Shriram Transport Finance net jumps 72%

BS Reporter / Mumbai?April 30, 2010, 0:57 IST

Commercial vehicle financier Shriram Transport Finance reported a 72 per cent jump in net profit to Rs 2,644M ($58.2M) for the quarter ended March 31, compared with Rs 1538.6M ($36.2M) a year ago.

Revenues grew 24.5 per cent to Rs 12,292.4M ($270.8Mn) in the quarter from Rs 9,869.2M ($232.2M) in the corresponding quarter last year.

For the financial year, net profit went up to Rs 8,731M ($192.3M) as compared to Rs 6,124M ($144M) for the year ended March 31, 2009. Revenues increased from Rs 37,311M ($878mn) for the year ended March 31, 2009 to Rs 44,996M ($991M) for the year ended March 31, 2010.

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