L&T Fin Holdings Ltd Q4FY12 highlights - GEPL Capital

- The company has reported growth of 44.5% Y-o-Y in PAT in Q4FY12.

- Advances have grown by 39.8% Y-o-Y in Q4FY12.

- Advance growth for L&T Infra stood at 45.98% YoY in Q4FY12 driven by lending to projects in renewable energy sector.

- Loan growth for L&T Fin Ltd stood at 24.47% YoY in Q4FY12 driven by Rural Products Finance and Corporate Loans and Leases.

- Asset quality has improved sequentially in Q4FY12. GNPA stood at 1.8% in Q4FY12 vs 2.2% in Q3FY12.

Key developments

The company has exposure to micro finance institutions (outside AP) to the tune of Rs1.3 bn. The company has continued cautious lending to this sector.

At present the company has exposure of Rs1.02 bn towards Micro fin in AP against which it has made provision up to the tune of Rs441.4 mn.

During the quarter, the company has written off Rs905.3 mn from the AP portfolio.

Outlook and View Point

Overall result seem to be good and we expect it to put positive impact on the stock. Further details are awaited, we would come up with result update on the company after its result discussion.

Source : Equity Bulls

Keywords