L&T Finance Holdings Limited reported unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis, the company's net profit from ordinary activities after tax was INR 1,892.230 million compared to INR 76.306 million for the last year. Income from operations was INR 109.584 million compared to INR 200.186 million for the last year. Profit from operations before other income, finance costs and exceptional items was INR 11.098 million compared to INR 106.990 million for the last year. Profit from ordinary activities before tax was INR 2,342.444 million compared to INR 146.925 million for the last year. Basic and diluted EPS before and after extraordinary items was INR 1.10 compared to INR 0.04 for the last year.

For the nine months, on standalone basis, the company's net profit from ordinary activities after tax was INR 2,053.287 million compared to INR 112.817 million for the last year. Income from operations was INR 443.185 million compared to INR 408.878 million for the last year. Profit from operations before other income, finance costs and exceptional items was INR 190.094 million compared to INR 293.708 million for the last year. Profit from ordinary activities before tax was INR 2,599.455 million, compared to INR 205.936 million for the last year. Basic and diluted EPS before and after extraordinary items was INR 1.20 compared to INR 0.07 for the last year.

For the quarter, on a consolidated basis, the company's profit after tax grew by 214.78% to INR 2,946 million. Profit after tax excluding exceptional items or the quarter grew by 26.91% to INR 1,188 million. The company attributed the growth to improved margins and tight control over operating expenses, though it was offset to some extent by an increase in credit costs. Earnings were also helped by an exceptional item amounting to INR 1,758 million (net of tax) during the quarter, which includes profit on sale of a stake in Federal Bank and costs related to the integration of Fidelity's mutual fund business. The company's total income rose 27.34% to INR 9,832.5 million.

For the nine months, on a consolidated basis, the company's profit after tax was INR 5,590 million compared to INR 3,141 million for the same period in fiscal 2012, representing a growth of 77.98%. This growth in the reported profit is after considering exceptional items amounting to INR 1,758 million(net of tax), which includes profit on sale of stake in Federal Bank and costs related to integration of Fidelity's mutual fund business. Profit after tax excluding exceptional items or the quarter grew by 22.00% to INR 3,832 million compared to INR 3,141 million for the same period a year ago.