Shriram Transport Finance reported a 73% dip in the consolidated net profit to R 84.2 crore in the three months to March, owing to increase in finance cost, provisions and write-offs.
While finance cost rose 15.6% to R1,252 crore, provisions and write offs stood at R573 crore, up 80% y-o-y. Net interest income (NII) for Q4FY15 was up 13% y-o-y at R1,105.5 crore. Total income from operations stood at R2,420 crore, up 12.5% over the same period last year. The NBFC’s total assets under management as on March 31, 2015, stood at Rs 62,106.86 crore against Rs 56,534.58 crore in the same period last year. The scrip closed at Rs 973.5 on the BSE, down 0.74%.
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