- Home
- About
- Team
- Today's Market
- Premium
- Research it
- Outlook
- Portfolio
- Mobile
- Trust Equitymaster
- Help
- Free Reports
MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- L&T FINANCE HOLDINGS
- L&T FINANCE HOLDINGS Announces Quarterly Results (3QFY19); Net Profit Up 51.3%
L&T FINANCE HOLDINGS Announces Quarterly Results (3QFY19); Net Profit Up 51.3%
Tue, 22 Jan
L&T FINANCE HOLDINGS has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:
L&T FINANCE HOLDINGS Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-17* | 3 Sep-18* | 3 Dec-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Operating income | Rs m | 26,302 | 32,463 | 32,440 | -0.1% | 23.3% |
| Other income | Rs m | 709 | 797 | 2,724 | 241.6% | 284.5% |
| Total revenues | Rs m | 27,010 | 33,260 | 35,164 | 5.7% | 30.2% |
| Interest | Rs m | 13,596 | 16,497 | 18,647 | 13.0% | 37.2% |
| Gross Profit | Rs m | 12,578 | 15,849 | 13,670 | -13.7% | 8.7% |
| Other expenses | Rs m | 8,806 | 8,670 | 8,636 | -0.4% | -1.9% |
| Profit before tax | Rs m | 4,477 | 7,976 | 7,758 | -2.7% | 73.3% |
| Tax | Rs m | 636 | 2,385 | 1,949 | -18.3% | 206.5% |
| Profit after tax | Rs m | 3,841 | 5,591 | 5,810 | 3.9% | 51.3% |
| Gross profit margin | % | 47.8 | 48.8 | 42.1 | ||
| Effective tax rate | % | 14.2 | 29.9 | 25.1 | ||
| Net profit margin | % | 14.6 | 17.2 | 17.9 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The bank's operating income (interest earned) during the quarter grew 23.3% on a year-on-year (YoY) basis. The interest expended was up by 37.2% YoY during the same period.
- The bank's operating profit increased by 8.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 42.1% in 3QFY19 as against 47.8% in 3QFY18.
- Other income increased by 284.5% YoY during the quarter.
- Net profit for the quarter increased by 51.3% YoY. Net profit margins during the quarter increased from 14.6% in 3QFY18 to 17.9% in 3QFY19.
Quarter-on-Quarter Performance:
- The bank's operating income (interest earned) during the quarter fell 0.1% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 13.0% QoQ during the same period.
- The bank's operating profit declined by 13.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 42.1% in 3QFY19 as against 48.8% in 2QFY18.
- Net profit for the quarter increased by 3.9% QoQ, while net profit margins increased from 17.2% in 2QFY18 to 17.9% in 3QFY19.
To see how L&T FINANCE HOLDINGS has performed over the last eight quarters, please visit here.
L&T FINANCE HOLDINGS Share Price Performance
Over the last one year, L&T FINANCE HOLDINGS share price has moved up from Rs 178.3 to Rs 136.3, registering a Loss of Rs 42.0 or around 23.6%.
Overall, the S&P BSE SENSEX is up 1.8% over the year.
Current Valuations
At the current price of Rs 136.3, the price to earnings (P/E) ratio of L&T FINANCE HOLDINGS stands at 12.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.
|
| |
Related Views on News
L&T FINANCE HOLDINGS Announces Quarterly Results (4QFY18); Net Profit Up 28.5% (Quarterly Result Update)
Jul 20, 2018 | Updated on Jul 20, 2018For the quarter ended March 2018, L&T FINANCE HOLDINGS has posted a net profit of Rs 4 bn (up 28.5% YoY). Sales on the other hand came in at Rs 27 bn (up 27.1% YoY). Read on for a complete analysis of L&T FINANCE HOLDINGS's quarterly results.
CreditAccess Grameen IPO: Should You Apply to this Interesting Microfinance Play? (IPO)
Aug 7, 2018Should you apply to the IPO of CreditAccess Grameen Ltd?
HDFC AMC IPO: Do Valuations Leave Enough on Table for Investors? (IPO)
Jul 20, 2018Should you subscribe to the IPO of HDFC AMC Ltd?
IndoStar Capital Finance IPO: Is This NBFC Worth Betting On? (IPO)
May 8, 2018Should you apply for the IPO of IndoStar Capital Finance?
ICICI Securities IPO: Will the Brokerage Shine If Markets Don't? (IPO)
Mar 22, 2018Is the IPO of one of India's first online brokerage firm, ICICI Securities, worth applying for?
More Views on NewsMost Popular
7 Stocks to Profit from Sensex 100,000(The 5 Minute Wrapup)
Feb 4, 2019Tanushree Banerjee explains everything you need to know about the Rebirth of India and Sensex 100,000.
The RCom Bankruptcy: 5 Lessons for Smallcap Investors(Profit Hunter)
Feb 7, 2019Managements of companies can create or ruin their fortunes. Why is management quality such an important factor in valuing businesses? Read on to find out...
Here's What the Biggest 'Rebirth of India' Investors are Doing(The 5 Minute Wrapup)
Feb 5, 2019A roundtable on the 18th of January 2019 had investors with billions of dollars of investment kitty.
How We Pick the Most Profitable Stocks from the Portfolios of Super Investors(The 5 Minute Wrapup)
Feb 8, 2019This is the trick to following super investors and not losing money.
Do You Have the Stomach to Survive a Small Cap Crash?(Profit Hunter)
Feb 5, 2019While selecting good businesses is relatively easy task in a bearish phase, where most people fail is in having enough patience to hold the quality stocks until recovery.
More|
| |
L&T FINANCE HOLDINGS SHARE PRICE
Feb 15, 2019 (Close)
TRACK L&T FINANCE HOLDINGS
- Track your investment in L&T FINANCE HOLDINGS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
- Add To MyStocks
MORE ON L&T FINANCE HOLDINGS
L&T FINANCE HOLDINGS - MAHINDRA FINANCE COMPARISON
COMPARE L&T FINANCE HOLDINGS WITH
OTHER USEFUL LINKS
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
APPS
FOLLOW
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "L&T FINANCE HOLDINGS Announces Quarterly Results (3QFY19); Net Profit Up 51.3%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!