L&T Finance Q2 net profit rises 33% to Rs 975 crore

What happened: L&T Finance reported Q2 net profit rose 33% to Rs 975 crore, with consolidated loan book at Rs 1.36 lakh crore, up 28% year-on-year. Key numbers: Net profit Rs 975 crore, up 33%. Loan book Rs 1.36 lakh crore, up 28% YoY. NIM 10.48% vs 10.22%. Gross NPLs 2.7% vs 3.2%. Why it matters: MD and CEO Sudipta Roy expects AUM growth momentum of around 20% to continue in Q3, and said the company will maintain NIM in the 10-10.50% band. Coverage: 6 outlets in 24h

L&T Finance reported Q2 net profit rose 33% to Rs 975 crore, with consolidated loan book at Rs 1.36 lakh crore, up 28% year-on-year.

MD and CEO Sudipta Roy expects AUM growth momentum of around 20% to continue in Q3, and said the company will maintain NIM in the 10-10.50% band.