Q2 Unaudited Financial Results of Shriram Transport Finance Company Limited.

Nov. 9, 2011 - PRLog -- Wednesday,  9th   November,  2011,  Mumbai  :  The   Board   Meeting  of  Shriram Transport Finance Company Limited (STFC),  the largest asset financing NBFC in the  country,  was held  today  to consider the  Unaudited financial results for the second quarter  ended 30th.  September, 2011.


Financials :-

The  Net  Interest  Income  for the  second quarter  ended 30th.   September, 2011 surged by 19.30% to Rs. 834.71 crores as against Rs. 699.69 crores recorded in the same period previous year. The profit after tax stands at Rs. 299.41 crores as against  Rs.  298.96  crores  recorded  in  the   same  period  previous  year.  The earning per share stood at Rs. 13.24 from Rs. 13.26 recorded in the same period earlier year.


Interim Dividend:-

The Board  declared an  Interim Dividend of Rs 2.50 (25%) per share, the  Record Date  for  the  entitlement  thereof  has been  fixed  as  November 22,  2011.  The dividend payout would absorb a sum of Rs. 65.73 crores( including dividend tax).


Total Assets under Management  as  on  30th.   September,  2011  stood  at  Rs.38,076.39 crores as compared to Rs. 36,997.22 crores as on 30th. June, 2011. The aforesaid figures are stand-alone financial results of the Company.



About Shriram Transport Finance Company Limited.

Shriram  Transport Finance  Company Limited  is  the  flagship  company of the  Shriram group  which  has significant  presence in  Consumer Finance,  Life  Insurance,  General Insurance,  Stock Broking  and  Distribution  businesses.  Established  in  1979,    Shriram Transport is today  the  largest  asset  financing  NBFC in  the  country  and  holistic  finance provider for the commercial vehicle industry and  seeks to partner small truck owners for every  possible need related to their assets. It has PAN India presence with 496  branch offices.  Based at  Mumbai,  it  manages assets  over  Rs 38,000  crores and  has a  live customer base exceeding 8,00,000.