L&T Finance reports 19% jump in Q2 consolidated net profit

L&T Finance reports 19% jump in Q2 consolidated net profit

Total income of the company has increased by 15.81% at Rs 1837.53 crore for quarter under review
L&T Finance Holdings has reported results for second quarter ended September 30, 2015.

The company has reported over 96 fold jump in its net profit at Rs 143.07 crore for the quarter ended September 30, 2015 as compared to Rs 1.49 crore for the same quarter in the previous year. The company’s total income has surged over 8 fold to Rs 151.39 crore for the quarter under review from Rs 17.97 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 18.59% rise in its net profit at Rs 215.41 crore for the quarter ended September 30, 2015 as compared to Rs 181.64 crore for the same quarter in the previous year. Total income of the company has increased by 15.81% at Rs 1837.53 crore for quarter under review as compared to Rs 1586.61 crore for the quarter ended September 30, 2014.
source:ventura