L&T Fin bets on higher disbursements to bring in more revenue

L&T Finance reported a 33 percent rise in its consolidated net profit to Rs 216 crore in the July-September quarter supported by healthy growth in assets.In the second quarter, the disbursement in its core business rose by 28 percent year-on-year (YoY). The revenue for these will start coming in the following two quarters, said Dinanath Dubhashi, MD of the company. “The increased disbursements will generate increased revenue as we go along,” he told CNBC-TV18.“We believe in next two quarters interest rates or the borrowing costs will definitely come down from all the instruments that we are participating in,” he said.Watch video for more...