Shriram Transport likely to maintain 7% NIMs ahead

Non-banking finance company Shriram Transport Finance today reported a 27.26% growth in net profit at Rs 301.36 crore for the third quarter ended December 31, 2010. The company had a net profit of Rs 236.81 crore in the corresponding period last year.

In an interview with CNBC-TV18, Parag Sharma, CFO of Shriram Transport Finance spoke about the results and his outlook for the company. Below is a verbatim transcript of the interview. Also watch the video. Q: Could you tell us what the net interest margins were? A: The net interest margins stand at around 6.69% for the quarter and the profits are around Rs 301 crore which is inspite of Rs 55 crore of additional provisioning as prescribed by Reserve Bank of India. The numbers are good and capital adequacy is standing at around 24%. The disbursement for the quarter stands at around Rs 5,144 crore, which is 30% more than the previous year