L&T Finance Holdings Ltd Q2 net profit up 52% to Rs 265.12 crore
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Mumbai, Oct. 22 -- L&T Finance Holdings Ltd reported a rise of 52.19% in its net profit to Rs.265.12 crores for the period ended September 30, 2020 as against Rs.148.31 crores for the period ended June 30, 2020 despite higher provisioning.
Total income rose 3.28% to 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.
L&T Finance made additional provisions of Rs.512 Cr for the September quarter to strengthen its balance sheet, even though there is strong on-ground recovery. The company carries Rs. 1,757 Cr of provisions on account of macro prudential provisions, covid-19.
Commenting on the financial results Mr Dinanath Dubhashi, Managing Director & CEO, LTF...
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