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Shriram Transport Finance reports 3% fall in Q2 consolidated net profit

29 Oct 2013 Evaluate

Shriram Transport Finance Company has reported results for the second quarter ended September 30, 2013.

The company has reported 3.18% fall in its net profit at Rs 326.83 crore for the quarter as compared to Rs 337.56 crore for the same quarter in the previous year. However, total income of the company has increased by 22.31% at Rs 1955.36 crore for quarter under review as compared to Rs 1598.63 crore for the quarter ended September 30, 2012.

On the consolidated basis, the group has registered a marginal fall of 2.93% in net profit after taxes, minority interest and share of profit of associates at Rs 351.93 crore as compared to Rs 362.57 crore in the same quarter previous year. However, total income of the group rose 23.14% to Rs 2103.67 crore for quarter under review as against Rs 1708.31 crore in corresponding quarter previous year.

 

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