New Delhi: Larsen & Toubro finance holdings reported a 15% increase in year-on-year consolidated net profit at 237 cr in the fourth quarter which ended on March 31, 2016, as compared with 206 cr the year-ago quarter.
 
The financial holding company’s net profit was almost flat at 857 cr. The board of directors of the company recommended dividend of 0.80 per equity share of face value 10 each.
 
Larsen & Toubro, is registered with the Reserve Bank of India as a ‘non-deposit taking, systemically important, core investment company’, has seven wholly-owned subsidiaries, including L&T Finance, L&T Infrastructure Finance Company, L&T Investment Management, L&T Capital Markets, and L&T Housing Finance.