STOCK IDEA
STOCK IDEA L&T Finance Holdings Asset quality improves Focus on B2C products in the retail business and operational projects in the wholesale segment L&T Finance Holdings conducted an analyst meet on 24 April 2015 to discuss the results for the quarter ended March 2015Chairman and Managing Director Y M Deosthalee and President and Wholetime Director N Sivaraman addressed the cal.: Highlights: Consolidated net profit of L&T Finance Holdings grew 10% to Rs 205.56 crore in the quarter ended March 2015 over a year ago. The profit growth was aided by healthy margin, increased fee income, stable capex and improvement in asset quality. The net interest margin of the lending business improved to 5.71% from 5.66% in the December 2014 quarter and 5.62% in the same quarter a year ago. Gross non-performing assets (NPAs) declined to 2.25% end March 2015 compared with 3.01% end December 2014. Net NPAs dipped to 1.26% at end March 2015 as against 1.98% end December 2014. This improvement ...