L&T FINANCE Q2 Results Live : L&T FINANCE declared their Q2 results on 18 Oct, 2024, showcasing a robust performance with topline growth of 13.62% and a profit increase of 16.88% year-over-year. The results reflect the company’s ongoing strength in the financial sector.
In comparison to the previous quarter, the revenue grew by 5.48%, while profit saw a modest increase of 1.47%. This steady growth demonstrates L&T FINANCE’s resilience despite fluctuating market conditions.
However, the company faced challenges as Selling, General & Administrative expenses rose by 5.67% quarter-over-quarter and surged by 22.33% year-over-year. This increase in expenses could impact future profitability if not managed effectively.
The operating income witnessed a slight uptick of 2.2% quarter-over-quarter and a more substantial rise of 9.61% year-over-year, indicating operational efficiency amidst rising costs.
Earnings per share (EPS) for Q2 stood at ₹4.41, reflecting a noteworthy increase of 24.09% year-over-year. This growth in EPS is a positive sign for shareholders and investors alike.
Despite the positive quarterly results, L&T FINANCE has delivered a -0.64% return in the last week. However, the company posted a 3.17% return over the last 6 months and a 0.82% return year-to-date, indicating some recovery in stock performance.
As of now, L&T FINANCE boasts a market cap of ₹41,480.9 Cr, with a 52-week high of ₹194.25 and a low of ₹126.6. This range reflects the stock’s volatility over the past year.
Analyst sentiment appears mixed, with 17 analysts covering the stock. Among them, 1 analyst has a Strong Sell rating, 1 analyst has a Sell rating, 1 analyst holds a Hold rating, while 8 analysts have given a Buy rating and 6 analysts have rated it as Strong Buy. The consensus recommendation as of 19 Oct, 2024, is to Buy.
