India's L&T Finance climbs after quarterly profit rise
13/07/2026 05:24
BUZZ-India's L&T Finance climbs after quarterly profit rise ** Shares of L&T Finance LTFL.NS up 3.5% at 332.6 rupees
** Non-bank lender's June-quarter consol net profit rises 28.7% to 9.02 billion rupees ($94.19 million)
** June-quarter consol total rev from ops up 22.4% at 22.4 billion rupees
** JM Financial ("Add"; PT: 305 rupees) says co's asset quality and borrower leverage trends continued to improve in the quarter
** Stock rated "Buy" on average by 19 analysts; median PT at 335 rupees
** YTD, stock up 4.8%
($1 = 95.7675 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)
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