L&T Finance Holdings Reports Mixed Financial Results in Q4 2023
Despite a positive financial performance in the quarter ending December 2023, L&T Finance Holdings has received a 'Hold' call from MarketsMOJO. The company's score has fallen from 17 to 7 in the last 3 months.However, there are some positive aspects to L&T Finance Holdings' financials for the quarter. The Profit Before Tax less Other Income (PBT) has grown by 147.56% Year on Year (YoY) to reach Rs 776.74 crore. The company has also been reducing its borrowing as compared to equity capital, with a Debt-Equity Ratio of 3.45 times, the lowest in the last five half yearly periods.
The company's Net Sales for the quarter were at their highest in the last five quarters, reaching Rs 3,533.96 crore. The Operating Profit (PBDIT) for the quarter was also at its highest in the last five quarters, at Rs 2,159.36 crore. The Operating Profit Margin has also improved, reaching its highest at 61.10% in the last five quarters.
On the other hand, the Profit After Tax (PAT) for the quarter has fallen by -33.3% Year on Year (YoY) to Rs 640.18 crore. This has resulted in a negative near term PAT trend.
Despite the mixed financial results, L&T Finance Holdings has shown an increasing profitability with the highest Earnings per Share (EPS) of Rs 2.57 in the last five quarters. This indicates that the company has created higher earnings for its shareholders.
Overall, L&T Finance Holdings has shown positive financial performance in the quarter ending December 2023, with some areas of improvement and some areas of concern. Investors are advised to hold their position and monitor the company's future financial results.
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