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L&T Finance Holdings Ltd Q1FY24; 103% rise in Profits

L&T finance Holdings Ltd is a NBFC and offers a diverse range of financial products and services such as Farm equipment finance, Two wheeler finance, Micro Loans, Consumer loans, Home loans, Loans against property (LAP), Real estate finance, Infra finance, Infra Debt Fund and other services.

Financial Results:

L&T Finance Holdings Ltd reported Revenues for Q1FY24 of ₹3,223.00 Crores up from ₹2,988.00 Crore year on year, a rise of 7.86%.

Total Expenses for Q1FY24 of ₹2,664.00 Crores down from ₹2,828.00 Crores year on year, a fall of 5.8%.

Consolidated Net Profit of ₹531.00 Crores up 103.45% from ₹261.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.14, up 101.89% from ₹1.06 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: NBFC
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