L&T Finance Holdings Q4FY22 and Year Ended result : Profit grew 28% to ₹342 Cr

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L&T Finance Holdings Ltd. (LTFH) is a financial holding company offering a focused range of financial products and services across rural housing and wholesale finance sectors as well as mutual fund products and wealth management services through its wholly-owned subsidiaries viz. L&T Finance Ltd. L&T Housing Finance Ltd. L&T Infrastructure Finance Company Ltd. L&T Investment Management Ltd. L&T Capital Markets Ltd. and L&T Infra Debt Fund Ltd.

LTFH is registered with RBI as a CIC-ND-SI. LTFH is promoted by Larsen & Toubro Ltd. (L&T) one of the leading companies in India with interests in engineering construction electrical & electronics manufacturing & services IT and financial services. As of March 31 2018 the Company had 11 subsidiaries (including step down subsidiaries). The company has posted its Q4FY22 and year ended financial results today, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹ 3067.16 crore in the quarter ended on March 31, 2022 as against ₹ 3491.39 crore in the corresponding quarter ended last year on Mar 31, 2021, decreased by 12.15 %.

The company has posted a consolidated Net Profit of ₹ 342.24 crore in the quarter ended on March 31, 2022 as against ₹ 266.85 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges up by 28.25%.

The status of the EPS of the company stood at ₹ 1.39  as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹1.17, up by 18.80%.

₹*Mar 31, 2022 (Q4FY22)Dec 31, 21 (Q3FY22)Mar 31, 21 (Q4)
Total Income3,067.163,099.123,491.39
Total Expenses2,648.052,730.022,839.32
PBT /(Loss)419.11369.1O652.07
Total Tax /(credit)128.93112.6442.39
PAT /(Loss) [to the owners]290.18256.50209.68
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹ 12323.55 crore in the financial year ended on March 31, 2022 as against ₹ 13753.33 crore for the financial year ended on Mar 31, 2021, decreased by 10.40 %.

The company has posted a consolidated Net Profit of ₹ 1070.11 crore in the financial year ended on March 31, 2022 as against ₹ 970.94 crore for the financial year ended on March 31, 2021. The PAT surges upby 10.21 %.

The status of the EPS of the company stood at ₹ 4.32 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹4.47, down by 3.36%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income12,323.5513,753.33
Total Expenses11,100.7012,717.60
PBT /(Loss)1,222.851,261.34
Total Tax /(credit)373.62523.11
PAT /(Loss)849.23738.23
*figures are in Crores

(III) Key Highlights about the Performance :

  • Increase in NIM+ Fees to 8.17%, up 7 bps QoQ and on same levels as Q4FY21. NIMs + Fees for FY22 at 7.84%, up 89 bps YoY
  • Reduction in credit costs to Rs. 651 Cr for the quarter, down 7% QoQ and on same levels as last year same quarter
  • Increase in PAT to Rs. 342 Cr, up 28% YoY and 5% QoQ

Shares of L&T Finance Holdings Ltd was last traded in BSE at ₹87.55 as compared to the previous close of ₹88.10. The total number of shares traded during the day was 1493533 in over 6396 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 90.65
  • Intraday low of ₹ 87.05