L&T Finance Holdings standalone net profit declines 82.68% in the March 2021 quarter

Sales decline 70.50% to Rs 118.13 crore

Net profit of L&T Finance Holdings declined 82.68% to Rs 58.87 crore in the quarter ended March 2021 as against Rs 339.81 crore during the previous quarter ended March 2020. Sales declined 70.50% to Rs 118.13 crore in the quarter ended March 2021 as against Rs 400.49 crore during the previous quarter ended March 2020.

For the full year,net profit declined 56.50% to Rs 116.05 crore in the year ended March 2021 as against Rs 266.81 crore during the previous year ended March 2020. Sales declined 63.98% to Rs 171.26 crore in the year ended March 2021 as against Rs 475.44 crore during the previous year ended March 2020.

 

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales118.13400.49 -71 171.26475.44 -64 OPM %93.2997.60 -80.2892.13 - PBDT79.23341.81 -77 -35.31284.22 PL PBT79.08341.69 -77 -35.89283.74 PL NP58.87339.81 -83 116.05266.81 -57

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