L&T Finance Holdings reports 69% fall in Q2 consolidated net profit
19th Oct 2019

L&T Finance Holdings has reported results for second quarter ended September 30, 2019.

The company has reported a net loss of Rs 17.62 crore for the quarter under review against net profit of Rs 33.69 crore for the same quarter in the previous year. Total income of the company decreased by 58.50% at Rs 41.51 crore for Q2FY20 as compared Rs 100.02 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 68.79% in its net profit at Rs 174.51 crore for the quarter under review as compared to net profit of Rs 559.12 crore for the same quarter in the previous year. However, total income of the company increased by 12.40% at Rs 3,711.85 crore for Q2FY20 as compared Rs 3,302.35 crore for the corresponding quarter previous year.