 "Larsen and Toubro finance")
L&T Finance Holdings Ltd’s (L&TFH) consolidated net profit for the third quarter ended December 2017 rose by 42 per to Rs 3.84 billion on sharp rise in fee income and control over expenses. It had posted a net profit of Rs 2.7 billion in third quarter of 2016-17 (FY17).
Total Income rose by 25 per cent to Rs 27 billion in Q3Fy18. The fee income saw 93 per cent jump at Rs 3.55 billion.
The loan and advances comprising focused businesses – rural, housing and wholesale – and defocused lines rose by 23 per cent to Rs 759 billion in
