Shriram Transport Finance Q1 net profit up 24.53% at Rs 572.9 crore

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

Shriram Transport Finance Company today reported a 24.53 percent rise in net profit at Rs 572.9 crore in the first quarter ended June 30, 2018. Its net profit in the April-June quarter of 2017-18 stood at Rs 460.02 crore.

Its total revenue during the reported quarter increased by 19.91 percent to Rs 3,739.85 crore, from Rs 3,118.68 crore in the same period year ago, Shriram Transport Finance Company (STF) said in a BSE filing.

The company's net interest income for the first quarter ended June 30, 2018, increased by 19.58 percent to Rs 1,840.30 crore as against Rs 1,538.95 crore in the same period of the previous year.

Its total assets under management (AUM) as on June 30, 2018, stands at Rs 100,978.12 crore as compared to Rs 82,597.38 crore as on June 30, 2017.

Stock of the company were trading 4.39 percent higher at Rs 1,340.70 on BSE.