Monday, January 18, 2021

L&T Finance Holdings declines on reporting 51% fall in Q3 consolidated net profit

L&T Finance Holdings is currently trading at Rs. 99.55, down by 5.55 points or 5.28% from its previous closing of Rs. 105.10 on the BSE.

The scrip opened at Rs. 102.90 and has touched a high and low of Rs. 103.55 and Rs. 98.65 respectively. So far 1120006 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 134.00 on 11-Feb-2020 and a 52 week low of Rs. 46.00 on 24-Mar-2020.


Last one week high and low of the scrip stood at Rs. 108.60 and Rs. 98.65 respectively. The current market cap of the company is Rs. 20000.88 crore.

The promoters holding in the company stood at 63.65%, while Institutions and Non-Institutions held 14.63% and 21.72% respectively.

The company has reported net loss of Rs 27.63 crore for the third quarter ended December 31, 2020 as against net loss of Rs 25.43 crore for the same quarter in the previous year. Total income of the company decreased by 51.07% at Rs 21.01 crore for Q3FY21 as compared Rs 42.94 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 50.82% fall in its net profit attributable to owners at Rs 290.66 crore for the quarter under review as against net profit of Rs 591.03 crore for the same quarter in the previous year. Total income of the company decreased by 3.04% at Rs 3622.16 crore for Q3FY21 as compared Rs 3735.79 crore for the corresponding quarter previous year.

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