L&T Finance Ltd.
-0.60 (-0.20%) L&T Finance holdings reports marginally rise in Q1 consolidated net profit
Date: 22-07-2019L&T Finance holdings has reported results for first quarter ended June 30, 2019.
The company has reported a net loss of Rs 29.95 crore for the quarter under review as compared to net profit of Rs 10.35 crore for the same quarter in the previous year. Total income of the company decreased by 52.80% at Rs 25.18 crore for Q1FY20 as compared Rs 53.35 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 1.78% in its net profit at Rs 549.42 crore for the quarter under review as compared to Rs 539.83 crore for the same quarter in the previous year. Total income of the company increased by 16.37% at Rs 3689.50 crore for Q1FY20 as compared Rs 3170.42 crore for the corresponding quarter previous year.