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L&T Finance Holdings' Q3 net rises 12% to Rs 326 cr on spike in NIM, fees

The company has already raised long-term funds, protecting the balance sheet from rising finance costs

HSBC AMC acquires L&T Finance's mutual fund unit for Rs 3,200 cr

Abhijit Lele Mumbai
LT Finance Holdings Ltd (LTFH) posted a 12 per cent rise in net profit at Rs 326 crore in third quarter ended December 2021 (Q3FY22) on improvement in net interest margin and fees.

It had posted a net profit of Rs 291 crore in Q3FY21. Sequentially, net profit rose by 46 per cent from Rs 224 crore in Q2FY22.

LTFH stock closed 3.3 per cent lower at Rs 75.55 per share on BSE.

LTFH, which is into retail, rural and infrastructure financing, saw improvement in earnings profile with net interest margins (NIM) plus fees rising 71 basis points Year-on-Year (YoY)

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First Published: Jan 21 2022 | 8:36 PM IST

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