Shriram Transport Fin posts 19.43 pc rise in Q3 net profit

Feb 07 2013, 14:52 IST
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Shriram Transport Finance Shriram Transport Finance
SummaryThe company had reported consolidated net profit of Rs 314.39 crore during the previous financial year.

Shriram Transport Finance, part of the Shriram Group, has reported 19.43 per cent growth in its consolidated net profit at Rs 375.49 crore for the third quarter ended December 31, 2012.

The Chennai-based company had reported consolidated net profit of Rs 314.39 crore during the corresponding period of the previous financial year.

Consolidated total income for the third quarter ended December 31, 2012 rose to Rs 1,796.16 crore as against Rs 1,549.49 crore registered during the same period a year ago.

For the nine-month period ending December 31, 2012 the consolidated net profit of the company grew by 10.2 per cent to reach Rs 1,080.21 crore from Rs 980.07 crore registered during the corresponding period of previous fiscal year.

For the nine-month period ending December 31, 2012 the total income of the company jumped to Rs 5,095.64 crore from Rs 4,603.42 crore during the corresponding period in 2010-11.

Its earnings per share (basic) surged by 18.99 per cent to Rs 16.54 as against Rs 13.90 recorded in the same period of previous year.

As of December 31, 2012 the company's total assets under management surged by 20.86 per cent to reach Rs 49,269.89 crore as compared to Rs 40,765.47 crore registered during the same period of previous year, the statement added.

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