Shriram Q3 PAT up by 27.26% at Rs 301.36 cr
Shriram Net Interest Income for the third quarter ended 31st. December, 2010 surged by 45.34% to Rs. 836.65 crores as against Rs. 575.64 crores recorded in the same period previous year. The profit after tax rose by 27.26% to Rs. 301.36 crores as against Rs. 236.81 crores recorded in the same period previous year.
February 02, 2011 / 17:36 IST
The Board Meeting of Shriram Transport Finance Company (STFC), the largest asset financing NBFC in the country, was held today to consider the Unaudited financial results for the third quarter ended 31st. December, 2010.
Financials:-
The Net Interest Income for the third quarter ended 31st. December, 2010 surged by 45.34% to Rs. 836.65 crores as against Rs. 575.64 crores recorded in the same period previous year. The profit after tax rose by 27.26% to Rs. 301.36 crores as against Rs. 236.81 crores recorded in the same period previous year. The earning per share surged by 19.62% to Rs. 13.35 from Rs. 11.16 recorded in the same period earlier year.Provisions on Standard Assets:-
The Company has made a first time provision of Rs. 55.27 crores during the quarter on the standard assets outstanding as on 31st. December, 2010 as per the Reserve Bank of India directions to all NBFCs to make 0.25% on the standard assets vide its notification dated January 17, 2011.Assets under Management:-
Total Assets under Management as on 31st. December, 2010 stood at Rs. 33,779.68 crores as compared to Rs. 31,706.82 crores as on 30th. September, 2010. The aforesaid figures are stand-alone financial results of the Company. 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!
