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Shriram Transport Finance reports 26% rise in Q2 net profit

25 Oct 2019 Evaluate

Shriram Transport Finance has reported results for second quarter ended September 30, 2019.

The company has reported 25.50% rise in its net profit at Rs 765.05 crore for the quarter under review as compared to Rs 609.58 crore for the same quarter in the previous year. Total income of the company increased by 6.89% at Rs 4219.82 crore for Q2FY20 as compared Rs 3947.75 crore for the corresponding quarter previous year.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.

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