April 14, 2026 08:06 am (IST)
Follow us:
L&T Finance Holdings Q4 net profit up by 10 percent
New Delhi, Apr 23 (IBNS) L&T Finance Holdings on Thursday said it has recorded 10 percent increase in its consolidated fourth-quarter net profit.
"The Consolidated PAT (before exceptional items) for the year grew by 23% y-o-y to Rs. 736 Cr compared to Rs 597 Cr last year while the Consolidated PAT (before exceptional items) for the quarter grew by 10% y-o-y to Rs 206 Cr compared to Rs 187 Cr in the same period last year," the company said in a statement.
The operating performance has been strong with healthy margins, increased fee income, stable opex and improvement in asset quality.
The enabled acceleration of Rs 96 Cr of provisions, which translates into a net amount of Rs 43 Cr on a post-tax basis adjusted for utilization of Rs 23 Cr of MAT credit in group companies.
Accelerated provisions include impact of increase of standard asset provisions to 0.30% from 0.25%, income reversal on 150 to 180 days past due assets and voluntary provisions on select stress accounts.
"Loans & Advances as on 31st March 2015 grew by 18% y-o-y to Rs. 47,232 Cr. as compared to Rs. 40,082 Cr as on 31st March 2014. This has been led by healthy disbursement growth of 25% on a y-o-y basis in our key focus areas i.e. B2C products - tractors, two wheelers, housing and microfinance in the retail business and operational projects in the sectors of renewable power and roads in the wholesale business," the company said in a statement.
The investment management business clocked a 23% growth in Average Assets Under Management (AAUM) to close the year at Rs 22,497 Cr compared to Rs 18,255 Cr for the same period last year, the company said.
Growth of equity assets by 78% on a y-o-y basis to Rs 8,774 comprising 39% of total AAUM was a key highlight of the year.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Vikram Solar hits 10 GW in global deployments
Mon, Apr 13 2026
Sensex plunges 1,500 pts as US-Iran ceasefire fails, oil surges
Mon, Apr 13 2026
Techie’s emotional post on jobless flatmate’s struggles goes viral
Sun, Apr 12 2026
Nissan Motor India marks major network expansion with 54 new customer touchpoints in Q1 of CY 2026
Fri, Apr 10 2026
Groww shares climb 5%, extend rally for third session
Fri, Apr 10 2026