L&T Finance Holdings presented its financial performance for Q3 ending 31 December 2012 with Consolidated Profit growing by 26.91 per cent . Loans & Advances grew by 30.77 per cent year on year basis to Rs 31,230.5 crores, while consolidated PAT grew by 214.78per cent to Rs 294.6 crores for the quarter, and by 77.98per cent to Rs 559.0 crores for the nine-month-period.
Speaking on the occasion N Sivaraman, president, L&T Finance Holdings, on Tuesday said that Gross NPAs stood at 2.39per cent (Rs 726.5 crores) of loan assets upto 31 December 2012, as compared to 2.20 per cent (Rs 512.9 crores) in the previous corresponding year, while Net NPAs were 1.56per cent (Rs 469.8 crores) of loan assets by 31 December 2012.‘We are confident that most of the corporates in these NPAs – which are under stress due to deteriorating cash flows and higher working capital requirement, will come back to normal,’ he said.
Speaking on the occasion N Sivaraman, president, L&T Finance Holdings, on Tuesday said that Gross NPAs stood at 2.39per cent (Rs 726.5 crores) of loan assets upto 31 December 2012, as compared to 2.20 per cent (Rs 512.9 crores) in the previous corresponding year, while Net NPAs were 1.56per cent (Rs 469.8 crores) of loan assets by 31 December 2012.‘We are confident that most of the corporates in these NPAs – which are under stress due to deteriorating cash flows and higher working capital requirement, will come back to normal,’ he said.