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    HomeNewsBusinessEarningsL&T Finance Holdings Q2 profit seen up 26% at Rs 310 cr led by NII, lower credit cost

    L&T Finance Holdings Q2 profit seen up 26% at Rs 310 cr led by NII, lower credit cost

    Analysts feel if gross non-performing assets come below 5.7 percent then that will be taken positively by the Street.

    October 25, 2017 / 18:40 IST
    JSW Holdings | Cash flow from operation in FY18: Rs 66 crore, FY19: Rs 89 crore and in FY20: Rs 103 crore. In the past 3-year, the stock price has risen 40 percent to Rs 2450 on August 25, 2020.
       
       
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      Non-banking finance company L&T Finance Holdings' second quarter consolidated profit is expected to increase 25.7 percent to Rs 310.1 crore, compared with Rs 246.6 crore in same quarter last fiscal.

      Analysts feel earnings growth may remain healthy led by healthy topline & lower credit cost.

      Consolidated net interest income is seen rising 16.5 percent year-on-year to Rs 1,088.5 crore for the quarter ended September 2017, according to average of estimates of analysts polled by CNBC-TV18.

      Scale down of de-focused business will be key point to watch out for in Q2. At the end of Q1FY18, defocused business was at Rs 2,382 crore.

      Analysts feel if gross non-performing assets come below 5.7 percent then that will be taken positively by the Street.

      first published: Oct 25, 2017 06:40 pm

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