Page 2 - L&t Finance Holdings

L&T Finance Holdings Q1 PBT falls 86.63% to Rs 99.26 cr, impairment rises

The advances shrank by 1 per cent YoY to Rs 98,879 crore at end of June 2020 from Rs 99,904 crore in June 2019

BS Social Excellence Awards 2019: Jury picks top three in social sector

L&T Finance Holdings was picked out for the scale and gender-inclusive work of its digital literacy initiative in rural India, Digital Sakhi

L&T Finance raises Rs 300 cr through non-convertible preference shares

L&T Finance Holdings has issued non-convertible preference shares on a private placement basis to raise up to Rs 300 crore. The company has issued up to 30,000,000 cumulative compulsorily redeemable non-convertible preference shares of Rs 100 face value aggregating up to Rs 300 crore on a private placement basis, L&T Finance Holdings said in a regulatory filing on Wednesday. The preference shares carry dividend rate of 7.50 per cent per annum payable annually. Stock of the company closed at Rs 116.25 on BSE, down 1.73 per cent from previous close.

L&T Finance Holdings to cut structured finance book to Rs 5,000 crore

In May, the company had announced plans to exit these areas.

L&T Finance Holding Q2 net profit down 69% at Rs 174 cr; stock ends flat

Total income during the second quarter of 2019-20 increased to Rs 3,711.85 crore

Despite several headwinds, analysts are turning positive on L&T stock

The company has been winning large-ticket orders lately, though the orders bagged, so far, are less than the year-ago level

L&T Finance reports 2% growth in net profit at Rs 549 crore in Q1

In the June quarter of FY19, L&T Finance booked a net profit of Rs 538 crore

L&T Finance Holdings Q4 net up 94% to Rs 548 cr on rising interest margins

The net interest margins (NIMs) rose to 5.08% in Q4 Fy19 from 4.64% in Q4Fy18.

L&T Finance closes NCS issue on second day, raises Rs 2,228 cr

L&T Finance Holdings Thursday announced early closure of its bond issue following a 4.5 times oversubscription, raising a little over Rs 2,228 crore. The issue was opened on March 6 and was scheduled to close on March 20. The base size of the issue was Rs 500 crore, with an option to retain over-subscription up to Rs 1,000 crore. "We raised a total of Rs 2,228.06 crore with an subscriptions of 4.45 times. HNIs and retail investors' participation in the first tranche led to an oversubscription of 6.64 times and 6.68 times in respective categories as on the early closure Thursday," the company said in a statement. In the first tranche, the company offered three bonds maturing in 37 months, 60 months and 120 months offering a coupon in the range of 9.10-9.35 percent for retail investors, and 9-9.20 percent for institutional investors. Announcing the issue, managing director and chief executive Dinanath Dubhashi had said the issue was aimed diversifying liability ...

L&T Finance Holdings: Possible NPA shocks dampen outlook, stock falls

Watch out for high exposure to non-retail loans of the company

L&T Finance Holdings hits 52-week low post September quarter results

The stock slipped 13% to Rs 111, also its 52-week low on the BSE in early morning trade, on the back of heavy volumes.

L&T Finance Holdings rallies 11% on strong Q1 earnings

The stock rallied 11% to Rs 172 after the company reported a healthy 71% yoy growth in consolidated net profit at Rs 5.38 billion driven by strong AUM growth and flat credit costs in June 2018 quarter

L&T Finance Holdings Q1 net profit rises 71% to Rs 5.38 billion

Its loan book comprising rural, housing and wholesale segment grew 27 per cent to Rs 853.80 billion at the end of June 2018

L&T Finance Holdings up 3% on preferential issue to L&T; QIP opens

The stock was trading 3% higher at Rs 163 on the BSE after the company said it has raised almost Rs 20 billion from preferential allotment of shares to its promoter Larsen & Toubro

L&T Finance Holdings plans to raise Rs 40 bn via QIP, appoints four bankers

L&T Finance Holdings, a subsidiary of Larsen & Toubro (L&T), plans to tap the market for a qualified institutional placement (QIP). The non-banking financial firm has appointed four investment bankers - Citi, Edelweiss, Motilal Oswal and JM Financial -- to manage the placement, said sources. The issue size could not be ascertained but is expected to be in the region of Rs 30-40 billion. The board of directors of the company will meet January 25 to approve the unaudited financial results for the quarter ended December. "As a matter of policy we do not comment on market speculation," said the company in an email response. In the past one year, the share price of L&T Finance Holdings has surged 77 per cent against 29 per cent gains made by the 30-share BSE benchmark Sensex. The company had listed in August 2011 and has since gained 243 per cent. On Thursday, the shares slid 1.3 per cent to Rs 171.3. L&T Finance Holdings is among the top five NBFCs, with a market ...

L&T Finance Holdings hits record high on stellar Q1 results

So far in 2017, the stock surged 95%, as compared to 26% rise in the S&P BSE Sensex

L&T Finance junks stake-sale plan for mutual fund arm, eyes IPO

The groundwork for the IPO has begun and the company is in the preliminary price-discovery mode

L&T Finance Holdings and group to raise Rs 15,000 cr for IPO finance

L&T Finance Holdings (LTFHL) and its subsidiaries will raise a little over Rs 15,000 crore through commercial paper, a short-term money market instrument, and bonds to predominantly finance Initial Public Offers of equity. LTFHL, through its subsidiaries, is into services across rural, housing and wholesale finance businesses. Its group entities also offer fund management and non-fund based services such as insurance and mutual fund distribution.The entities rasing money through commercial paper are -- L&T Finance up to Rs 9,000 crore, L&T Infrastructure Finance, Rs 5,000 crore and L&T Housing Finance, Rs 1,000 crore. LTFHL is raising about Rs 250 crore through debentures, according to rating agency ICRA.Generally, finance companies raise resources over a period in one or more tranches, based on assessment of requirements, said a senior official with a merchant banking entity that arranges issues. On a consolidated basis, for 2016-17, LTFHL reported a net

L&T finance Q3 profit rises 28% to Rs 271 crore

Company's consolidated net profit was at Rs 212 crore in the year-ago

L&T Finance aims to offload PE portfolio

The company will also consolidate its retail financing business under one corporate body