L&t Finance Holdings

L&T Finance Holdings hits 52-week high, surges 6% on strong Q3 results

After the divestment of the mutual fund business, LTFH has proposed merger of its subsidiary lending entities - L&T Finance and L&T Infra Credit with itself

Stocks to Watch: Wipro, HDFC Bank, DMart, Delhivery, NDTV, Sula Vineyard

Stocks to Watch today: Wipro, after market hours on Friday, reported a consolidated net profit of Rs 3,052 crore for October-December FY23, an increase of 2.8 per cent year-on-year (YoY)

L&T Finance's Q3 net profit rises 39% on improved margins and fees

To accelerate sale of wholesale loan book; Makes one-time provision of Rs 2,687 cr

HSBC Asset Management Company completes acquisition of L&T Mutual Fund

L&T Finance Holdings said it has received Rs 3,485 crore from HSBC AMC as sale proceeds

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