L&T Finance Holdings consolidated net profit declines 30.89% in the March 2021 quarter

Sales rise 1.79% to Rs 3415.16 crore

Net profit of L&T Finance Holdings declined 30.89% to Rs 266.85 crore in the quarter ended March 2021 as against Rs 386.15 crore during the previous quarter ended March 2020. Sales rose 1.79% to Rs 3415.16 crore in the quarter ended March 2021 as against Rs 3355.24 crore during the previous quarter ended March 2020.

For the full year,net profit declined 42.89% to Rs 970.94 crore in the year ended March 2021 as against Rs 1700.17 crore during the previous year ended March 2020. Sales declined 3.51% to Rs 13678.07 crore in the year ended March 2021 as against Rs 14175.50 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales3415.163355.24 2 13678.0714175.50 -4 OPM %63.7665.82 -59.6269.86 - PBDT740.57477.41 55 1356.682761.67 -51 PBT718.24455.94 58 1269.592680.08 -53 NP266.85386.15 -31 970.941700.17 -43

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