Buy L&T Finance Holdings, target price Rs 100: Emkay Global

Emkay Global has buy call on L&T Finance Holdings with a target price of Rs 100. The current market price of L&T Finance Holdings is Rs 70.4. Time period given by analyst is one year when L&T Finance Holdings Ltd. price can reach defined target.

L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 17417.21 Crore) operating in NBFC sector.

L&T Finance Holdings Ltd. key Products/Revenue Segments include Dividend, Interest for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 3067.16 Crore, down -1.03 % from last quarter Total Income of Rs 3099.12 Crore and down -14.50 % from last year same quarter Total Income of Rs 3587.18 Crore. Company reported net profit after tax of Rs 341.35 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 66.26 per cent stake in the company as of 31-Mar-2022, while FIIs owned 6.91 per cent, DIIs 4.57 per cent.