L&T Finance Holdings has reported results for third quarter ended December 31, 2013.
The company has reported 73.48% fall in its net profit at Rs 50.18 crore for the quarter as compared to Rs 189.22 crore for the same quarter in the previous year. However, total income income of the company has increased by 321.83% at Rs 72.64 crore for quarter under review as compared to Rs 17.22 crore for the quarter ended December 31, 2012.
On the consolidated basis, the group has reported 62.78% fall in its net profit at Rs 109.68 crore for the quarter ended December 31, 2013 as compared to Rs 294.62 crore for the same quarter in the previous year. However, total income of the company has increased by 32.44% at Rs 1315.23 crore for quarter under review as compared to Rs 993.05 crore for the quarter ended December 31, 2012.
Figures for the quarter and nine months ended December 31, 2012 are not comparable with other periods on account of acquisitions of subsidiaries namely, L&T Housing Finance (formerly: Indo Pacific Housing Finance ), L&T Fund Management (formerly: FIL Fund Management), L&T Trustee Services (formerly: FIL Trustee Company) and FamilyCredit during the third quarter of the previous financial year.
The company has reported 73.48% fall in its net profit at Rs 50.18 crore for the quarter as compared to Rs 189.22 crore for the same quarter in the previous year. However, total income income of the company has increased by 321.83% at Rs 72.64 crore for quarter under review as compared to Rs 17.22 crore for the quarter ended December 31, 2012.
On the consolidated basis, the group has reported 62.78% fall in its net profit at Rs 109.68 crore for the quarter ended December 31, 2013 as compared to Rs 294.62 crore for the same quarter in the previous year. However, total income of the company has increased by 32.44% at Rs 1315.23 crore for quarter under review as compared to Rs 993.05 crore for the quarter ended December 31, 2012.
Figures for the quarter and nine months ended December 31, 2012 are not comparable with other periods on account of acquisitions of subsidiaries namely, L&T Housing Finance (formerly: Indo Pacific Housing Finance ), L&T Fund Management (formerly: FIL Fund Management), L&T Trustee Services (formerly: FIL Trustee Company) and FamilyCredit during the third quarter of the previous financial year.
No comments:
Post a Comment