L&T Finance Holdings (LTFH) on Wednesday reported a 10 per cent decline in its consolidated net profit at Rs 223 crore for the second quarter ended September 2021.
The non-banking financial company had posted a net profit of Rs 248 crore in the corresponding period of the previous financial year.
Total income during July-September 2021 fell to Rs 3,134.46 crore against Rs 3,508.91 crore in the year-ago period, LTFH said in a regulatory filing.
LTFH said it witnessed the highest-ever disbursement in rural finance during the reported quarter, while retail disbursements grew 55 per cent quarter-on-quarter.
In the second quarter of FY22, all LTFH businesses witnessed robust disbursement momentum. Rural finance business saw the highest-ever Q2 disbursement at Rs 4,987 crore, a jump of 51 per cent quarter-on-quarter, it said.
Jubilant profit jumps
Jubilant Foodworks on Wednesday reported a 58.11 per cent jump in consolidated net profit at Rs 119.82 crore for the second quarter ended September 30, 2021, driven by continued strong momentum in delivery and takeaway channels.
The company, which operates popular fast food chains such as Domino’s Pizza and Dunkin’ Donuts in India, logged a profit of Rs 75.78 crore in the year-ago period.
Revenue from operations stood at Rs 1,116.19 crore compared with Rs 816.33 crore in the same period a year ago.
Tata Steel BSL
Tata Steel BSL has reported a five-fold jump in its consolidated net profit at Rs 1,837.03 crore for the September 2021 quarter, mainly on account of higher income.
The company had clocked a net profit of Rs 341.71 crore a year ago. Total income rose to Rs 8,329.68 crore from Rs 5,545.35 crore a year ago.
Expenses stood at Rs 6,492.97 crore against Rs 5,203.33 crore a year ago.
