L&T Finance Holding - Q4FY13 Result Update - Microsec

L&T Finance Holding Ltd announced its Q4FY13 result on 25th April 2013.

Company's topline increased by 15.13% QoQ and 32.52% YoY to INR1132.02 crores. whereas reported bottom line decreased by 41.81% QoQ and increased by 21.88% YoY to INR171.43 crores. However, Profit After Tax excluding exceptional items increased by 146.12% QoQ and 24.58% YoY to INR175.24 crores.

Exceptional items during the year represent gains of INR237.92 crores on account of sale of investment in Federal Bank Ltd and expenditure of INR19.93 crores incurred towards acquisition of l&T Fund Management Private Ltd (formerly: FIL Fund Management Private Ltd) and l&T Housing Finance Ltd (formerly: Indo Pacific Housing Finance Ltd).

The Board of Directors has recommended a dividend of Rs. 0.75 per Equity Share of Rs. 10 each and Rs. 8.75 per Cumulative Compulsorily Redeemable Preference Share of Rs. lOO each on pro-rata basis.

Loans & Advances as on 31st March 2013 grew by 6.6% QoQ and 29.8% YoY to INR33309.1 Crores. On the assets quality front, GNPA and NNPA improved by 36 and 30bps QoQ to 2.03% and 1.26% respectively.

Source : Equity Bulls

Keywords