Both LTIM and HSBC AMC will work to ensure that there will be continuity of services to their investors and counterparties in the interim, the company said in a statement.
Optimistic in medium to long term; can’t see growth in Q1: Dinanath Dubhashi
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Last Updated: Apr 30, 2021, 03:41 PM IST
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“Waves or cycles happen over four or five years. This time it has happened over four quarters and hence every good company should not try to guess what will happen because guessing is of no use at all.”
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We will have to wait till maybe the first part of the second quarter to see how Covid develops. Over the medium to long term, I remain optimistic about the market as well as our strengths, says
L&T Finance Holdings (LTFH) slipped 1.39% to Rs 88.65 after the company s consolidated net profit dropped 30.9% to Rs 265.97 crore on 4.7% rise in total income to Rs 3,587.18 crore in Q4 FY21 over Q4 FY20.The company said that the quarter continued to see economic recovery across sectors led by rural and infrastructure space, which helped its businesses. The company s rural franchise was strengthened with highest ever quarterly disbursements, with leadership positions in farm & two-wheeler financing. The company s infra finance segment witnessed robust sell down momentum which touched Rs 979 crore in the quarter and NIMs+fees increased to 8.17%, duly aided by lowest ever quarterly WAC at 7.65%.