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L&T Finance slips after Q4 PAT skids 31% YoY | Business Standard News

L&T Finance Holdings (LTFH) slipped 1.39% to Rs 88.65 after the company s consolidated net profit dropped 30.9% to Rs 265.97 crore on 4.7% rise in total income to Rs 3,587.18 crore in Q4 FY21 over Q4 FY20.The company said that the quarter continued to see economic recovery across sectors led by rural and infrastructure space, which helped its businesses. The company s rural franchise was strengthened with highest ever quarterly disbursements, with leadership positions in farm & two-wheeler financing. The company s infra finance segment witnessed robust sell down momentum which touched Rs 979 crore in the quarter and NIMs+fees increased to 8.17%, duly aided by lowest ever quarterly WAC at 7.65%.

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