L&T Finance Holdings Q1 results show revenue fell from 3417.53 crores to 3376.78 crores, a -1.19% decrease in growth. EPS rise from ₹2.02 to ₹2.13, up by 5.45%.
First, Let’s Begin with Quarter-on-Quarter Basis:
L&T Finance Holdings shared its Q1 results on Tuesday. They earned 3376.78 crores in revenue this quarter, but that’s less than the 3417.53 crores they made last quarter. Unfortunately, the company’s growth decreased by -1.19 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 530.93 crores, up from 501.08 crores in the previous quarter. Their quarter-to-quarter growth increased by 5.96 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹2.13, which is an increase of 5.45% from the ₹2.02 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 3376.78 crores this year (2023), which is 7.68 percent higher than last year’s total revenue of 3135.80 crores.
This year’s PAT (Profit After Tax) is 530.93 crores, which is also 102.57% higher than last year’s PAT of 262.10 crores.
The EPS (Earnings Per Share) for this year is ₹2.13, which is 99.07% more than the EPS of ₹1.07 earned last year.
Also Read: Tata Communications Q1FY24 Results: Consolidated PAT of Rs. 381.69 Cr
L&T Finance Holdings Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About L&T Finance Holdings :
L&T Finance Holdings Limited operates as a financial holding company. They provide a wide array of financial products and services catering to the corporate, retail, and infrastructure finance sectors. Additionally, the company offers fund products and investment services to meet various financial needs.
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