L&T Finance Holdings Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 25, 2012 at 11:30 am
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L&T Finance Holdings Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported standalone income from operations of INR 240.122 million compared to INR 3.575 million a year ago. Profit from operations before other income, interest and exceptional items was INR 146.926 million compared to INR 1.998 million a year ago. Profit after tax was INR 76.307 million or INR 0.04 per basic and diluted share, compared to INR 1.823 million or INR 0.00 per basic and diluted share, a year ago.
For the nine months, the company reported standalone income from operations of INR 466.574 million compared to INR 58.808 million a year ago. Profit from operations before other income, interest and exceptional items was INR 351.404 million compared to INR 52.731 million a year ago. Profit after tax was INR 112.818 million or INR 0.07 per basic and diluted share, compared to INR 52.256 million or INR 0.04 per basic and diluted share, a year ago.
For the quarter, the company reported consolidated income from operations of INR 7,728.437 million compared to INR 5,495.206 million a year ago. Profit from operations before other income, interest and exceptional items was INR 5,841.349 million compared to INR 4,062.752 million a year ago. Net profit for the period was INR 936.107 million or INR 0.55 per basic and diluted share, compared to INR 908.75 million or INR 0.64 per basic and diluted share, a year ago.
For the nine months, the company reported consolidated income from operations of INR 21,083.761 million compared to INR 14,934.34 million a year ago. Profit from operations before other income, interest and exceptional items was INR 16,673.124 million compared to INR 11,532.268 million a year ago. Net profit for the period was INR 3,142.272 million or INR 1.98 per basic and diluted share, compared to INR 2,938.145 million or INR 2.09 per diluted share, 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 Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011