Page 2 - L&t Finance Holdings

L&T Finance Q2 results: Net profit rises 81% YoY on improved margins

Its capital adequacy was 22.65 per cent (Tier 1: 19.85 per cent) and Debt to Equity (D/E ratio) at 4.18 times in Q2FY23

Stocks to Watch: RIL, HUL, ONGC, NTPC, Ambuja, HDFC Life, Grasim, Vedanta

Stocks to Watch Today: CEAT, Havells, IndusInd Bank, Mastek, OFSS, RIIL, Syngene International, Tata Communications and Wirpo to announce Q1 results on Wednesday.

L&T Finance Holdings Q1 net up 47% to Rs 262 cr on better interest margins

Firm expects NIM plus fees to stay above 8% in FY23

Stocks to Watch Today: IndusInd Bank, Delhivery, Websol, BoM, Alok Inds

Stocks to Watch Today: Ambuja Cements, AU SFB, Alok Textiles, Hindustan Unilever, HDFC Life, ICICI Lombard, L&T Finance and Rallis India to announce Q1 results on Tuesday.

L&T Finance to divest real estate, infrastructure books to reduce leverage

The real estate book of L&T Finance is worth Rs 11,210 crore and infrastructure finance is worth 30,521 crore as on March this year

L&T Finance Holdings consolidated net up 28% to Rs 342 crore in Q4

For FY22, its consolidated net profit rose by 10% to Rs 1,070 crore; board has recommended a dividend of Rs 0.50 a share

L&T Finance Holding plans to hasten the pace of retail loan growth

The growth outlook is very conducive as the economy comes out of a turbulent period due to the pandemic.

L&T Finance Holdings to focus on retail; exit wholesale, realty finance

Appoints L&T CEO S N Subrahmanyan as chairman; Shailesh Haribhakti to remain independent director

BNP Paribas Arbitrage buys L&T Finance Holdings shares worth Rs 413 cr

BNP Paribas Arbitrage on Monday bought shares of L&T Finance Holdings worth nearly Rs 413 crore through an open market transaction. As per block deal data on BSE, over 5.78 crore shares were purchased at an average price of Rs 71.35 apiece. This took the total deal value to Rs 412.9 crore. Separately, Citi Group Markets Mauritius Pvt Ltd sold shares of L&T Finance Holdings at the same price. On Monday, shares of L&T Finance Holdings Ltd declined 1.82 per cent to close at Rs 70.05 on BSE.

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

Sensex snaps 3-day rally, ends 191pts lower; Data Patterns up 28% on debut

Energy, auto, healthcare and banking shares were the major losers, while IT shares managed to buck the trend.

L&T Finance Holdings dips 7% on divestment of Asset Management business

The divestment of Mutual Fund business is in line with the strategic objective of L&T Finance Holdings to unlock value from its subsidiaries and strengthen its balance sheet, the company said.

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

The divestment of mutual fund business is in line with the strategic objective of L&T Finance Holdings of unlocking value from its subsidiaries to strengthen its balance sheet, says the company

L&T Finance Holdings Q2 consolidated net profit declines 15% to Rs 224 cr

The company's total lending loan book contracted by 12 per cent to Rs 86,936 cr in Sept 2021 from Rs 98,823 cr in year-ago period

L&T Finance Holdings' net profit falls 10% to Rs 223 crore in Q2

L&T Finance Holdings (LTFH) on Wednesday reported a 10 per cent decline in its consolidated net profit to Rs 223 crore for the second quarter ended September 2021. The non-banking financial company had posted a net profit of Rs 248 crore in the corresponding period of the previous financial year. Its total income during July-September 2021 fell to Rs 3,134.46 crore as against Rs 3,508.91 crore in the year-ago period, LTFH said in a regulatory filing. Among the market leaders in farm equipment finance, two-wheeler finance and micro loans, LTFH said it witnessed the highest-ever disbursement in rural finance during the reported quarter, while retail disbursements grew 55 per cent quarter-on-quarter. In the second quarter of FY22, all LTFH businesses witnessed robust disbursement momentum. Rural finance business saw the highest-ever Q2 disbursement at Rs 4,987 crore, a jump of 51 per cent quarter-on-quarter, it said. The total disbursements in the quarter stood at Rs 7,339 crore for

L&T Finance Holdings consolidated Q1 net up 20% to Rs 178 cr

Margins & fees improve; NPAs up YoY and sequentially

Stocks to watch: Nestle India, Adani Ports, L&T Finance, Heritage Foods

L&T Finance said it has closed its rights issue and raised over Rs 2,998 crore

L&T Finance Holdings raises Rs 2,998 cr through rights issue

L&T Finance Holdings Ltd (LTFH) on Tuesday said it has closed its rights issue and has raised over Rs 2,998 crore. LTFH has closed its rights issue to raise Rs 2,998.61 crore. The rights issue was oversubscribed by approximately 15 per cent, it said in a release. The non-banking finance company is present in businesses, including rural finance, housing finance, infrastructure finance and investment management. The allotment of shares will take place next week on the same day, the company said, adding the shares will be listed on BSE and NSE on or by February 26. "We are delighted that our rights issue was oversubscribed and we are thankful to our investors for their support. "The response reflects the faith in the resilience of our business model which along with our AAA credit rating, and the strong backing of our parent, gives us the confidence of continuing on our path of creating a stable and sustainable organisation for all our stakeholders," Dinanath Dubhashi, Managing ...

L&T Finance Holdings gets nod to raise up to Rs 3,000 cr via rights issue

The company said details of the rights issue, including price and entitlement ratio, will be determined in due course.

L&T Finance gets board's approval to raise Rs 3,000 crore via rights issue

L&T Finance Holdings on Monday said its board has approved raising of up to Rs 3,000 crore through a rights issue. "The board approved the offer and issuance of fully paid-up equity shares of the company for an amount not exceeding Rs 3,000 crore by way of a rights issue to the eligible equity shareholders of the company," L&T Finance Holdings said in a regulatory filing. The company said details of the rights issue, including price and entitlement ratio, will be determined in due course. Shares of L&T Finance Holdings Ltd were trading 0.37 per cent lower at Rs 67.35 apiece on the BSE.