L&T Finance profit rises; related party transactions disclosed
LTF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts less than Nifty Midcap 150 and 1.1 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Consolidated Q2 profit after tax rose 5.5% to Rs 734.88 crore and revenue rose 7.9% to Rs 4,335.75 crore. For the first half, profit was Rs 1,435.72 crore, up 3.9%, and revenue was Rs 8,595.32 crore, up 10.1%. Auditors reported no material issue. Net operating cash outflow was Rs 4,140.82 crore, standalone debt-to-equity was 3.75, and related party transactions were disclosed.
Modest profit growth supports sentiment, but the operating cash outflow, 3.75 debt-to-equity ratio and related party disclosure warrant monitoring.