L&T Finance Holdings , a subsidiary of Larsen and Toubro , has reported a consolidated net profit of Rs 124 crore in the second quarter of FY12, a growth of 26% as compared to Rs 96 crore in the previous quarter.
Consolidated income from operations increased nearly 16% to Rs 716.9 crore from Rs 619.7 crore during the same period.
Company's standalone profit after tax stood at Rs 13.7 crore in the July-September quarter of FY12 as against loss of Rs 10 crore quarter-on-quarter.
Standalone income from operations for the second quarter stood at Rs 22.6 crore.
In a press conference, the company said its gross loan book has grown 43%. Its loan book stands at Rs 21,000 crore.
"We have Rs 193 crore MFI exposure in AP and more than 40% of AP MFI book has been provided for," company said.
Source: www.moneycontrol.com
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DENIP Consultants Pvt Ltd
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