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Apr 26, 2012, 06.19 PM IST
L&T Finance Holdings, a subsidiary of engineering and construction company Larsen & Toubro, has reported a growth of 45.4% year-on-year in its consolidated net profit of Rs 141 crore.
Consolidated net sales increased 40% to Rs 848 crore in the January-March quarter of 2012 from Rs 605 crore in a year ago period.
EBITDA shot up 46% to Rs 697 crore from Rs 476 crore year-on-year and operating profit margin improved at 82.10% versus 78.71% during the same period.
For the fiscal year 2011-12, company's profit after tax increased 16% YoY to Rs 455 crore on total income of Rs 2,981 crore (up 42%).
EBITDA moved up by 45% to Rs 2,425 crore and operating profit margin grew at 81.36% in FY12 versus 79.72% in FY11.
The stock gained over 2% to Rs 45 on the BSE amid heavy volumes.
Tags: L&T Finance Holdings
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