January 24, 2017 / 8:46 AM / 3 years ago

BRIEF-L&T Finance Holdings Dec-qtr consol profit up about 28 pct

Jan 24 (Reuters) - L&T Finance Holdings Ltd :

* Dec quarter consol net profit 2.71 billion rupees

* Dec quarter consol income from operations 20.94 billion rupees

* Consol net profit in Dec quarter last year was 2.12 billion rupees; consol income from operations was 18.20 billion rupees

* Says demonetization impacted the collections in the quarter

* Says impacted collections in the quarter especially in microfinance and farm businesses

* Reported GNPA has reduced by 12 bps considering the dispensation given by RBI

* In investment management business, average assets under management for quarter grew by 40 percent to 351.91 billion rupees in Q3FY17 Source text: bit.ly/2j8IGq2 Further company coverage:

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