Q1 FY' 2011 Unaudited Financial Results of
Shriram Transport Finance Company Limited
The Board Meeting of Shriram Transport Finance Company Limited (STFC), the largest asset financing NBFC in the country, was held today to consider the Unaudited financial results for the first quarter ended 30th. June, 2010.
The Net Interest Income for the quarter ended 30th. June, 2010 surged by 49.53% to Rs. 701.41 crores as against Rs. 469.09 crores ($150M) recorded in the same period previous year. The profit after tax rose by 75.73% to Rs. 288.94 crores ($ 62.13 M) as against Rs.164.42 crores ($ 35.36 M) recorded in the same period previous year. The earnings per share surged by 59.93% to Rs. 12.81 from Rs. 8.01 recorded in the same period earlier year.
The return on assets (ROA) for the quarter ended 30th. June, 2010 stood at 4.24% against 2.65% of the same period previous year. The return on equity (ROE) and net non performing assets (Net NPA) stood at 28.99% and 0.44% respectively. The aforesaid figures are stand-alone financial results of the Company. Total Assets under Management as on 30th. June, 2010 stood at Rs. 30,238.88 crores ($ 6.5 BN) as compared to Rs. 29,126.08 crores as on 31st. March, 201 0 ($6.2 BN).