 "stocks, funds, small-caps, large-caps, india inc, tech, markets, investment, shares, dividends, brokers, shares, company, firms, BSE, exchange, earnings, results, profit, loss, dividend payout, tax")
L&T Finance Holdings Ltd posted a 20 per cent rise in consolidated net profit, at Rs 178 crore in the first quarter ended June 2021 (Q1FY22) on improvement in margins and fees. It had posted a net profit of Rs 148 crore in June 2020 (Q1FY21).
The consolidated net profit in the March 2021 quarter was at Rs 266 crore.
Its net interest margin (NIM) plus fees improved to 7.52 per cent in June 2021 quarter from 5.78 per cent a year ago (Q1FY21) on consolidated basis. Sequentially, it was down from 8.17 per cent in Q4FY21. Despite lockdown, collections during Q1FY22
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