Shriram Transport Finance Company

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Shriram Transport Finance Company’s profit after tax stood at Rs. 345.96 crores

Tuesday, 31st January, 2017, Mumbai: 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 third quarter ended 31st December, 2016. Financials (Standalone): Third quarter ended 31st December, 2016: The Net Interest Income for the third quarter ended 31st December, 2016 stands at Rs. 1,412.11 crores as against Rs. 1,320.53 crores in the same period of the previous year. The profit after tax stood at Rs. 345.96 crores as against Rs. 375.07 crores recorded in the same period of the previous year. The earnings per share (basic) stood at Rs. 15.25 as against Rs. 16.54 recorded in the same period of the previous year. Assets under Management: Total Assets under Management as on 31st December, 2016 stood at Rs. 76,281.36 crores as compared to Rs. 66,538.35 crores as on 31st December, 2015.

About Shriram Transport Finance Company Limited: Shriram Transport Finance Company Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Stock Broking and Distribution businesses. Established in 1979, Shriram Transport is today the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets. It has PAN India presence with 905 branch offices. Based at Mumbai, it manages assets over Rs 76,000 crores and has a live customer base exceeding 14 lakhs.

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