L&T Finance Holdings surges on reporting 39% rise in Q3 consolidated net profit
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L&T Finance Holdings is currently trading at Rs. 96.55, up by 4.10 points or 4.43% from its previous closing of Rs. 92.45 on the BSE.
The scrip opened at Rs. 92.25 and has touched a high and low of Rs. 97.00 and Rs. 92.00 respectively. So far 600687 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 96.35 on 15-Dec-2022 and a 52 week low of Rs. 58.50 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 93.30 and Rs. 87.30 respectively. The current market cap of the company is Rs. 22924.56 crore.
The promoters holding in the company stood at 66.20%, while Institutions and Non-Institutions held 12.10% and 21.69% respectively.
L&T Finance Holdings has reported results for third quarter ended December 31, 2022 (Q3FY23). The company has reported a net profit at Rs 2136.29 crore for the quarter under review as compared to net loss of Rs 9.53 crore for the same quarter in the previous year. Total income of the company increased by over four-fold at Rs 92.73 crore for Q3FY23 as compared to Rs 21.61 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 39.16% in its net profit attributable to owners of the company at Rs 453.64 crore for the quarter under review as compared to Rs 325.99 crore for the same quarter in the previous year. Total income of the company increased 12.65% at Rs 3,491.01 crore for Q3FY23 as compared to Rs 3,099.12 crore for the corresponding quarter previous year.
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