ended June 30, 2016 as compared to Rs192.46 crore for the same quarter in the previous year . Total Income of the company increased by 15.49% to Rs. 2030.73 crore for the quarter under review from Rs.1758.40 crore for the same quarter ended June 30, 2015.