L&T Finance Holdings Ltd posts consolidated PAT of Rs. 290.66 crore in Q3FY21

L&T FINANCE HOLDINGS LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3622.16 crores during the period ended December 31, 2020 as compared to Rs.3508.91 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.290.66 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.265.12 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.1.45 for the period ended December 31, 2020 as compared to Rs.1.32 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 3622.16 crs	₹ 3508.91 crs	3.23%
Net Profit	₹ 290.66 crs	₹ 265.12 crs	9.63%
EPS	₹ 1.45	₹ 1.32	9.85%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.3622.16 crores during the period ended December 31, 2020 as compared to Rs.3735.79 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.290.66 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.591.03 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.45 for the period ended December 31, 2020 as compared to Rs.2.95 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 3622.16 crs	₹ 3735.79 crs	-3.04%
Net Profit	₹ 290.66 crs	₹ 591.03 crs	-50.82%
EPS	₹ 1.45	₹ 2.95	-50.85%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.10528.60 crores during the 9 months period ended December 31, 2020 as compared to Rs.11137.14 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.704.09 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.1314.02 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.3.50 for the 9 months period ended December 31, 2020 as compared to Rs.6.55 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 10528.60 crs	₹ 11137.14 crs	-5.46%
Net Profit	₹ 704.09 crs	₹ 1314.02 crs	-46.42%
EPS	₹ 3.50	₹6.55	-46.56%

Commenting on the financial results Mr. Dinanath Dubhashi, Managing Director & CEO, LTFH, said, "Post Covid, the rural economy has performed better than urban and this trend is reflected in our disbursements, which are almost at pre-covid levels. The festive season uptick and a steady recovery in collection volumes also underline our rural performance. Our strong performance in Infra disbursements should be seen alongside the sell-down volumes, which have increased on a YoY basis. It allows us to generate more fee income while proportionately reduces the need for allocating higher capital."

Mr. Dubhashi further added, "In the long term, structural changes such as government initiatives, normal monsoons and better infrastructure will continue to improve financial health in rural. We will maintain focus on capitalizing on our market leadership position in Farm Equipment and Two-Wheeler Finance to drive business volumes."

Shares of L&T FINANCE HOLDINGS LTD. was last trading in BSE at Rs.105.1 as compared to the previous close of Rs. 107.1. The total number of shares traded during the day was 1433552 in over 7860 trades.

The stock hit an intraday high of Rs. 108.6 and intraday low of 103.7. The net turnover during the day was Rs. 151613082.

Source : Equity Bulls

Keywords