L&T Finance Ltd.

L&T Finance Holdings has reported results for first quarter ended June 30, 2020.

The company has reported net profit of Rs 125.91 crore for the quarter under review as against net loss of Rs 29.95 crore for the same quarter in the previous year. However, total income of the company decreased by 1.99% at Rs 24.68 crore for Q1FY21 as compared Rs 25.18 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 72.98% fall in its net profit attributable to owners at Rs 148.31 crore for the quarter under review as against Rs 548.79 crore for the same quarter in the previous year. Total income of the company decreased by 7.91% at Rs 3397.53 crore for Q1FY21 as compared Rs 3689.50 crore for the corresponding quarter previous year.