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L&T Finance Holdings Q1 profit jumps 20% to Rs 178 crore


L&T Finance Holdings Q1 profit jumps 20% to Rs 178 crore
The non-banking financial company had registered Rs 148 crore profit in the year-ago period, adding that COVID-related partial lockdowns in April and May had an impact on a few businesses during the quarter under review
Due to slower industry pick-up, the micro loans, housing and real estate business saw moderate uptick in collections and disbursements, it said
PTI
Updated Jul 17, 2021, 9:59 AM IST
L&T Finance Holdings on Friday reported 20 per cent rise in net profit at Rs 178 crore for June quarter 2021-22, mainly driven by rural demand for farm equipment. The non-banking financial company had registered Rs 148 crore profit in the year-ago period. ....

Dinanath Dubhashi , Lt Finance Holdings On , ல்ட் நிதி ஹோல்டிங்ஸ் ஆன் ,

Markets likely to consolidate; Maruti, L&T Infotech in focus


Markets likely to consolidate; Maruti, L&T Infotech in focus
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Indian stocks fell for the second straight day on Monday, extending Friday’s decline. REUTERS/Kham/File Photo
(REUTERS)
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Indian stock markets are likely to consolidate on Tuesday while trends in SGX Nifty suggest a positive opening of domesticbenchmark indices. On Monday, the BSE Sensex closed at 48,564.27, down 470.40 points or 0.96%. The Nifty ended at 14,281.30, down 152.40 points or 1.06%.
Asian share markets edged ahead on Tuesday as investors wagered China’s economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West. Data out on Monday had confirmed China’s economy was one of the few in the world to grow over 2020 and actually picked up speed as the year closed. ....

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