New Delhi: Larsen and Toubro (L&T) Finance Holdings Ltd on Friday reported a rise of 7.8% in consolidated net profit at Rs.207.4 crore for first quarter ended June. The company’s consolidated net profit stood at Rs.192.46 crore in the April-June quarter of the previous fiscal. Standalone income also fell to Rs.23.46 crore from Rs.27.44 crore in the year-ago period. L&T Finance Holdings is a financial holding firm that offers financial services across the rural, housing and wholesale finance. On a standalone basis, the company posted a net profit of Rs.2.92 crore for the quarter under review, sharply down from Rs.21.67 crore a year ago.

Source: Mint July 22, 2016 18:46 UTC