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L&T Finance Q2 net up 19 pc at Rs 143 cr

L&T Finance had a net profit of Rs 124.23 crore in the same quarter last fiscal.

Written by Agencies | New Delhi | Published: October 20, 2012 1:50 am

L&T Finance Holdings,a subsidiary of Larsen & Toubro,today posted 19 per cent rise in consolidated net profit at Rs 143.73 crore for the second quarter ended September.

The company had a net profit of Rs 124.23 crore in the same quarter last fiscal,L&T Finance Holdings said in a filing on the BSE.

The growth is attributable on stable interest costs and improvement in operational efficiency,it said.

During the first half of 2011-12,the company’s net profit increased by 19 per cent to Rs 264.41 crore as compared to Rs 220.52 crore in same period of the previous fiscal.

Gross NPAs stood at 1.81 per cent of loan assets as on September 30,2012 as compared to 2.04 per cent at the end of second quarter of the previous fiscal.

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