Shriram Transport Finance Company net profit rises 28.82% in the March 2011 quarter

April 29, 2011 | Capital Market | Mumbai

Net profit of Shriram Transport Finance Company rose 28.82% to Rs 3.4 BN ($77M) in the quarter ended March 2011 as against Rs 2.6 BN ($60M) during the previous quarter ended March 2010. Sales rose 12.11% to Rs 13.4 BN ($302.5M) in the quarter ended March 2011 as against Rs 11.9 BN ($270M) during the previous quarter ended March 2010.

For the audited full year, net profit rose 40.86% to Rs 12.3 BN ($278M) in the year ended March 2011 as against Rs 8.7 BN ($197.5M) during the previous year ended March 2010. Sales rose 18.89% to Rs 52.3 BN ($1,183M) in the year ended March 2011 as against Rs 43.9 BN ($995M) during the previous year ended March 2010.

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