Shriram Finance Ltd.
32.55 (3.74%) Shriram Transport Finance Company reports 15% fall in Q1 consolidated net profit
Date: 25-07-2014Shriram Transport Finance Company has reported results for first quarter ended June 30, 2014.
The company’s net profit has declined 10.15% at Rs 306.42 crore as compared to Rs 341.04 crore for the quarter ended June 30, 2013. However, the company’s total income has increased by 6.58% to Rs 2017.19 crore for the quarter under review from Rs 1892.52 crore for the corresponding quarter of the previous year.
On the consolidated basis, the Group has reported 14.57% fall in its net profit after taxes & Minority interest at Rs 312.90 crore for the quarter as compared to Rs 366.27 crore for the same quarter in the previous year. However, total income has increased by 5.92% at Rs 2149.81 crore for quarter under review as compared to Rs 2029.49 crore for the quarter ended June 30, 2013.