Home / Companies / Results / L&T Finance Holdings Q2 net up 42% to Rs 248 cr despite higher provisioning

L&T Finance Holdings Q2 net up 42% to Rs 248 cr despite higher provisioning

Provision coverage ratio rises to 69% from 54% a year ago

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The total income was down to Rs 3,508.9 crore in reporting quarter from Rs 3,711.8 crore in Q2FY20

2 min read Last Updated : Oct 22 2020 | 11:24 PM IST

L&T Finance Holdings (LTFH) Ltd’s net profit, at consolidated level, rose by 42 per cent rise at Rs 247.7 crore in the second quarter ended September 2020 despite accelerated provisions. It had posted a profit after tax of Rs 174.5 crore in second quarter of last year (Q2Fy21).

The total income was down to Rs 3,508.9 crore in reporting quarter from Rs 3,711.8 crore in Q2FY20.

The Net Interest Margin (NIM) plus Fees stood at 6.49 per cent in Q2FY21 lower than 6.86 per cent for Q2FY20. With normalcy returning, NIMs plus Fees have reached the desired range of

Topics : L&T Finance Holdings Q2 results

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