Diversified Financial Services
Company Overview of L&T Finance Limited
L&T Finance Limited provides financial products and services for trade, industry, and agriculture in India. The company offers home and top up loans, loans against property, and balance transfer facility; car and two wheeler loans; and light and small, and medium and heavy commercial vehicle loans. It is also involved in the provision of dealer finance, vendor finance, term loans, and genset loans; loans against securities, employee stock option financing, and IPO financing activities; working capital financing, corporate loans and leases, non-convertible debentures and commercial papers, and operating and financing leases. In addition, the company offers tractor, other farm equipment, and h...
Founded in 1994
Key Executives for L&T Finance Limited
Chief Executive Officer, Managing Director, Director, Member of Nomination & Compensation Committee, Member of Committee of Directors, Member of Asset-Liability Management Committee, Member of Credit Committee, Member of Risk Management Committee, Member of Investment Committee and Member of Corporate Social Responsibility Committee
National Credit Head of Retail Group and Senior Vice President
Head of Farm Equipment Financing
National Head of Debt Service Management
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
May 23 16
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
Apr 29 16
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
Apr 24 16
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.
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