L&T Finance Holdings Ltd posts Rs. 265.12 crore consolidated PAT in Q2FY21

L&T FINANCE HOLDINGS LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3508.91 crores during the period ended September 30, 2020 as compared to Rs.3397.53 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.265.12 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.148.31 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.32 for the period ended September 30, 2020 as compared to Rs.0.74 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 3508.91 crs	₹ 3397.53 crs	3.28%
Net Profit	₹ 265.12 crs	₹ 148.31 crs	78.76%
EPS	₹ 1.32	₹ 0.74	78.38%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.3508.91 crores during the period ended September 30, 2020 as compared to Rs.3711.85 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.265.12 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.174.20 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.1.32 for the period ended September 30, 2020 as compared to Rs.0.87 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 3508.91 crs	₹ 3711.85 crs	-5.47%
Net Profit	₹ 265.12 crs	₹ 174.20 crs	52.19%
EPS	₹ 1.32	₹ 0.87	51.72%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.6906.44 crores during the 6 months period ended September 30, 2020 as compared to Rs.7401.35 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.413.43 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.722.99 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.2.06 for the 6 months period ended September 30, 2020 as compared to Rs.3.60 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 6906.44 crs	₹ 7401.35 crs	-6.69%
Net Profit	₹ 413.43 crs	₹ 722.99 crs	-42.82%
EPS	₹ 2.06	₹3.60	-42.78%

Commenting on the financial results Mr. Dinanath Dubhashi, Managing Director & CEO, LTFH, said, "As anticipated, Q2 saw a revival in the rural economy, which we believe will also drive the economic growth of the country for the next few quarters. In Q2, our Rural business witnessed significant growth momentum backed by our market leading position and strong digital and data analytics infrastructure for the lending business. The performance was also boosted by excellent pick up in disbursements in our renewable energy portfolio.

Furthermore, with the incremental macro prudential provisions made in the quarter we have a well provided for balance sheet. AAA rated NBFCs like LTFH are seeing a gradual easing out of liquidity conditions and our focus now would be to reduce excess liquidity and bring down the cost of borrowing."

Sharing an outlook for Q3FY21, Mr. Dubhashi further added, "The rural revival led by higher reservoir levels, better water management systems, solid monsoons as well as the farm bill reform, points towards the beginning of an upward swing for companies with robust rural business models."

Shares of L&T FINANCE HOLDINGS LTD. was last trading in BSE at Rs.64.35 as compared to the previous close of Rs. 63.1. The total number of shares traded during the day was 718588 in over 2880 trades.

The stock hit an intraday high of Rs. 64.6 and intraday low of 62.65. The net turnover during the day was Rs. 45911871.

Source : Equity Bulls

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