L&T Finance Holdings Ltd Q4FY21 consolidated net profit at Rs. 266.85 crore

L&T FINANCE HOLDINGS LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3587.18 crores during the period ended March 31, 2021 as compared to Rs.3586.48 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.266.85 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.290.66 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.1.17 for the period ended March 31, 2021 as compared to Rs.1.36 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 3587.18 crs	₹ 3586.48 crs	0.02%
Net Profit	₹ 266.85 crs	₹ 290.66 crs	-8.19%
EPS	₹ 1.17	₹ 1.36	-13.97%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.3587.18 crores during the period ended March 31, 2021 as compared to Rs.3425.68 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.266.85 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.386.15 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.1.17 for the period ended March 31, 2021 as compared to Rs.1.81 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 3587.18 crs	₹ 3425.68 crs	4.71%
Net Profit	₹ 266.85 crs	₹ 386.15 crs	-30.89%
EPS	₹ 1.17	₹ 1.81	-35.36%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.14080.10 crores during the 12 months period ended March 31, 2021 as compared to Rs.14476.75 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.970.94 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.1700.17 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.4.47 for the 12 months period ended March 31, 2021 as compared to Rs.7.97 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 14080.10 crs	₹ 14476.75 crs	-2.74%
Net Profit	₹ 970.94 crs	₹ 1700.17 crs	-42.89%
EPS	₹ 4.47	₹7.97	-43.91%

In the quarter, LTFH raised ~Rs 3,000 Cr through Rights issue in Q4FY21, which was oversubscribed by 15%. Furthermore, the Company completed the merger of its operating lending entities - L&T Infrastructure Finance Company Ltd. and L&T Housing Finance Ltd., with L&T Finance Ltd. to create a single unified entity for better operational efficiency, superior cash flow synergies and unparalleled growth.

The Company now maintains a very strong capital adequacy of 23.80%.

Commenting on the financial results Mr. Dinanath Dubhashi, Managing Director & CEO, L&T Finance Holdings, said, "With normalcy returning in the latter half, our focused businesses have witnessed continued momentum in disbursements, with increased market share across desired businesses (15% in Farm and 11% in TW finance). At the same time, we have fully dealt with stress corresponding to first wave of Covid-19 and have adequately provided for the same through prudent provisioning in FY21 itself, and are well prepared to remain resilient on the back of strong fundamentals and a strengthened balance sheet. While the second wave has led to uncertainty and change in market dynamics, we believe that our strengths prepare us well to handle these circumstances."

Mr. Dubhashi further added, "The merger of our three operating lending entities into one entity will enhance governance standards and we also believe that the simplified structure will lead to operational efficiencies and cash flow synergies, thereby creating long term value for stakeholders. Through FY21, LTFS has shown the ability to deal with extremely tough conditions and has emerged strongly. With the recent capital raise, we are suitably placed to deliver medium to long-term growth with increase in retailisation & well positioned to weather any short-term disruptions arising from second wave of Covid."

Shares of L&T FINANCE HOLDINGS LTD. was last trading in BSE at Rs.89.9 as compared to the previous close of Rs. 91.9. The total number of shares traded during the day was 1403033 in over 6647 trades.

The stock hit an intraday high of Rs. 93.4 and intraday low of 89.25. The net turnover during the day was Rs. 127285501.

Source : Equity Bulls

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