Shriram Transport Finance Q1FY19 results
Posted on: 26/Jul/2018 3:41:09 PM
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, 2018.
Financials (Standalone): Ind AS
STFC has adopted Indian Accounting Standards ( Ind AS ) for Quarter ended 30th June 2018 with Ind AS comparitives for quarter ended 30th June 2017. Accordingly, figures for the previous year/period have been recast as per new Accounting Standards.
First quarter ended 30th June, 2018:
The Net Interest Income for the first quarter ended 30th June, 2018 increased by 19.58% at Rs. 1,840.30 crores as against Rs.1,538.95 crores in the same period of the previous year. The profit after tax increased by 24.37% at Rs. 571.72 crores as against Rs. 459.69 crores recorded in the same period of the previous year. The earning per share (basic) for the first quarter ended 30th June, 2018 increased by 24.37% at Rs. 25.20 as against Rs. 20.26 recorded in the same period of the previous year.
Assets under Management:
Total Assets under Management as on 30th June, 2018 stands at Rs.100,978.12 crores as compared to Rs. 82,597.38 crores as on 30th June, 2017.
