Shriram Finance Ltd.

Shriram Transport Finance Company has reported results for third quarter ended December 31, 2015.

The company has reported 20.04% rise in its net profit at Rs 375.07 crore for the quarter ended December 31, 2015 as compared to Rs 312.45 crore for the same quarter in the previous year. The company’s total income has increased by 15.56% to Rs 2548.32 crore for the quarter under review from Rs 2205.20 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.