Shriram Finance Ltd.

Shriram Transport Finance Company is observing a recovery in the loan demand for vehicle finance and expected that credit growth will return to normalcy in the next fiscal. The entity’s loan growth is expected to slow down to 10-15% level in the current fiscal.

The company has reported 14.31% rise in its net profit at Rs 345.99 crore for the quarter ended December 31, 2012 as compared to Rs 302.68 crore for the same quarter in the previous year. Total income of the company has increased by 13.38% at Rs 1678.14 crore for quarter under review as compared to Rs 1480.04 crore for the quarter ended December 31, 2011.