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Shriram Transport Finance Company reports 22% fall in Q4 net profit

09 May 2019 Evaluate

Shriram Transport Finance Company has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a fall of 22.43% in its net profit at Rs 746.04 crore for the quarter under review as compared to Rs 961.76 crore for the same quarter in the previous year. However, total income of the company increased by 7.63% at Rs 3,880.43 crore for Q4FY19 as compared Rs 3,605.47 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a marginal rise of 4.20% in its net profit at Rs 2,563.99 crore as compared to Rs 2,460.54 crore for the previous year. Total income of the company increased by 16.35% at Rs 15,545.70 crore for year under review as compared to Rs 13,361.64 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a marginal rise of 0.69% in its net profit at Rs 2,563.99 crore as compared to Rs 2,546.40 crore for the previous year. Total income of the company increased by 15.10% at Rs 15,545.70 crore for year under review as compared to Rs 13,506.20 crore for year ended March 31, 2018.

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