L&T Finance Holdings (L&TFH) has reported a 25 per cent increase in its consolidated net profit at Rs 121 crore for the quarter ended June 30, 2012, as against Rs 96 crore in the year-ago period.
A break up of L&TFH’s net profit shows that L&T Infra contributed Rs 74 crore (Rs 63 crore in the year-ago period) to its bottom line; L&T Finance: Rs 46 crore (Rs 44 crore); L&T Fincorp: Rs 7 crore (Rs 4 crore); and L&T Investment Management: loss of Rs 6 crore (loss of Rs 4 crore).
L&TFH is registered with the Reserve Bank of India as a non-deposit taking, systemically important non-banking finance company. It has applied to the RBI for registration as a non-deposit taking, core investment company in the non-banking finance company category.