Shriram Transport Finance Q4 PAT seen up 14% to Rs 350 cr

Moneycontrol Bureau

Non-banking finance company Shriram Transport Finance will declare its fourth quarter (January-March) results on Tuesday. Net profit is likely to grow by 14 percent year-on-year to Rs 350 crore, according to CNBC-TV18 poll estimate.

Net interest income or the difference between interest earned and paid out, is seen up 17 percent to Rs 942 crore from Rs 805.6 crore Y-o-Y. The company is engaged in financing small time truck operators. Shriram group is also a potential candidate to apply for the new banking licence.

Also Read - Buy Shriram Transport above Rs 693; target Rs 715: IIFL

The company has been growing steadily, which is a key trigger for the company. Loan disbursements expanded more than expectations. The growth also did not come at the cost of credit quality.

Shriram Transport shares rose 36 percent as against a 17 percent rise in the broader index - CNX Nifty since last one year.