L&T Finance’s Rural lending grew 29% year-on-year to Rs11,874 crore in the second quarter. Photo: BloombergMumbai: L&T Finance Holdings Ltd (LTFH) reported a net profit of Rs360 crore during the July-September quarter, up 45% from Rs248 crore a year ago, the firm announced on Thursday. Profit was driven by robust growth in its rural lending and housing finance business. Rural lending grew 29% year-on-year to Rs11,874 crore while the housing finance business reported a growth of 35% to Rs15,371 crore. Its renewable energy book rose from Rs10,635 crore to Rs14,333 crore year-on-year.

Source: Mint October 26, 2017 10:41 UTC