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Shriram Transport Finance Q4 net seen down 1% at Rs 337 cr

Commercial vehicle financing company Shriram Transport Finance is expected to report a fall of just 1% year-on-year in its profit after tax of Rs 337 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.

May 08, 2012 / 11:53 IST
     
     
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    Commercial vehicle financing company Shriram Transport Finance is expected to report a fall of just 1% year-on-year in its profit after tax of Rs 337 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.


    Net interest income too is seen going down by 7% to Rs 300 crore for the January-March quarter of 2012 versus Rs 324.3 crore in a year ago period.


    During the same period, however, net interest income including securitization is likely to increase 8.5% to Rs 837 crore.

    Highlights


    - Muted growth in net profit due to higher provisions


    - Margin uptick of 10 basis points owing to securitization benefit of last year


    - Securitization income expected to grow 17%


    - AUM growth to moderate to 12% YoY


    - Disbursements expected to decline YoY due to growth slowdown in new CV space


    - Asset quality and provisions likely to remain stable

    first published: May 8, 2012 11:48 am

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