Shriram Transport Finance Company Posts Its Q1FY14 Results
Vinaya Patil / 24 Jul 2013
On a consolidated basis, the revenues of the company grew by 25.24% and stood at Rs 2003.25 crore in Q1FY14 as against Rs 1599.50 crore posted during Q1FY13.
Shriram Transport Finance Company, a flagship company of the Shriram Group having interests in various businesses like Life Insurance, General Insurance, Consumer Financing, Stock Broking and Distribution business, 
has announced its Q1FY14 results today.
On a consolidated basis, the revenues of the company grew by 25.24% and stood at Rs 2003.25 crore in Q1FY14 as against Rs 1599.50 crore posted during Q1FY13. The main segment of the company - Financial Activities - which contributes to most of the revenue, generated growth of 25.62% with Rs 1985.93 crore in Q1FY14 against Rs 1580.94 crore in Q1FY13.
The net interest income (NII) of the company has jumped up by 14.12% and stood at Rs 962.88 crore against Rs 843.75 crore on a yearly basis. Profit after tax has also moved up by 7.07% to Rs 366.27 crore as against Rs 342.08 crore last fiscal.
The stock of the company is currently trading at a price to book value of 2, which looks slightly expensive as compared to its peers and we thus advise investors to stay away from the scrip as of now.
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