Shriram Transport Finance Co. Ltd: Q1FY18 Results
DSIJ Intelligence / 31 Jul 2017
The company registered NII growth of 16.8% QoQ to Rs 1336.4 crore for Q1FY2017-18. Its NII for quarter ended March 31, 2017 was Rs 1144 crore.
Shriram Transport Finance Co. Ltd reported its standalone financial results for the quarter ended June 30, 2017.
The company registered NII growth of 16.8% QoQ to Rs 1336.4 crore for Q1FY2017-18. Its NII for quarter ended March 31, 2017 was Rs 1144 crore.
The company reported a whopping increase of 199.9% QoQ in its net profit for the quarter from Rs 149.6 crore to Rs 448.6 crore. This was due to decline in provisions by 36% QoQ from Rs 911.3 crore to Rs 582.2 crore.
The provision coverage ratio and CAR for the quarter stood at 70.81% and 16.26%, respectively.
Its AUM for the quarter stood at Rs 81,611.9 crore, out of which major contributions came from HCVs (46.8%), passenger vehicles (24.6%) and M&LCVs (20.4%).
Its GNPAs rose by 2.6% QoQ to Rs 5549 crore and its GNPA to total advances ratio declined by 13bps QoQ to 8.03%. Its NNPAs for the quarter stood at 2.49%.
Shriram Transport Finance is a finance provider for commercial vehicles, with a niche presence in financing pre-owned trucks.
The stock opened at Rs 971.85 and closed at Rs. 1018.2 after touching intra-day high of Rs. 1022.95
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.