L&T Finance Holdings consolidated net up 28% to Rs 342 crore in Q4

For FY22, its consolidated net profit rose by 10% to Rs 1,070 crore; board has recommended a dividend of Rs 0.50 a share

L&T Finance Holdings Ltd’s consolidated net profit rose 28.1 per cent to Rs 342 crore in the fourth quarter ended March 2022 (Q4FY22) from Rs 267 crore in a year ago quarter (Q4FY21).

For FY22, its consolidated net profit rose by about 10 per cent to Rs 1,070 crore from Rs 971 crore for FY21.

The board has recommended a dividend of Rs 0.50 per share of Rs 10 face value for FY22, the company informed BSE. Its stock closed 0.6 per cent lower at 87.55 per share.

The firm's net interest margin plus fees were flat at 8.17 per