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Shriram Transport Finance Company reports 5% rise in Q1 net profit

01 Aug 2015 Evaluate

Shriram Transport Finance Company has reported results for the first quarter ended June 30, 2015.

The company has reported 4.79% rise in its net profit at Rs 321.11 crore for the quarter ended June 30, 2015 as compared to Rs 306.42 crore for the same quarter in the previous year. The company’s total income has increased by 16.66% to Rs 2353.34 crore for the quarter under review from Rs 2017.19 crore for the corresponding quarter of the previous year.

Shriram Transport Finance is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC. The company was with an objective to provide hire purchase and lease finance for the medium and heavy commercial vehicles to individual truck operators.

Shriram Finance Share Price

1036.50 14.05 (1.37%)
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