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L&T FINANCE HOLDINGS Announces Quarterly Results (4QFY18); Net Profit Up 28.5%

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L&T FINANCE HOLDINGS Announces Quarterly Results (4QFY18); Net Profit Up 28.5%
Fri, 20 Jul

L&T FINANCE HOLDINGS has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

L&T FINANCE HOLDINGS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Operating incomeRs m21,62626,30227,4834.5%27.1%
Other incomeRs m7557091,901168.3%151.7%
Total revenuesRs m22,38127,01029,3848.8%31.3%
InterestRs m11,58013,59614,3735.7%24.1%
Gross Profit Rs m9,89612,57812,9793.2%31.2%
Other expensesRs m9,7988,8069,2855.4%-5.2%
Profit before taxRs m8724,4775,56424.3%537.9%
TaxRs m-2,2866361,504136.6%
Profit after taxRs m3,1583,8414,0605.7%28.5%
Gross profit margin %45.847.847.2
Effective tax rate%-262.114.227.0
Net profit margin%14.614.614.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 27.1% on a year-on-year (YoY) basis. The interest expended was up by 24.1% YoY during the same period.
  • The bank's operating profit increased by 31.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 47.2% in 4QFY18 as against 45.8% in 4QFY17.
  • Other income increased by 151.7% YoY during the quarter.
  • Net profit for the quarter increased by 28.5% YoY. Net profit margins during the quarter increased from 14.6% in 4QFY17 to 14.8% in 4QFY18.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 4.5% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 5.7% QoQ during the same period.
  • The bank's operating profit declined by 3.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 47.2% in 4QFY18 as against 47.8% in 3QFY17.
  • Net profit for the quarter increased by 5.7% QoQ, while net profit margins same from 14.6% in 3QFY17 to 14.8% in 4QFY18.

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 152.9 to Rs 152.6, registering a Loss of Rs -0.3 or around 0.2%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 152.6, the price to earnings (P/E) ratio of L&T FINANCE HOLDINGS stands at 18.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.9 times.

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