L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 22148.76 Crore) operating in NBFC sector.
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3201.49 Crore, down -10.75 % from last quarter Total Income of Rs 3587.18 Crore and down -5.77 % from last year same quarter Total Income of Rs 3397.53 Crore. Company reported net profit after tax of Rs 177.02 Crore in latest quarter.
Rural businesses witnessed improving MoM disbursement/collection trends in JunJul’21. LTFH has been consolidating its loan book over the past many quarters. The brokerage expects this to continue over the next 2-3 quarters. It expects disbursements in 2W/ML to pick-up as collections improve. Restructured pool (including OTR 2.0) was contained at 2.6%, with a PCR of 14%. Gradual normalization in excess liquidity on the Balance Sheet will reduce the negative carry and support margin.
Promoters held 63.6 per cent stake in the company as of June 30, 2021, while FIIs held 8.8 per cent, DIIs 6.6 per cent and public & others 21.1 per cent.
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