May 24, 2013 4:05 AM ET

Diversified Financial Services

Company Overview of L&T Finance Ltd.

Company Overview

L&T Finance Limited provides financial products and services for trade, industry, and agriculture in India. Its products include construction equipment finance, commercial vehicle finance, rural finance, microfinance, working capital finance, corporate finance, loan against securities, project finance, and insurance and mutual funds, as well as transportation equipment finance. The company also offers investment products and portfolio management services. L&T Finance Limited focuses on segments, including corporate products, construction equipment, CVs, and tractors. It serves the corporate, retail, and infrastructure finance sectors. The company was founded in 1994 and is based in Mumbai, I...

Detailed Description

The Metropolitan, 8th Floor

C-26/27, E-Block

Bandra - Kurla complex

Bandra (East)

Mumbai,  400051

India

Founded in 1994

Phone:

91 22 6737 2951

Fax:

91 22 6737 2900

www.ltfinance.com

Key Executives for L&T Finance Ltd.

Chief Executive Officer
Age: 46
Senior Vice President
Chairman of L & T
Age: 70
Vice President of Corporate Finance Group
Age: 48
Compliance Officer and Secretary
Compensation as of Fiscal Year 2012.

L&T Finance Ltd. Key Developments

L&T Finance Ltd Intends to Issue Secured, Redeemable, Non-Convertible Debentures of INR 750 Million

L&T Finance Ltd. has informed that the Company intends to issue Secured, Redeemable, Non-Convertible Debentures of INR 750 million with an option to retain over-subscription up to INR 750 million, an overall amount aggregating to INR 1,500 million on private placement basis.

L&T Finance Ltd Intends to Issue Secured, Redeemable, Non-Convertible Debentures of INR 1,000 Million

L&T Finance Ltd. informed that the company intends to issue secured, redeemable, non-convertible debentures of INR 1,000 million with an option to retain over-subscription up to INR 1,000 million, an overall amount aggregating to INR 2,000 million on private placement basis.

L&T Finance Ltd. Reports Audited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2013

L&T Finance Ltd. reported audited earnings results for the fourth quarter and full year ended March 31, 2013. For the fourth quarter, the company reported total income of INR 29.355 million against INR 91.465 million a year ago. Profit from ordinary activities before tax was INR 1,684.408 million against INR 1,604.083 million a year ago. Profit from ordinary activities after tax was INR 1,132.308 million against INR 1,082.972 million a year ago. Net profit for the period was INR 1,132.3 million against INR 1,082.972 million a year ago. Diluted earnings per share was INR 4.75 against INR 4.54 a year ago. For the full year, the company reported total income of INR 84.125 million against INR 117.22 million a year ago. Profit from ordinary activities before tax was 1,990.131 million a year ago. Net profit for the period was INR 2,110.286 million against INR 1,990.13 million a year ago. Diluted earnings per share was INR 8.85 against INR 8.42 a year ago.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
October 27, 2012
Soma Enterprise Ltd.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
Rush University United States
Citizens Budget Commission United States

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact L&T Finance Ltd., please visit www.ltfinance.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.