 "L&T Finance dips on poor Q3 results")
L&T Finance Holdings slipped over 3.5% to Rs 71 after the company’s net profit for the third quarter ended December 2013 fell by 62.8 per cent to Rs 109.69 crore.
"The group has posted a net profit of Rs 1,09.69 crore for the quarter ended December 31, 2013 whereas the same was at Rs 2,94.63 crore for the quarter ended December 31, 2012," it said in a regulatory filing to the BSE today.
Total income of the company stood at Rs 1,315.24 crore versus Rs 993.05 crore a year earlier.
Total standalone income increased from Rs 17.22 crore to Rs 72.65 crore a year ago, it added.
The stock opened at Rs 69.90 and dipped to a low of Rs 69.15. Thus far, the stock has touched a high of Rs 71.85 in intra-day trades.
A combined over 2 million shares changed hands on the BSE and NSE counters.
"The group has posted a net profit of Rs 1,09.69 crore for the quarter ended December 31, 2013 whereas the same was at Rs 2,94.63 crore for the quarter ended December 31, 2012," it said in a regulatory filing to the BSE today.
Total income of the company stood at Rs 1,315.24 crore versus Rs 993.05 crore a year earlier.
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On standalone basis, the net profit stood at Rs 50.18 crore during October-December quarter of 2013-14, down from Rs 189.22 crore over the same period a year earlier.
Total standalone income increased from Rs 17.22 crore to Rs 72.65 crore a year ago, it added.
The stock opened at Rs 69.90 and dipped to a low of Rs 69.15. Thus far, the stock has touched a high of Rs 71.85 in intra-day trades.
A combined over 2 million shares changed hands on the BSE and NSE counters.