Shriram Finance Ltd.

BSE: 511218 | NSE: SHRIRAMFIN
Large Cap | Finance - NBFC
935.10
33.35 (3.70%)
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Shriram Transport Finance Company reports 12% rise in Q2 net profit

Date: 29-10-2015

Shriram Transport Finance Company has reported results for second quarter ended September 30, 2015.

The company has reported 11.88% rise in its net profit at Rs 338.10 crore for the quarter ended September 30, 2015 as compared to Rs 302.21 crore for the same quarter in the previous year. The company’s total income has increased by 14.96% to Rs 2425.57 crore for the quarter under review from Rs 2110.01 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.