 "Larsen and Toubro finance")
L&T Finance Holdings (LTFH) hit its record high of Rs 170, up 6%, extending its 4% gains on BSE, after reported 49% year-on-year (YoY) growth in consolidated net profit at Rs 309 crore in June quarter (Q1FY18),led by strong earnings momentum in housing and investment management business. The company had a profit of Rs 207 crore in a year ago quarter.
“Assets quality of the company also improved with gross non-performing assets (GNPA) has reduced by 18% - from Rs 4,519 crore to Rs 3,698 crore. With improved provision coverage, NNPA% has seen a sharp reduction from 5.02% in
“Assets quality of the company also improved with gross non-performing assets (GNPA) has reduced by 18% - from Rs 4,519 crore to Rs 3,698 crore. With improved provision coverage, NNPA% has seen a sharp reduction from 5.02% in
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