L&T Finance Holdings standalone net profit rises 1315.28% in the March 2017 quarter

Capital Market May 5, 2017 Last Updated at 12:18 IST

Sales rise 1626.60% to Rs 239.48 crore

Net profit of L&T Finance Holdings rose 1315.28% to Rs 228.85 crore in the quarter ended March 2017 as against Rs 16.17 crore during the previous quarter ended March 2016. Sales rose 1626.60% to Rs 239.48 crore in the quarter ended March 2017 as against Rs 13.87 crore during the previous quarter ended March 2016.

For the full year,net profit declined 34.22% to Rs 248.66 crore in the year ended March 2017 as against Rs 378.04 crore during the previous year ended March 2016. Sales declined 20.35% to Rs 277.58 crore in the year ended March 2017 as against Rs 348.50 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales239.4813.87 1627 277.58348.50 -20 OPM %98.1527.25 -91.4290.77 - PBDT233.1115.85 1371 245.16368.22 -33 PBT233.1015.83 1373 245.11368.09 -33 NP228.8516.17 1315 248.66378.04 -34

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