New Delhi, Apr 29 (PTI) L&T Finance Holdings (LTFH) on Friday reported a 28 per cent rise in its consolidated net profit at Rs 342 crore for the quarter ended March.

The company had posted a net profit of Rs 266 crore in the year-ago period.

Also Read | RPSC Recruitment 2022: Vacancies Announced for 6000 School Lecturer Posts at rpsc.rajasthan.gov.in; Check Details Here.

However, the total income declined to Rs 2,946.78 crore in the quarter under review, against Rs 3,322.55 crore in the same period a year ago, LTFH said in a regulatory filing.

The company's board has recommended a dividend of 50 paise per share of face value of Rs 10 each.

Also Read | Tecno Phantom X With 4,700mAh Battery Launched in India at Rs 25,999.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)