Despite its massive outperformanceL&T Finance Holdings gained 85% during the last one year compared to the 15% gain in the Sensexanalysts continue to be bullish on the counter. This is because the company has shown robust performance in the past four quarters.
Despite the ongoing restructuring, L&T Finance Holdings’ gross loan increased 14% year-on-year (y-o-y) in the fourth quarter of 2016-17, contributed mostly by an impressive 20% y-o-y growth in its core segments housing, wholesale and rural. While housing finance reported a y-oy growth of 28%, wholesale and rural financing grew 19% and 16% respectively. The company’s net interest income and net profit for the quarter also grew 21% and 34% respectively.
Improvement in a…
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