Shriram Transport Q1 PAT up by 24.37% at INR 571.72 crore

The Net Interest Income for the first quarter ended 30th June, 2018 increased by 19.58% at Rs. 1,840.30 crore as against Rs.1,538.95 crore in the same period of the previous year.

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 first quarter ended 30th June, 2018.

Financials (Standalone):

Ind AS

STFC has adopted Indian Accounting Standards ( Ind AS ) for Quarter ended 30th June 2018 with Ind AS comparitives for quarter ended 30th June 2017. Accordingly, figures for the previous year/period have been recast as per new Accounting Standards.

First quarter ended 30th June, 2018 :

The Net Interest Income for the first quarter ended 30th June, 2018 increased by

19.58% at Rs. 1,840.30 crore as against Rs.1,538.95 crore in the same period of

the previous year. The profit after tax increased by 24.37% at Rs. 571.72 crore as

against Rs. 459.69 crore recorded in the same period of the previous year.

The earning per share (basic) for the first quarter ended 30th June, 2018 increased by 24.37% at Rs. 25.20 as against Rs. 20.26 recorded in the same period of the previous year.

Assets under Management :

Total Assets under Management as on 30th June, 2018 stands at Rs.100,978.12

crore as compared to Rs. 82,597.38 crore as on 30th June, 2017.

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.

NewsBarons is now active on WhatsApp. To receive news and updates on your handset, please click here and press send to subscribe.

Latika Bhargava
Latika Bhargava successfully manages the dual responsibility of news and website management at Newsbarons. Latika prides herself at her expertise on social media planning and management. An entrepreneur at heart, Latika is a quick learner, analytical and enjoys reading on technology innovation.
latika@newsbarons.com
banner4