Shriram Finance Ltd.

Shriram Transport Finance Company has reported results for first quarter ended June 30, 2022.

The company has reported around 6-fold jump in its net profit at Rs 965.27 crore for the quarter under review as compared to Rs 169.94 crore for the same quarter in the previous year. Total income of the company increased by 10.70% at Rs 5,149.26 crore in Q1FY23 as compared Rs 4,651.50 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.