L&T Finance Holdings Ltd reports Rs. 386.15 crore consolidated PAT in Q4 FY2020

L&T FINANCE HOLDINGS LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.3427.22 crores during the period ended March 31, 2020 as compared to Rs.3734.05 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.386.15 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.591.03 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.92 for the period ended March 31, 2020 as compared to Rs.2.95 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 3427.22 crs	₹ 3734.05 crs	-8.22%
Net Profit	₹ 386.15 crs	₹ 591.03 crs	-34.66%
EPS	₹ 1.92	₹ 2.95	-34.92%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.3427.22 crores during the period ended March 31, 2020 as compared to Rs.3383.92 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.386.15 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.547.58 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.1.92 for the period ended March 31, 2020 as compared to Rs.2.73 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 3427.22 crs	₹ 3383.92 crs	1.28%
Net Profit	₹ 386.15 crs	₹ 547.58 crs	-29.48%
EPS	₹ 1.92	₹ 2.73	-29.67%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.14548.13 crores during the 12 months period ended March 31, 2020 as compared to Rs.13301.52 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.1700.17 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.2226.30 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.8.46 for the 12 months period ended March 31, 2020 as compared to Rs.11.10 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 14548.13 crs	₹ 13301.52 crs	9.37%
Net Profit	₹ 1700.17 crs	₹ 2226.30 crs	-23.63%
EPS	₹ 8.46	₹11.10	-23.78%

Commenting on the financial results Mr. Dinanath Dubhashi, Managing Director & CEO, LTFH, said, "The inherent strength of the business model will be proven as we face one of the worst economic situations experienced by the entire world. While our disbursement, collection and asset quality has remained strong during Q4FY20, there is a clear need to counter the difficulties facing the economy in FY21. Accordingly, we have further strengthened our balance sheet by building substantial incremental provisions as well maintaining the comfortably positive ALM and enhanced liquidity". This along with a robust collection mechanism, aggressive monitoring of portfolios, stringent risk mitigants and judicious cost control will hold us in good stead as the country emerges from this pandemic."

Shares of L&T FINANCE HOLDINGS LTD. was last trading in BSE at Rs.57.35 as compared to the previous close of Rs. 58.25. The total number of shares traded during the day was 1202159 in over 4068 trades.

The stock hit an intraday high of Rs. 59.1 and intraday low of 56.8. The net turnover during the day was Rs. 69252997.

Source : Equity Bulls

Keywords