Companies

L&T Finance Holdings sheds nearly 5 per cent

Our Bureau Mumbai | Updated on January 18, 2021

L&T Finance Holdings lost nearly 5 per cent during the morning trade on Monday after reporting a 51 per cent drop in its consolidated net profit for the third quarter this fiscal.

At 10:15 am, the shares of the company were trading at ₹100.00 on the BSE, down ₹5.10 or 4.85 per cent. L&T Finance Holdings opened at ₹102.90 as against previous close of ₹105.10. It hit an intraday high of ₹103.55 and an intraday low of ₹98.65.

On the NSE, the company’s shares were trading at ₹100.05, down ₹5.20 or 4.94 per cent. The company on Friday reported 51 per cent drop in its consolidated net profit at ₹290.66 crore from a year ago.

It had a net profit of ₹591.03 crore in the same period a year ago, and ₹265.12 crore in the second quarter this fiscal.

Published on January 18, 2021

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