Company Profile

L&T FINANCE HOLDINGS LTD.

NSE : L&TFHBSE : 533519ISIN CODE : INE498L01015Industry : Finance - NBFCHouse : L&T
BSE85.05-1.95 (-2.24 % )
PREV CLOSE (Rs.) 87.00
OPEN PRICE (Rs.) 87.45
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 958829
TODAY'S LOW / HIGH (Rs.)84.70 88.00
52 WK LOW / HIGH (Rs.)47.25 113.4
NSE85.05 -1.95 (-2.24 % )
PREV CLOSE(Rs.) 87.00
OPEN PRICE (Rs.) 88.00
BID PRICE (QTY) 85.05 (4193 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 11584863
TODAY'S LOW / HIGH(Rs.) 84.70 88.10
52 WK LOW / HIGH (Rs.)47.25 113.4

Company News

Date Heading Details
30-Apr-2021 L&T Finance Holdings reports 31% fall in Q4 consolidated net profit <p align="justify">L&amp;T Finance Holdings has reported results for fourth quarter and year ended March 31, 2021.<p align="justify">The company has reported a fall of 82.68% in its net profit at Rs 58.87 crore for the quarter under review as compared to Rs 339.81 crore for the same quarter in the previous year. Total income of the company decreased by 69.69% at Rs 125.12 crore for Q4FY21 as compared Rs 412.75 crore for the corresponding quarter previous year.<p align="justify">On the consolidated basis, the company has reported a fall of 30.89% in its net profit attributable to owners at Rs 266.85 crore for the quarter under review as compared to Rs 386.15 crore for the same quarter in the previous year. However, total income of the company increased by 4.71% at Rs 3587.18 crore for Q4FY21 as compared Rs 3425.68 crore for the corresponding quarter previous year.<p align="justify">For the year ended March 31, 2021, the company has reported a fall of 56.50% in its net profit at Rs 116.05 crore as compared to Rs 266.81 crore for the previous year. Total income of the company decreased by 63.36% at Rs 191.42 crore for year under review as compared to Rs 522.38 crore for year ended March 31, 2020.<p align="justify">For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 42.89% in its net profit attributable to owners at Rs 970.94 crore as compared to Rs 1700.17 crore for the previous year. Total income of the company decreased by 2.74% at Rs 14080.10 crore for year under review as compared to Rs 14476.75 crore for year ended March 31, 2020.</p>
30-Apr-2021 L&T Finance Holdings declines on reporting 31% fall in Q4 consolidated net profit <p align="justify">L&amp;T Finance Holdings is currently trading at Rs. 88.70, down by 1.20 points or 1.33% from its previous closing of Rs. 89.90 on the BSE.<p align="justify">The scrip opened at Rs. 88.40 and has touched a high and low of Rs. 89.50 and Rs. 86.85 respectively. So far 584889 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 113.40 on 03-Mar-2021 and a 52 week low of Rs. 47.25 on 27-May-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 93.40 and Rs. 86.85 respectively. The current market cap of the company is Rs. 21914.06 crore.<p align="justify">The promoters holding in the company stood at 63.62%, while Institutions and Non-Institutions held 16.48% and 19.91% respectively.<p align="justify">L&amp;T Finance Holdings has reported a fall of 82.68% in its net profit at Rs 58.87 crore for the quarter ended March 31, 2021 as compared to Rs 339.81 crore for the same quarter in the previous year. Total income of the company decreased by 69.69% at Rs 125.12 crore for Q4FY21 as compared Rs 412.75 crore for the corresponding quarter previous year.<p align="justify">On the consolidated basis, the company has reported a fall of 30.89% in its net profit attributable to owners at Rs 266.85 crore for the quarter ended March 31, 2021 as compared to Rs 386.15 crore for the same quarter in the previous year. However, total income of the company increased by 4.71% at Rs 3587.18 crore for Q4FY21 as compared Rs 3425.68 crore for the corresponding quarter previous year.<p align="justify">For the year ended March 31, 2021, the company has reported a fall of 56.50% in its net profit at Rs 116.05 crore as compared to Rs 266.81 crore for the previous year. Total income of the company decreased by 63.36% at Rs 191.42 crore for year under review as compared to Rs 522.38 crore for year ended March 31, 2020.<p align="justify">For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 42.89% in its net profit attributable to owners at Rs 970.94 crore as compared to Rs 1700.17 crore for the previous year. Total income of the company decreased by 2.74% at Rs 14080.10 crore for year under review as compared to Rs 14476.75 crore for year ended March 31, 2020.</p>
28-Apr-2021 Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform the Exchange that the Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held on April 28, 2021 has approved the allotment of 11,35,524 (Eleven Lakh Thirty Five Thousand Five Hundred and Twenty Four) equity shares to those option grantees who had exercised their options under the ESOP schemes of the Company. The said equity shares will rank pari - passu with the existing equity shares of the Company in all respects.
12-Apr-2021 Change In The Chief Risk Officer Pursuant to the requirements of Reserve Bank of India ("RBI") circular no. RBl/2020-21/24 DoR (NBFC) (PD) CC. No. 117/03.10.001/2020-21 dated August 13, 2020 on guidelines for Core Investment Companies, the Board of Directors of L&T Finance Holdings Limited at its meeting held today i.e. April 12, 2021 has approved the appointment of Mr. Ashish Malani as the Chief Risk Officer of the Company in place of Mr. Tushar Patankar for a tenor of two years with effect from April 13, 2021.
12-Apr-2021 Scheme Of Amalgamation By Way Of Merger Between L&T Finance Limited, L&T Housing Finance Limited And L&T Infrastructure Finance Company Limited Scheme of Amalgamation by way of Merger between L&T Finance Limited, L&T Housing Finance Limited and L&T Infrastructure Finance Company Limited
07-Apr-2021 Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Pursuant to Regulation 30 read with Para A of Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we hereby inform the stock exchange that the Company will hold conference call with Institutional lnvestor(s) / Analyst(s) on April 30, 2021 at Mumbai, to discuss Q4 FY2021 and FY2021 financial performance and provide update on strategy. Further, the Institutional lnvestor(s) / Analyst(s) Presentation and transcript of the call will be hosted on the Company''s website at www.ltfs.com/investors.html.
06-Apr-2021 Board Meeting Intimation for Audited Financial Results (Standalone And Consolidated) For The Quarter And Financial Year Ended March 31 , 2021. L&T FINANCE HOLDINGS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/04/2021 ,inter alia, to consider and approve the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31 , 2021 . Further, as per the SEBI Listing Regulations, notice of the Board Meeting would be available on the website of the Company i.e. www.ltfs.com/investors.html, BSE Limited i.e. www.bseindia.com and National Stock Exchange of India Limited i.e. www.nseindia.com.
25-Mar-2021 Update On Scheme Of Amalgamation This has reference to our letter dated March 20, 2020, with respect to the scheme of amalgamation by way of merger by absorption involving amalgamation by way of merger by absorption of L&T Housing Finance Limited ('LTHFL') and L&T Infrastructure Finance Company Limited ('LTIFC' and together with LTHFL, the 'Transferor Companies') with L&T Finance Limited ('LTFL/ Transferee Company'), all wholly owned subsidiaries of L&T Finance Holdings Limited ('LTFH/ Company'), under Sections 230 to 232 of the Companies Act, 2013. In relation to the aforesaid please find enclosed the following updates.
25-Mar-2021 Update On Scheme Of Amalgamation This has reference to our letter dated March 20, 2020, with respect to the scheme of amalgamation by way of merger by absorption involving amalgamation by way of merger by absorption of L&T Housing Finance Limited ('LTHFL') and L&T Infrastructure Finance Company Limited ('LTIFC' and together with LTHFL, the 'Transferor Companies') with L&T Finance Limited ('LTFL/ Transferee Company'), all wholly owned subsidiaries of L&T Finance Holdings Limited ('LTFH/ Company'), under Sections 230 to 232 of the Companies Act, 2013. In relation to the aforesaid please find enclosed the following updates.
19-Mar-2021 Intimation Of Re-Appointment Of Mr. Dinanath Dubhashi As The Managing Director & Chief Executive Officer Of The Company Please find below the disclosure pursuant to Regulation 30 read with Schedule Ill Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Based on the recommendation of the Nomination & Remuneration Committee of the Company, the Board of Directors at its meeting held today i.e. March 19, 2021 has approved the reappointment of Mr. Dinanath Dubhashi (DIN: 03545900) as the Managing Director and Chief Executive Officer of the Company for a further period of five years i.e., from April 14, 2021 to April 13, 2026, subject to the approval of shareholders and such other approvals, as may be required. Mr. Dinanath Dubhashi is not debarred from holding the office of directors by virtue of any SEBI order or any other such authority. The disclosures required to be given pursuant to SEBI circular CIR/CFD/CMD/4/2015 dated September 9, 2015 are enclosed.