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L&T Finance Holdings moves up on reporting 41% rise in Q3 consolidated net profit
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L&T Finance Holdings is currently trading at Rs. 160.15, up by 0.40 points or 0.25% from its previous closing of Rs. 159.75 on the BSE.
The scrip opened at Rs. 163.15 and has touched a high and low of Rs. 163.50 and Rs. 157.20 respectively. So far 521296 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 174.85 on 05-Jan-2024 and a 52 week low of Rs. 78.97 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 171.60 and Rs. 157.95 respectively. The current market cap of the company is Rs. 39639.56 crore.
The promoters holding in the company stood at 65.90%, while Institutions and Non-Institutions held 19.75% and 14.36% respectively.
L&T Finance Holdings has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported 49.98% rise in net profit at Rs 635.66 crore for the quarter ended December 31, 2023 as compared to Rs 423.83 crore for the same quarter in the previous year. Total income of the company increased by 3.57% at Rs 3580.90 crore for Q3FY24 as compared Rs 3457.47 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported 41.12% rise in its net profit at Rs 640.18 crore for Q3FY24 as compared to Rs 453.64 crore for the same quarter in the previous year. Total income of the company increased by 2.59% at Rs 3581.26 crore for Q3FY24 as compared Rs 3491.01 crore for corresponding quarter of the previous year.
