The reason given, a likely disruption in assets under management and earnings per share growth in the near term due to sectoral headwinds in microfinance. Which of course is a sub-segment of finance.
But L&T Finance is not alone.
India's Bajaj Finance reported lower than expected second-quarter profit on Tuesday as it set aside more funds for potential bad loans.
The company reported a consolidated profit after tax of Rs 4,014 crore in the three months to Sept. 30. Analysts, on average, had expected Rs 4,343 crore, as per estimates compiled by LSEG and reported by Reuters.
Esta historia es de la edición October 23, 2024 de The Free Press Journal.
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Esta historia es de la edición October 23, 2024 de The Free Press Journal.
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