September 30, 2016 11:28 PM ET

Diversified Financial Services

Company Overview of L&T Finance Limited

Company Overview

L&T Finance Limited provides various financial products and services for trade, industry, and agriculture in India. The company provides home loans; personal vehicle loans; leases, working capital finance services, and term loans, as well as debt through subscription to non convertible debentures and commercial papers; and loans against securities, and employee stock option and IPO financing services. It also offers tractor loans, harvester loans, other farm equipment loans, and joint liability and micro individual loans. The company was founded in 1994 and is based in Mumbai, India. L&T Finance Limited is a subsidiary of L&T Finance Holdings Limited.

Brindavan

CST Road

Near Mercedes Showroom

Kalina, Santacruz – East

Mumbai,  400098

India

Founded in 1994

7,078 Employees

Key Executives for L&T Finance Limited

Senior Vice President
Head of Risk for Retail and SME
Age: 49
Head of Farm Equipment Financing
National Head of Debt Service Management
Business Head of Two Wheeler Finance
Compensation as of Fiscal Year 2016.

L&T Finance Limited Key Developments

L&T Finance Ltd Intends to Issue Secured, Redeemable and Non - Convertible Debentures

L&T Finance Ltd. announced that the company intends to issue Secured, Redeemable, Non - Convertible Debentures of INR 500 million with an option to retain over - subscription up to INR 500 million, an overall amount aggregating to INR 1,000 million (Series "C" of Fiscal Year 2016-17) on private placement basis.

L&T Finance Ltd. Reports Standalone Unaudited Earnings Results for the Six Months and Audited Earnings Results for the Year Ended March 31, 2016

L&T Finance Ltd. reported standalone unaudited earnings results for the six months and audited earnings results for the year ended March 31, 2016. For the six months, the company reported total income of INR 11,222.128 million against INR 11,814.680 million a year ago. Profit from ordinary activities before tax was INR 1,359.887 million against INR 2,048.043 million a year ago. Net profit was INR 881.156 million or INR 3.70 per diluted share against INR 1,366.497 million or INR 5.73 per diluted share a year ago. Return on assets (not annualised) was 0.57% against 0.84% a year ago. For the full year, the company reported total income of INR 23,519.927 million against INR 23,964.314 million a year ago. Profit from ordinary activities before tax was INR 3,175.883 million against INR 3,850.246 million a year ago. Net profit was INR 2,072.209 million or INR 8.69 per diluted share against INR 2,556.048 million or INR 10.72 per diluted share a year ago. Return on assets (not annualised) was 1.33% against 1.57% a year ago.

Larsen & Toubro Finance Seeks Acquisitions

L&T Finance Limited reported that it did not get the approval for a banking license and is now believed to be looking at the inorganic route to acquire banking license.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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