L&TFH2020-04-012020-06-30in-bse-fin:OneOperatingExpenses01Member L&TFH2020-04-012020-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares L&TFH 2020-04-01 2021-03-31 2020-07-07 INR Crores First quarter Single segment Core Investment Company 2020-04-01 2020-06-30 Unaudited Standalone 197600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 197600000.00 49200000.00 246800000.00 0.00 0.00 0.00 7000000.00 584900000.00 1200000.00 0.00 0.00 0.00 49200000.00 108300000.00 750600000.00 -503800000.00 2246800000.00 1743000000.00 484400000.00 -500000.00 483900000.00 1259100000.00 0.00 0.00 0.00 0.00 1259100000.00 100000.00 1259200000.00 0.00 0.00 20048500000.00 10 0.63 0.63 0.00 0.00 0.63 0.63 1tThese financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standard (Ind AS) prescribed under section 133 of the Companies Act 2013 (the Act) read with relevant rules issued thereunder and the other accounting principles generally accepted in India.tttttt nttttttt n2tThe above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 16, 2020. The Joint Statutory Auditors of the Company have carried out limited review of the aforesaid results.tttttt nttttttt n3tThe Company, during the quarter ended June 30, 2020 has allotted 18,000 equity shares of Rs. 10 each, fully paid up, on exercise of options by employees, in accordance with the Company's Employee Stock Option Scheme(s).tttttt nttttttt n4tEstimation uncertainty relating to COVID-19 global health pandemic: nIn assessing the recoverability of loans, receivables, and investments, the Company has considered internal and external sources of information, including credit reports, economic forecasts and industry reports upto the date of approval of these standalone financial results. The Company has performed sensitivity analysis on the assumptions used and based on current indicators of future economic conditions, the Company expects to recover the carrying amount of these assets. The eventual outcome of impact of the global health pandemic may be different from those estimated as on the date of approval of these financial results and the Company will continue to monitor any material changes to the future economic conditions.tttttt nttttttt n5tDuring the quarter ended June 30, 2020, 8.15% Cumulative Compulsorily Redeemable Preference Shares (CRPS) amounting to Rs. 600.00 crore have been redeemed. The Company has paid final dividend of Rs. 4.99 crore on redeemed Preference Shares during the quarter.tttttt nttttttt n6tEmployee benefit expenses includes reversal of employee stock options expenses on account of unvested lapses amounting to Rs. 4.35 crore during the quarter ended June 30, 2020.tttttt nttttttt n7tExceptional item during the quarter ended June 30, 2020 represents net gain of Rs. 224.68 crore on the divestment of entire stake in the subsidiary company, L&T Capital Market Limited. The transaction concluded on April 24, 2020.tttttt nttttttt n8tThe main business of the Company is investment activity. As such, there are no separate reportable segments as per the Ind AS 108 on Operating Segment.tttttt nttttttt n9tThe figures for the quarter ended March 31, 2020 are the balancing figures between audited figures in respect of full financial year and unaudited published year to date figures up to the third quarter of the respective financial year.tttttt nttttttt n10tPrevious period/year figures have been regrouped/reclassified to make them comparable with those of current period. Other expenses 108300000.00 0.00 0.00 0.00 0.00 100000.00