L&T Finance Holdings, the subsidiary of engineering major Larsen & Toubro, is expected to report strong earnings for December quarter led by healthy topline & lower credit cost.
Profit during the quarter is seen rising 35.5 percent to Rs 375.3 crore and net interest income may grow 21.3 percent to Rs 1,132.4 crore compared to year-ago, according to average of estimates of analysts polled by CNBC-TV18.
Key things to watch out:
Scale down of de-focused business will be another key point to watch out for. At the end of September quarter, defocused business was at Rs 2,005 crore.
Analysts said if gross non-performing assets come below 5.9 percent (against 5.8 percent in Q2) then that would be taken positively by the Street.
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