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L&T Finance Q2 profit falls 69% to Rs 174 crore

The consolidated interest income for the quarter stood at Rs 3,294 crore against Rs 2,822 crore reported for the same quarter last year.

ETMarkets.com|
Oct 18, 2019, 08.23 PM IST
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The firm had posted Rs 560 crore profit for the same quarter last year.
L&T Finance on Friday posted a 68.92 per cent year-on-year (YoY) drop in net profit at Rs 174 crore for the quarter ended September 2019. The firm had posted Rs 560 crore profit for the same quarter last year.

The profit figure fell on account of one-time adjustment for DTA. Pre-DTA adjusted PAT stood at Rs 647 crore.

The consolidated interest income for the quarter stood at Rs 3,294 crore against Rs 2,822 crore reported in the same quarter last year.
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