L&T Finance Holdings today reported 91.49 per cent decline in net profit to Rs 16.17 crore for the quarter ended March 31, due to fall in income and increase in expenses.
The company had posted a net profit of Rs 190.07 crore in the year-ago period.
Total expenses increased to Rs 10.12 crore in the final quarter of the last fiscal compared with Rs 8.86 crore in the year-ago quarter.
The company's total income declined to Rs 37.3 crore during the quarter under review as against Rs 198.3 crore in the same period a year ago.
For entire 2015-16 fiscal, it posted a net profit of Rs 378.03 crore as against Rs 261.62 crore in the preceding fiscal.
Total income increased to Rs 427.45 crore during the fiscal compared with Rs 326.93 crore in 2014-15.
