HomeNewsBusinessL&T Finance Holdings Q2 Net Profit seen up 32.8% YoY to Rs. 229.2 cr: Prabhudas Lilladher
Trending Topics
Sensex Live
Capillary Technologies IPO
Tenneco Clean Air India IPO
Groww IPO
Gold Rate

L&T Finance Holdings Q2 Net Profit seen up 32.8% YoY to Rs. 229.2 cr: Prabhudas Lilladher

Net Interest Income (NII) is expected to increase by 7.1 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs. 1,620.8 crore, according to Prabhudas Lilladher.

Broker Research
October 11, 2022 / 15:33 IST
Story continues below Advertisement
Remove Ad
L&T Finance Holdings: L&T Finance Holdings Q1 profit jumps 47% YoY to Rs 262 crore, with highest-ever quarterly retail disbursements. The non-banking finance company has clocked a 47.4% year-on-year growth in profit at Rs 262 crore for the quarter ended June 2022, driven by fall in impairment on financial instruments. Revenue from operations declined 2.1% to Rs 2,988.40 crore during the same period YoY. The company reported highest-ever quarterly retail disbursements at Rs 8,938 crore, up 148% YoY.
L&T Finance Holdings: L&T Finance Holdings Q1 profit jumps 47% YoY to Rs 262 crore, with highest-ever quarterly retail disbursements. The non-banking finance company has clocked a 47.4% year-on-year growth in profit at Rs 262 crore for the quarter ended June 2022, driven by fall in impairment on financial instruments. Revenue from operations declined 2.1% to Rs 2,988.40 crore during the same period YoY. The company reported highest-ever quarterly retail disbursements at Rs 8,938 crore, up 148% YoY.

Prabhudas Lilladher has come out with its second quarter (July-September’ 22) earnings estimates for the Financial Services sector. The brokerage house expects L&T Finance Holdings to report net profit at Rs. 229.2 crore up 32.8% year-on-year (up 3.4% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 7.1 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs. 1,620.8 crore, according to Prabhudas Lilladher.

Story continues below Advertisement
Remove Ad

Pre Provision Operating Profit (PPOP) is likely to rise by 232.8% Y-o-Y (up 2.4 percent Q-o-Q) to Rs. 996 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Follow Us On: Facebook twitter instagram linkedin telegram youtube
News
Business New Market New Stocks Income Tax Calculator Election Schedule 2024 India News Economy Mutual Funds Personal Finance IPO News Startups New USA Elections New
Features
Gold Rate Today Silver Rate Today Trending News Startups New National News MC Videos MC You Tube
Tools
SIP Calculator 2 SIP Calculator 3 SIP Calculator 1 New SIP Calculator 4
Specials
PowerYourTrade Master Your Money Game Changers
Network 18 Sites
News18 Firstpost CNN News18 CNBC TV18 Forbes History TV18
Personal Finance
Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance Tracker Fixed Deposits Fixed Deposit Comparison Fixed Income Account Aggregator
Quick Links
About Us New Contact Us Advisory Alert New Advertise with Us New Disclaimer Privacy Policy Cookie Policy Terms & Conditions Careers Financial Terms (Glossary) Analytical & Information Tool New
Download MC Apps:

Copyright © Network18 Media & Investments Limited. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.