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
Indian Railway Finance Corporation IPO: Should You Apply? (IPO)
Jan 18, 2021Monopolistic railway financer with impeccable asset quality.
CAMS IPO: Should You Apply? (IPO)
Sep 18, 2020Does the company having 70% market share of the mutual fund registrar business have sound prospects?
More Views on NewsMost Popular
It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)
Feb 24, 2021Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.
Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)
Feb 16, 2021A look at what India's top equity mutual funds bought and sold in January 2021.
I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)
Feb 16, 2021Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.
Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)
Feb 25, 2021In this video, I'll show you how to get started on the path to daily trading profits.
More|
| |
OUR TOP 5 IDEAS
- Free Report: Multibagger Stock Ideas 2021
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- Covid-19 Proof Multibagger Stocks - Download this FREE Report Now
- Free Report: The Secret to Increasing Your Trading Profits Daily!
- No Guessing, No Hunches, and No Missed Trends Ever! Join Us on YouTube Now.
L&T FINANCE HOLDINGS SHARE PRICE
Mar 1, 2021 (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 8-QTR ANALYSIS
COMPARE L&T FINANCE HOLDINGS WITH
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
POPULAR TOPICS
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Warren Buffett - The Value Investor
- The Best Small-cap Stocks to Buy
- The Best Bluechip Stocks to Buy
- Your Ultimate Guide to Penny Stock Investing
- 10 Rules for Successful Long-Term Investing
- How to Invest in the Share Market
- Momentum Moves
FOLLOW
APP
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!