L&T Finance Q2 net up 19% at Rs 143 cr

L&T Finance Holdings, a subsidiary of Larsen & Toubro, today posted 19% rise in consolidated net profit at Rs 143.73 crore for the second quarter ended September.

The company had a net profit of Rs 124.23 crore in the same quarter last fiscal, L&T Finance Holdings said in a filing on the BSE.

The growth is attributable on stable interest costs and improvement in operational efficiency, it said.

During the first half of 2011-12, the company's net profit increased by 19% to Rs 264.41 crore as compared to Rs 220.52 crore in same period of the previous fiscal.

Gross NPAs stood at 1.81% of loan assets as on September 30, 2012 as compared to 2.04% at the end of second quarter of the previous fiscal.