L Finance Holdings profit grows 9
L Finance Holdings saw its fourth quarter consolidated net profit rise 9.35 per cen adidas trainers t to crore, from crore a year ago. The non banking finance company income grew 25 per cent during the quarter to crore.
The board of directors has recommended a dividend of per equity share of each.
This has been driven by focussing on rural, vehicle and housing finance segments in retail business, and pursuing operational assets in the wholesale business, the company said in a statement.
Rising Bad LoansGross non performing assets of the company accelerated to 3.18 per cent (2.03 per cent in Q4 FY13) and net non performing assets zoomed to 2.29 per cent (1.26 per cent) reflecting a prolonged slowdown in the economic activity in areas where the company is present in.
N Sivaraman, President and whole time adidas trainers director, L Finance Holdings, said: rise i adidas trainers n NPAs has bee adidas trainers n on account of two accounts in the wholesale category. We will try to revive those assets or sell them. He did not specify on any timeline for selling those assets.