L&T Finance Holdings Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 22, 2016 at 06:59 am
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L&T Finance Holdings Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported consolidated income from operations of INR 18,198.069 million against INR 15,719.906 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 12,963.326 million against INR 11,212.670 million a year ago. Profit from ordinary activities before tax was INR 3,259.130 million against INR 2,657.880 million a year ago. Net profit for the period was INR 2,119.650 million against INR 1,816.076 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.92 against INR 0.87 a year ago. Return on equity was 9.21% against 9.64% a year ago. Book Value per share was INR 40.62 against INR 37.03 a year ago.
For the nine months, the company reported consolidated income from operations of INR 53,308.214 million against INR 45,615.842 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 37,860.552 million against INR 33,040.383 million a year ago. Profit from ordinary activities before tax was INR 9,184.085 million against INR 9,143.270 million a year ago. Net profit for the period was INR 6,198.403 million against INR 6,491.199 million a year ago. Basic and diluted earnings per share were INR 2.70 against INR 3.29 a year ago. Return on equity was 9.36% against 9.78% a year ago.
For the quarter, the company reported standalone income from operations of INR 1,905.751 million against INR 848.975 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,810.242 million against INR 746.090 million a year ago. Profit from ordinary activities before tax was INR 1,971.234 million against INR 754.019 million a year ago. Net profit for the period was INR 1,971.234 million against INR 756.430 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.90 against INR 0.27 a year ago.
For the nine months, the company reported standalone income from operations of INR 3,346.280 million against INR 1,037.514 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,124.696 million against INR 769.478 million a year ago. Profit from ordinary activities before tax was INR 3,522.587 million against INR 714.448 million a year ago. Net profit for the period was INR 3,618.622 million against INR 715.492 million a year ago. Basic and diluted earnings per share were INR 1.40 against basic and diluted loss per share INR 0.05 a year ago.
L&T Finance Limited is an India-based non-banking financial company with presence across the lending business catering to the diverse financing needs of served and underserved customers. It offers personal loans, two-wheeler loans, home loans, rural business loans, farm loans, and small and medium-sized enterprises (SME) loans. It operates in three segments: Retail Business, Wholesale Business, and Defocused Business. Its Retail business comprises of comprises of farmer finance, two-wheeler finance, rural business finance, consumer finance, home loan, loan against property, and SME Finance. Its Wholesale Business comprises of Infrastructure Finance and Real Estate Finance. Its Defocused Business comprises of structured corporate loans, debt capital market, commercial vehicle finance, construction equipment finance, supply chain finance, SME term loans and other discontinued products. It offers a range of insurance product, such as Life Insurance, Health Insurance and General Insurance.
L&T Finance Holdings Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015