Shriram Transport Finance saw a good quarter in Q3 as the disbursement to assets under management (AUM) ratio is back to its best levels while AUM growth rate is the highest in many quarters. In an interview with CNBC-TV18, Umesh Revankar, MD of Shriram Transport Finance spoke about the results and his outlook for the company.
Demand is consistent and Q4 sales should be bigger than Q3, he said.
Q1FY19 should be reasonably good but we will have little dependence on monsoon – if we have good monsoon then this year again will be good because the infrastructure spend in FY19 will be reasonably higher than last year, FY18, he added.
According to him, infrastructure spend will be reasonably good from the government and it will be faster.
Speaking of commercial vehicle (CV) segment, he said that the demand for infrastructure is very high therefore the demand for construction-related vehicles is quite high. I see a good demand for heavy commercial vehicles in the northern area.
The re-sale value of used vehicles is consistently good, which led to better demand, said Revankar.
For full interview, watch accompanying video...
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
