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YM Deosthalee, CMD, L&T Finance Holdings says the renewable energy and operational assets segment will aid company in its second half and the next year‘s performance.
L&T Finance posted a 15 percent rise in its first quarter net profit to Rs 192 crore from Rs 167 crore in the same period last year.
Weak commodity prices, delayed capex recovery and soft rural demand are the key factors that will weigh on June quarter corporate earnings, says CRISIL Research.
N Sivaraman, president & whole-time director, L&T Finance Holding said the company has brought down the proportion of bank borrowings close to around 40 percent at the overall level.
CMD, L&T Finance said focus on B2C products (tractors, 2-wheeler finance, microfinance and housing finance) and emphasis on operating projects in renewable power and road segment have been key to this growth.
Nischint Chawathe of Kotak Institutional Equities expects the housing finance companies from the NBFC space to out perform others.
The company‘s gross NPA increased marginally at 3.01 percent in December quarter compared to 2.93 percent in the year-ago period and 2.96 percent in previous quarter.
According to N Sivaraman, there's a significant amount of stress in the environment hence one has to be cautious about lending and plan ahead for the provisioning.
L&T Finance Holdings in its fourth quarter result today reported an increase in profit after tax by around 22 percent to Rs 171 crore on year-on-year basis, the result was driven by robust loan growth and spike in other income.
L&T Finance Holdings' loans and advances rose by 30.77 percent year-on-year to Rs 31,230.5 crore in October-December quarter.
Engineering and construction major, Larsen and Toubro (L&T) has so far announced order inflows of Rs 12,500 crore during the fourth quarter of FY12. Riding on the back of decent execution of large order books, Chirag Shah, Infra Analyst, ICICI Direct expects a top line growth of 25% for L&T in Q4FY12.
Despite challenging economic environment, L&T Finance Holdings witnessed good business, chairman and managing director M Deosthalee said.
With the microfinance scenario becoming more positive than it was two-three months ago, N Sivaraman, president and whole-time director of L&T Finance Holdings is hopeful that things will improve going forward.