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L&T Finance Holdings Ltd’s (LTFH) consolidated net profit rose by 94 per cent to Rs 548 crore for fourth quarter ended March 2019 (Q4Fy19) on rise in interest margins.
It has posted a net profit of Rs 282 crore in fourth quarter ended March 2018 9Q4Fy18).
The net interest margins (NIMs) rose to 5.08 per cent in Q4 Fy19 from 4.64 per cent in Q4Fy18.
The finance company’s consolidated net profit for Fy19 rose by 77 per cent at Rs 2,226 crore for FY19 from Rs 1,255 crore in FY18.
The Return on Equity (ROE) for Q4FY19 stood at 16.57
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