{"id":283614,"date":"2019-07-22T05:41:03","date_gmt":"2019-07-22T05:41:03","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=283614"},"modified":"2019-07-22T05:55:26","modified_gmt":"2019-07-22T05:55:26","slug":"lt-finance-puts-ilfs-saga-behind-it-posts-2-rise-in-profit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-finance-puts-ilfs-saga-behind-it-posts-2-rise-in-profit\/","title":{"rendered":"L&amp;T Finance puts IL&amp;FS saga behind it; posts 2% rise in profit"},"content":{"rendered":"<p>Diversified non-banking financial company L&amp;T Finance registered a 2 per cent increase in profit after tax at Rs. 549 crore in the June quarter, against Rs. 538 crore posted in the corresponding quarter a year ago.<\/p>\n<p>Total income grew 16.37 per cent to Rs. 3,689.50 crore ( Rs. 3,170.42 crore). Net interest margin and fees increased 6.76 per cent for the first quarter of the fiscal, against 6.58 per cent a year ago. \u201cThis was after normalising the impact of Infrastructure Leasing and Financial Services,\u201d L&amp;T Finance said in a statement on Friday.<\/p>\n<p>The company said its lending book grew by 16 per cent to Rs. 99,904 crore ( Rs. 86,321 crore). Its provision coverage was at 60.83 per cent in the quarter under review, compared to 61.99 per cent a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diversified non-banking financial company L&amp;T Finance registered a 2 per cent increase in profit after tax at Rs. 549 crore in the June quarter, against Rs. 538 crore posted in the corresponding quarter a year ago. Total income grew 16.37 per cent to Rs. 3,689.50 crore ( Rs. 3,170.42 crore). Net interest margin and fees increased 6.76 per cent for the first quarter of the fiscal, against 6.58 per cent a year ago. \u201cThis was after normalising the impact of Infrastructure Leasing and Financial Services,\u201d L&amp;T Finance said in a statement on Friday. The company said its lending book grew [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-283614","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=283614"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283614\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=283614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=283614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=283614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}